Arc Resources (OTCMKTS:AETUF) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Arc Resources Ltd. (OTCMKTS:AETUF) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $18.17 and traded as high as $20.80. Arc Resources shares last traded at $20.07, with a volume of 56,391 shares trading hands.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. National Bank Financial lowered Arc Resources from an “outperform” rating to a “sector perform” rating in a report on Friday, February 6th. Canadian Imperial Bank of Commerce lowered Arc Resources from an “outperform” rating to a “hold” rating in a research report on Friday, February 6th. Zacks Research upgraded Arc Resources from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 17th. Raymond James Financial lowered Arc Resources from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 6th. Finally, Roth Mkm initiated coverage on Arc Resources in a research note on Friday, December 19th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Arc Resources currently has a consensus rating of “Moderate Buy”.

Arc Resources Price Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 0.70 and a quick ratio of 0.69. The company has a fifty day moving average price of $18.17 and a 200 day moving average price of $18.29. The company has a market capitalization of $11.46 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 1.50 and a beta of 0.26.

Arc Resources (OTCMKTS:AETUF) last announced its quarterly 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. Arc Resources had a return on equity of 15.49% and a net margin of 22.03%.The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.07 billion. On average, sell-side analysts forecast that Arc Resources Ltd. will post 2.23 EPS 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.