Arc Resources Ltd. (OTCMKTS:AETUF) Given Average Recommendation of “Hold” by Brokerages

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) have been assigned an average rating of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating on the company.

Several research analysts have weighed in on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Arc Resources in a report on Wednesday, July 15th. Zacks Research raised Arc Resources from a “strong sell” rating to a “hold” rating in a research report on Friday, August 21st.

Arc Resources Price Performance

Arc Resources stock opened at $24.54 on Monday. Arc Resources has a 12-month low of $15.50 and a 12-month high of $24.80. The stock has a market capitalization of $13.90 billion, a P/E ratio of 13.71 and a beta of 0.27. The firm’s 50-day moving average is $23.15 and its two-hundred day moving average is $21.66. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.88 and a quick ratio of 0.86.

Arc Resources (OTCMKTS:AETUF) last posted its quarterly earnings data on Thursday, July 30th. The energy company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.18 billion. Arc Resources had a net margin of 19.75% and a return on equity of 16.67%. Equities analysts predict that Arc Resources will post 1.68 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.