ARC Resources Ltd. (OTCMKTS:AETUF) Receives Average Recommendation of “Buy” from Analysts

ARC Resources Ltd. (OTCMKTS:AETUF) has been given an average recommendation of “Buy” by the nine analysts that are presently covering the stock, Marketbeat reports. Nine investment analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have issued a report on the stock in the last year is $14.25.

Several analysts have recently commented on the stock. National Bank Financial lowered their price target on shares of ARC Resources from C$15.00 to C$13.50 and set an “outperform” rating on the stock in a research report on Monday, July 19th. CIBC increased their price target on shares of ARC Resources from C$12.00 to C$14.00 and gave the company an “outperform” rating in a research report on Wednesday, July 14th. Scotiabank increased their price target on shares of ARC Resources from C$15.00 to C$19.00 and gave the company an “outperform” rating in a research report on Thursday, July 15th. Stifel Nicolaus increased their price target on shares of ARC Resources from C$17.00 to C$18.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Canaccord Genuity increased their price target on shares of ARC Resources from C$15.00 to C$16.00 and gave the company a “buy” rating in a research report on Wednesday, September 15th.

AETUF stock traded up $0.21 during trading on Monday, hitting $8.79. The stock had a trading volume of 49,000 shares, compared to its average volume of 66,923. ARC Resources has a twelve month low of $4.10 and a twelve month high of $9.10. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.38 and a quick ratio of 0.38. The stock has a market capitalization of $6.37 billion, a P/E ratio of 23.76 and a beta of 1.86. The company’s 50-day moving average price is $7.26 and its two-hundred day moving average price is $7.19.

ARC Resources (OTCMKTS:AETUF) last issued its earnings results on Thursday, July 29th. The energy company reported ($0.13) earnings per share (EPS) for the quarter. ARC Resources had a net margin of 4.37% and a return on equity of 2.49%. The company had revenue of $1 billion during the quarter.

About ARC Resources

ARC Resources Ltd. engages in the exploration, development and production of crude oil and natural gas. Its projects include Montney operations in northeast British Columbia, and the Pembina Cardium in Alberta. The company was founded by John Patrick Dielwart and Mac H. van Wielingen in 1996 and is headquartered in Calgary, Canada.

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Analyst Recommendations for ARC Resources (OTCMKTS:AETUF)

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