Arc Resources (OTCMKTS:AETUF) Shares Gap Down – Here’s What Happened

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) gapped down prior to trading on Thursday . The stock had previously closed at $16.82, but opened at $16.00. Arc Resources shares last traded at $16.8390, with a volume of 25,036 shares trading hands.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Zacks Research downgraded Arc Resources from a “hold” rating to a “strong sell” rating in a research report on Friday, December 19th. Scotiabank cut shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. TD Securities reissued a “buy” rating on shares of Arc Resources in a research note on Tuesday, September 30th. Capital One Financial raised Arc Resources to a “strong-buy” rating in a research report on Monday, October 27th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Arc Resources in a research note on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Arc Resources currently has a consensus rating of “Moderate Buy”.

Arc Resources Price Performance

The company has a 50 day simple moving average of $18.25 and a 200 day simple moving average of $18.88. The company has a market capitalization of $9.56 billion, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of 0.95 and a beta of 0.30. The company has a quick ratio of 0.53, a current ratio of 0.54 and a debt-to-equity ratio of 0.28.

Arc Resources (OTCMKTS:AETUF) last announced its quarterly earnings results on Thursday, November 6th. The energy company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.14). The business had revenue of $889.86 million for the quarter, compared to analyst estimates of $1.05 billion. Arc Resources had a net margin of 25.94% and a return on equity of 16.90%. As a group, research analysts predict that Arc Resources Ltd. will post 2.23 EPS 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.