Arc Resources (OTCMKTS:AETUF) Shares Gap Down – Should You Sell?

Arc Resources Ltd. (OTCMKTS:AETUF) gapped down before the market opened on Tuesday . The stock had previously closed at $23.43, but opened at $22.31. Arc Resources shares last traded at $23.4535, with a volume of 485 shares.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Canaccord Genuity Group downgraded shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. National Bank Financial cut shares of Arc Resources from an “outperform” rating to a “sector perform” rating in a research note on Friday, February 6th. TD Securities cut shares of Arc Resources from a “buy” rating to a “sell” rating in a research note on Monday, April 27th. Raymond James Financial cut shares of Arc Resources from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 6th. Finally, BMO Capital Markets cut shares of Arc Resources from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Arc Resources Trading Up 0.6%

The company has a market cap of $13.31 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 0.63 and a beta of 0.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.69 and a current ratio of 0.70. The business’s 50 day moving average price is $19.79 and its 200-day moving average price is $18.68.

Arc Resources (OTCMKTS:AETUF) last announced its quarterly earnings data on Tuesday, April 28th. The energy company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.25. Arc Resources had a net margin of 22.77% and a return on equity of 17.70%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.14 billion. On average, research analysts forecast that Arc Resources Ltd. will post 2.18 EPS 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.