Arc Resources (OTCMKTS:AETUF) Downgraded to “Hold” Rating by Cibc Captl Mkts

Cibc Captl Mkts downgraded shares of Arc Resources (OTCMKTS:AETUF) from a strong-buy rating to a hold rating in a report published on Friday morning,Zacks.com reports.

A number of other research firms have also recently weighed in on AETUF. Cantor Fitzgerald started coverage on shares of Arc Resources in a research note on Monday, October 27th. They issued an “overweight” rating on the stock. Capital One Financial upgraded shares of Arc Resources to a “strong-buy” rating in a research report on Monday, October 27th. National Bankshares lowered Arc Resources from an “outperform” rating to a “sector perform” rating in a research note on Friday. UBS Group lowered shares of Arc Resources from a “buy” rating to a “hold” rating in a report on Friday, December 12th. Finally, Roth Mkm assumed coverage on Arc Resources in a report on Friday, December 19th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Arc Resources presently has a consensus rating of “Hold”.

Arc Resources Stock Performance

OTCMKTS AETUF opened at $16.71 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.53 and a debt-to-equity ratio of 0.28. Arc Resources has a 12-month low of $15.05 and a 12-month high of $23.86. The company has a market cap of $9.55 billion, a P/E ratio of 10.71, a PEG ratio of 1.37 and a beta of 0.29. The company has a fifty day simple moving average of $18.28 and a 200 day simple moving average of $18.49.

Arc Resources (OTCMKTS:AETUF) last issued 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. Arc Resources had a return on equity of 15.52% and a net margin of 22.03%.The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Sell-side analysts predict that Arc Resources will post 2.23 earnings per share for the current fiscal year.

About Arc Resources

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.