Arc Resources Ltd. (OTCMKTS:AETUF) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) have been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

AETUF has been the subject of several analyst reports. Cantor Fitzgerald started coverage on shares of Arc Resources in a research note on Monday, October 27th. They issued an “overweight” rating for the company. Zacks Research raised shares of Arc Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 17th. Capital One Financial upgraded Arc Resources to a “strong-buy” rating in a research note on Monday, October 27th. UBS Group lowered Arc Resources from a “buy” rating to a “hold” rating in a research report on Friday, December 12th. Finally, Roth Mkm assumed coverage on Arc Resources in a report on Friday, December 19th. They issued a “buy” rating for the company.

Arc Resources Stock Performance

Shares of OTCMKTS:AETUF opened at $18.32 on Thursday. The business’s 50-day simple moving average is $18.05 and its 200 day simple moving average is $18.34. The company has a market cap of $10.46 billion, a P/E ratio of 11.74, a PEG ratio of 1.33 and a beta of 0.29. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.53 and a current ratio of 0.70. Arc Resources has a one year low of $15.05 and a one year high of $23.86.

Arc Resources (OTCMKTS:AETUF) last released its quarterly earnings results on Thursday, February 5th. The energy company reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Arc Resources had a return on equity of 15.49% and a net margin of 22.03%. On average, sell-side analysts forecast that Arc Resources will post 2.23 earnings per share for the current fiscal 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.