Zacks Research Upgrades Arc Resources (OTCMKTS:AETUF) to “Hold”

Arc Resources (OTCMKTS:AETUF) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other brokerages have also recently issued reports on AETUF. UBS Group cut shares of Arc Resources from a “buy” rating to a “hold” rating in a report on Friday, December 12th. Roth Mkm started coverage on Arc Resources in a research report on Friday, December 19th. They issued a “buy” rating for the company. Scotiabank lowered Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Capital One Financial upgraded Arc Resources to a “strong-buy” rating in a research note on Monday, October 27th. Finally, Canadian Imperial Bank of Commerce downgraded Arc Resources from an “outperform” rating to a “hold” rating in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Arc Resources Stock Performance

Shares of AETUF opened at $17.77 on Tuesday. The firm has a fifty day simple moving average of $18.08 and a 200 day simple moving average of $18.36. Arc Resources has a 12 month low of $15.05 and a 12 month high of $23.86. The company has a current ratio of 0.54, a quick ratio of 0.53 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $10.15 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 1.31 and a beta of 0.29.

Arc Resources (OTCMKTS:AETUF) last released its earnings results on Thursday, February 5th. The energy company reported $0.32 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.07 billion. Arc Resources had a return on equity of 15.52% and a net margin of 22.03%. Research analysts forecast that Arc Resources 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.