Arc Resources (OTCMKTS:AETUF) Sees Unusually-High Trading Volume – Time to Buy?

Arc Resources Ltd. (OTCMKTS:AETUF) shares saw unusually-strong trading volume on Thursday . 355,845 shares traded hands during trading, an increase of 111% from the previous session’s volume of 168,869 shares.The stock last traded at $23.94 and had previously closed at $24.2503.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AETUF shares. Zacks Research upgraded Arc Resources from a “strong sell” rating to a “hold” rating in a report on Friday, August 21st. Royal Bank Of Canada reissued an “outperform” rating on shares of Arc Resources in a research report on Wednesday, July 15th. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Arc Resources has an average rating of “Hold”.

Arc Resources Stock Down 0.4%

The firm has a 50-day simple moving average of $22.82 and a 200 day simple moving average of $21.39. The company has a market capitalization of $13.57 billion, a PE ratio of 13.39 and a beta of 0.26. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.88 and a quick ratio of 0.85.

Arc Resources (OTCMKTS:AETUF) last issued its earnings results on Thursday, July 30th. The energy company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.03). Arc Resources had a return on equity of 16.67% and a net margin of 19.75%.The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.18 billion. On average, research analysts predict that Arc Resources Ltd. will post 1.68 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.