Arc Resources (OTCMKTS:AETUF) Shares Gap Up – What’s Next?

Arc Resources Ltd. (OTCMKTS:AETUF) shares gapped up prior to trading on Wednesday . The stock had previously closed at $17.39, but opened at $18.42. Arc Resources shares last traded at $17.27, with a volume of 10,955 shares trading hands.

Wall Street Analysts Forecast Growth

AETUF has been the topic of a number of recent analyst reports. Cantor Fitzgerald began coverage on shares of Arc Resources in a report on Monday, October 27th. They issued an “overweight” rating on the stock. Natl Bk Canada downgraded shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. Roth Mkm began coverage on Arc Resources in a research report on Friday, December 19th. They set a “buy” rating on the stock. National Bankshares lowered Arc Resources from an “outperform” rating to a “sector perform” rating in a report on Friday, February 6th. Finally, Raymond James Financial downgraded Arc Resources from an “outperform” rating to a “market perform” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.

Arc Resources Stock Up 1.3%

The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.53. The business’s fifty day moving average price is $18.24 and its two-hundred day moving average price is $18.44. The stock has a market capitalization of $10.06 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 1.24 and a beta of 0.29.

Arc Resources (OTCMKTS:AETUF) last posted its quarterly earnings results 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 the consensus estimate of $1.07 billion. On average, equities research analysts forecast that Arc Resources Ltd. will post 2.23 EPS for the current fiscal 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.