Arc Resources (OTCMKTS:AETUF) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Arc Resources Ltd. (OTCMKTS:AETUF)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $18.04 and traded as low as $17.94. Arc Resources shares last traded at $18.54, with a volume of 116,228 shares.

Analysts Set New Price Targets

AETUF has been the subject of a number of recent analyst reports. UBS Group downgraded Arc Resources from a “buy” rating to a “hold” rating in a research report on Friday, December 12th. National Bank Financial cut Arc Resources from an “outperform” rating to a “sector perform” rating in a research report on Friday, February 6th. Roth Mkm assumed coverage on shares of Arc Resources in a research report on Friday, December 19th. They set a “buy” rating for the company. Zacks Research upgraded shares of Arc Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 17th. Finally, Raymond James Financial lowered shares of Arc Resources from a “moderate buy” rating to a “hold” rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Arc Resources Price Performance

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 company has a market cap of $10.59 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 1.33 and a beta of 0.29. The business has a fifty day moving average price of $18.04 and a 200 day moving average price of $18.29.

Arc Resources (OTCMKTS:AETUF) last released its quarterly earnings data on Thursday, February 5th. The energy company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.07 billion. Arc Resources had a return on equity of 15.49% and a net margin of 22.03%. As a group, research analysts anticipate that Arc Resources Ltd. 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.