Arc Resources (OTCMKTS:AETUF) Shares Cross Below 50 Day Moving Average – What’s Next?

Arc Resources Ltd. (OTCMKTS:AETUF)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $18.08 and traded as low as $17.75. Arc Resources shares last traded at $17.77, with a volume of 52,188 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Capital One Financial raised shares of Arc Resources to a “strong-buy” rating in a research note on Monday, October 27th. Raymond James Financial lowered shares of Arc Resources from a “moderate buy” rating to a “hold” rating in a report on Friday, February 6th. Canadian Imperial Bank of Commerce downgraded shares of Arc Resources from an “outperform” rating to a “hold” rating in a research note on Friday, February 6th. Scotiabank lowered shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Finally, National Bank Financial downgraded Arc Resources from an “outperform” rating to a “sector perform” rating in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Arc Resources has a consensus rating of “Moderate Buy”.

Arc Resources Stock Down 1.6%

The firm has a market cap of $10.15 billion, a PE ratio of 11.39, a PEG ratio of 1.31 and a beta of 0.29. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.53 and a current ratio of 0.54. The company’s 50-day simple moving average is $18.08 and its two-hundred day simple moving average is $18.36.

Arc Resources (OTCMKTS:AETUF) last released its quarterly earnings data on Thursday, February 5th. The energy company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Arc Resources had a net margin of 22.03% and a return on equity of 15.52%. On average, analysts predict that Arc Resources Ltd. will post 2.23 earnings per share 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.