Arc Resources (OTCMKTS:AETUF) Trading 1.8% Higher – Here’s Why

Arc Resources Ltd. (OTCMKTS:AETUF) shares traded up 1.8% during trading on Monday . The company traded as high as $18.9865 and last traded at $18.94. 39,883 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 293,245 shares. The stock had previously closed at $18.60.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AETUF. Raymond James Financial restated an “outperform” rating on shares of Arc Resources in a report on Monday, September 15th. UBS Group downgraded shares of Arc Resources from a “buy” rating to a “hold” rating in a research report on Friday, December 12th. Cantor Fitzgerald started coverage on shares of Arc Resources in a report on Monday, October 27th. They issued an “overweight” rating on the stock. Roth Capital started coverage on shares of Arc Resources in a report on Friday, December 19th. They set a “buy” rating for the company. Finally, TD Securities reissued a “buy” rating on shares of Arc Resources in a research report on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Arc Resources has an average rating of “Moderate Buy”.

Arc Resources Trading Up 1.8%

The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.53. The business’s fifty day simple moving average is $18.23 and its 200 day simple moving average is $19.07. The stock has a market cap of $10.85 billion, a price-to-earnings ratio of 11.21, a P/E/G ratio of 0.79 and a beta of 0.29.

Arc Resources (OTCMKTS:AETUF) last posted its quarterly earnings results on Thursday, November 6th. The energy company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.14). Arc Resources had a return on equity of 16.90% and a net margin of 25.94%.The business had revenue of $889.86 million during the quarter, compared to the consensus estimate of $1.05 billion. On average, research analysts predict that Arc Resources Ltd. will post 2.23 EPS for the current year.

About Arc Resources

Arc Resources Ltd., trading on the OTC Markets under the ticker AETUF, is a Canadian energy company primarily engaged in the exploration, development and production of natural gas, condensate and natural gas liquids. Headquartered in Calgary, Alberta, the company’s core operations are concentrated in the Montney formation, a premier resource play extending across northeastern British Columbia and northwestern Alberta. Arc’s portfolio emphasizes liquids-rich gas production supported by proprietary midstream infrastructure, including gas processing facilities, pipelines and water management systems.

Since its formation in the mid-1990s as Arc Energy Trust and its conversion to a corporation in 2015, Arc Resources has pursued a disciplined growth strategy focused on operational efficiency, cost control and sustainable development.