Zacks Research Downgrades Arc Resources (OTCMKTS:AETUF) to Strong Sell

Arc Resources (OTCMKTS:AETUF) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. TD Securities downgraded shares of Arc Resources from a “buy” rating to a “sell” rating in a research report on Monday, April 27th. Scotiabank reaffirmed a “sector perform” rating on shares of Arc Resources in a research report on Wednesday, April 29th. Jefferies Financial Group downgraded 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 note on Tuesday, April 28th. Finally, BMO Capital Markets lowered shares of Arc Resources from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 28th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold”.

Arc Resources Price Performance

Shares of Arc Resources stock opened at $21.96 on Tuesday. The business’s fifty day moving average price is $22.29 and its 200 day moving average price is $20.03. Arc Resources has a twelve month low of $15.50 and a twelve month high of $23.79. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $12.44 billion, a P/E ratio of 12.00 and a beta of 0.26.

Arc Resources (OTCMKTS:AETUF) last announced its quarterly earnings results on Tuesday, April 28th. The energy company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.50 by $0.25. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.14 billion. Arc Resources had a return on equity of 17.70% and a net margin of 22.77%. As a group, research analysts anticipate that Arc Resources will post 1.78 earnings per share for the current year.

Arc Resources Company Profile

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.