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

Arc Resources Ltd. (OTCMKTS:AETUF) shares gapped down before the market opened on Monday . The stock had previously closed at $22.75, but opened at $21.13. Arc Resources shares last traded at $21.13, with a volume of 899 shares traded.

Analyst Upgrades and Downgrades

AETUF has been the subject of a number of recent analyst reports. Capital One Financial cut shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. TD Securities cut shares of Arc Resources from a “buy” rating to a “sell” rating in a research note on Monday, April 27th. Jefferies Financial Group cut shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 29th. 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. Finally, Zacks Research cut shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Arc Resources Trading Down 2.3%

The business’s 50 day moving average price is $21.53 and its 200-day moving average price is $19.68. 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 company has a market cap of $12.58 billion, a price-to-earnings ratio of 12.14 and a beta of 0.25.

Arc Resources (OTCMKTS:AETUF) last posted its earnings results on Tuesday, April 28th. The energy company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.25. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Arc Resources had a net margin of 22.77% and a return on equity of 17.70%. On average, equities analysts anticipate that Arc Resources Ltd. will post 2.04 EPS 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.