Arc Resources Ltd. (OTCMKTS:AETUF) Receives Consensus Rating of “Moderate Buy” from Brokerages

Arc Resources Ltd. (OTCMKTS:AETUF) has been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are currently covering the firm, MarketBeat Ratings 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.

Several analysts have recently weighed in on the company. National Bank Financial downgraded Arc Resources from an “outperform” rating to a “sector perform” rating in a research note on Friday, February 6th. UBS Group cut Arc Resources from a “buy” rating to a “hold” rating in a research note on Friday, December 12th. Raymond James Financial downgraded Arc Resources from a “moderate buy” rating to a “hold” rating in a report on Friday, February 6th. Canadian Imperial Bank of Commerce downgraded Arc Resources from an “outperform” rating to a “hold” rating in a report on Friday, February 6th. Finally, Zacks Research raised Arc Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 17th.

Arc Resources Price Performance

Shares of AETUF stock opened at $21.14 on Monday. The firm has a fifty day simple moving average of $18.50 and a 200-day simple moving average of $18.33. The company has a market capitalization of $12.07 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 1.32 and a beta of 0.26. Arc Resources has a twelve month low of $15.05 and a twelve month high of $23.86. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.29.

Arc Resources (OTCMKTS:AETUF) last released 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 net margin of 22.03% and a return on equity of 15.49%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.07 billion. Equities research analysts anticipate 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.