Arc Resources (OTCMKTS:AETUF) Downgraded by Zacks Research to “Strong Sell”

Zacks Research lowered shares of Arc Resources (OTCMKTS:AETUF) from a hold rating to a strong sell rating in a research report sent to investors on Tuesday,Zacks.com reports.

Several other brokerages have also commented on AETUF. Jefferies Financial Group lowered shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 29th. Canaccord Genuity Group downgraded shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. TD Securities cut shares of Arc Resources from a “buy” rating to a “sell” rating in a report on Monday, April 27th. Capital One Financial downgraded shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Arc Resources in a research note on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Arc Resources presently has a consensus rating of “Hold”.

Arc Resources Stock Up 0.6%

Shares of OTCMKTS AETUF opened at $21.96 on Tuesday. The company has a market capitalization of $12.44 billion, a price-to-earnings ratio of 12.00 and a beta of 0.26. 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 business has a 50-day moving average of $22.29 and a two-hundred day moving average of $20.03. Arc Resources has a 1 year low of $15.50 and a 1 year high of $23.79.

Arc Resources (OTCMKTS:AETUF) last released its quarterly earnings data on Tuesday, April 28th. The energy company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.25. Arc Resources had a return on equity of 17.70% and a net margin of 22.77%.The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.14 billion. On average, analysts forecast that Arc Resources will post 1.78 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.