Arc Resources (OTCMKTS:AETUF) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Arc Resources Ltd. (OTCMKTS:AETUF) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $22.12 and traded as low as $20.13. Arc Resources shares last traded at $20.75, with a volume of 5,219 shares changing hands.

Analyst Upgrades and Downgrades

AETUF has been the topic of a number of recent research reports. Scotiabank restated a “sector perform” rating on shares of Arc Resources in a research note on Wednesday, April 29th. Zacks Research lowered Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Capital One Financial downgraded Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. BMO Capital Markets lowered Arc Resources from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 28th. Finally, TD Securities cut Arc Resources from a “buy” rating to a “sell” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Arc Resources Price Performance

The stock has a market cap of $11.75 billion, a PE ratio of 11.34 and a beta of 0.26. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.29. The company’s 50 day moving average is $22.12 and its 200-day moving average is $19.93.

Arc Resources (OTCMKTS:AETUF) last posted its quarterly earnings data on Tuesday, April 28th. The energy company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.25. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Arc Resources had a net margin of 22.77% and a return on equity of 17.70%. As a group, sell-side analysts predict that Arc Resources Ltd. will post 2.04 earnings per share for the current 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.