Arc Resources (OTCMKTS:AETUF) Rating Lowered to “Hold” at Natl Bk Canada

Arc Resources (OTCMKTS:AETUF) was downgraded by investment analysts at Natl Bk Canada from a “strong-buy” rating to a “hold” rating in a note issued to investors on Friday,Zacks.com reports.

AETUF has been the topic of a number of other reports. Cibc Captl Mkts downgraded shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday. Scotiabank lowered Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Roth Mkm began coverage on Arc Resources in a report on Friday, December 19th. They set a “buy” rating on the stock. Capital One Financial raised Arc Resources to a “strong-buy” rating in a research report on Monday, October 27th. Finally, UBS Group downgraded Arc Resources from a “buy” rating to a “hold” rating in a research report on Friday, December 12th. One 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Arc Resources Stock Performance

AETUF stock opened at $16.71 on Friday. Arc Resources has a twelve month low of $15.05 and a twelve month high of $23.86. The firm has a market cap of $9.55 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 1.37 and a beta of 0.29. The business’s fifty day simple moving average is $18.28 and its two-hundred day simple moving average is $18.49. 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 issued its earnings results 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 during the quarter, compared to analyst estimates of $1.07 billion. Arc Resources had a net margin of 22.03% and a return on equity of 15.52%. Analysts predict that Arc Resources will post 2.23 earnings per share for the current 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.