Raymond James Reaffirms “Buy” Rating for ARC Resources (OTCMKTS:AETUF)

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Raymond James reiterated their buy rating on shares of ARC Resources (OTCMKTS:AETUF) in a report issued on Thursday morning, TipRanks reports.

Separately, Tudor Pickering cut MEG Energy from a buy rating to a hold rating in a research note on Friday, June 7th.

OTCMKTS AETUF opened at $4.88 on Thursday. The stock has a market capitalization of $1.76 billion, a P/E ratio of 165.67 and a beta of 0.99. The company’s 50-day moving average price is $5.19. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.23. ARC Resources has a twelve month low of $4.69 and a twelve month high of $12.07.

ARC Resources (OTCMKTS:AETUF) last released its quarterly earnings data on Tuesday, April 30th. The energy company reported ($0.11) EPS for the quarter. The company had revenue of $247.69 million during the quarter. ARC Resources had a return on equity of 0.35% and a net margin of 0.78%.

About ARC Resources

ARC Resources Ltd., together with its subsidiaries, acquires, develops, and holds interest in petroleum and natural gas properties and assets in Canada. The company holds interests in the Montney properties located in northeast British Columbia and northern Alberta; and Cardium properties in the Pembina area of Alberta.

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