Arc Resources Ltd. (OTCMKTS:AETUF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) have received an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company.

A number of analysts recently weighed in on the stock. UBS Group lowered shares of Arc Resources from a “buy” rating to a “hold” rating in a research note on Friday, December 12th. Roth Mkm started coverage on shares of Arc Resources in a report on Friday, December 19th. They set a “buy” rating for the company. Zacks Research lowered shares of Arc Resources from a “hold” rating to a “strong sell” rating in a report on Friday, December 19th. Capital One Financial raised Arc Resources to a “strong-buy” rating in a report on Monday, October 27th. Finally, Cantor Fitzgerald started coverage on Arc Resources in a report on Monday, October 27th. They set an “overweight” rating for the company.

Arc Resources Stock Performance

OTCMKTS AETUF opened at $18.73 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.53 and a current ratio of 0.54. The stock’s fifty day moving average is $18.20 and its two-hundred day moving average is $18.56. The firm has a market capitalization of $10.70 billion, a P/E ratio of 11.09, a price-to-earnings-growth ratio of 1.76 and a beta of 0.30. Arc Resources has a fifty-two week low of $15.05 and a fifty-two week high of $23.86.

Arc Resources (OTCMKTS:AETUF) last announced 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). The firm had revenue of $889.86 million for the quarter, compared to analyst estimates of $1.05 billion. Arc Resources had a return on equity of 16.90% and a net margin of 25.94%. On average, research analysts anticipate that Arc Resources will post 2.23 earnings per share for the current year.

Arc Resources Company Profile

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.