Arc Resources Ltd. (OTCMKTS:AETUF) Receives Consensus Rating of “Hold” from Analysts

Arc Resources Ltd. (OTCMKTS:AETUF) has been given an average recommendation of “Hold” by the fourteen analysts that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have given a buy recommendation to the company.

AETUF has been the subject of several recent research reports. Canaccord Genuity Group cut shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. TD Securities lowered Arc Resources from a “buy” rating to a “sell” rating in a research report on Monday, April 27th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Arc Resources in a research note on Wednesday. Jefferies Financial Group downgraded Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 29th. Finally, Scotiabank reissued a “sector perform” rating on shares of Arc Resources in a research note on Wednesday, April 29th.

Arc Resources Trading Up 1.4%

AETUF opened at $23.00 on Friday. The firm has a 50 day simple moving average of $22.20 and a 200 day simple moving average of $20.21. Arc Resources has a fifty-two week low of $15.50 and a fifty-two week high of $23.79. The company has a market cap of $13.03 billion, a price-to-earnings ratio of 12.57 and a beta of 0.26. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.87 and a quick ratio of 0.85.

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 17.47%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.14 billion. On average, sell-side analysts anticipate that Arc Resources will post 1.67 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.