Arc Resources (OTCMKTS:AETUF) Shares Gap Down – Time to Sell?

Arc Resources Ltd. (OTCMKTS:AETUF) shares gapped down prior to trading on Tuesday . The stock had previously closed at $21.18, but opened at $20.15. Arc Resources shares last traded at $21.58, with a volume of 4,958 shares trading hands.

Analyst Upgrades and Downgrades

AETUF has been the topic of a number of research analyst reports. UBS Group cut shares of Arc Resources from a “buy” rating to a “hold” rating in a report on Friday, December 12th. Canadian Imperial Bank of Commerce cut Arc Resources from an “outperform” rating to a “hold” rating in a report on Friday, February 6th. Roth Mkm initiated coverage on Arc Resources in a research note on Friday, December 19th. They issued a “buy” rating on the stock. National Bank Financial cut Arc Resources from an “outperform” rating to a “sector perform” rating in a research report on Friday, February 6th. Finally, Zacks Research upgraded Arc Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Arc Resources presently has an average rating of “Moderate Buy”.

Arc Resources Stock Up 0.0%

The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.29. The stock has a market cap of $12.15 billion, a P/E ratio of 13.64, a PEG ratio of 1.32 and a beta of 0.26. The firm has a 50-day simple moving average of $18.75 and a two-hundred day simple moving average of $18.39.

Arc Resources (OTCMKTS:AETUF) last announced its earnings results on Thursday, February 5th. The energy company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. Arc Resources had a net margin of 22.03% and a return on equity of 15.49%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Equities research analysts expect that Arc Resources Ltd. will post 2.23 earnings per share for the current fiscal 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.