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

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) have received an average rating of “Hold” from the fourteen research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company.

Several equities analysts recently issued reports on AETUF shares. Scotiabank restated a “sector perform” rating on shares of Arc Resources in a research report on Wednesday, April 29th. Jefferies Financial Group downgraded Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 29th. Canaccord Genuity Group cut shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. TD Securities lowered shares of Arc Resources from a “buy” rating to a “sell” rating in a report on Monday, April 27th. Finally, Capital One Financial lowered shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th.

Arc Resources Price Performance

OTCMKTS:AETUF opened at $23.15 on Friday. Arc Resources has a 52-week low of $15.50 and a 52-week high of $23.79. The stock has a fifty day moving average of $22.24 and a 200 day moving average of $20.35. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.85 and a current ratio of 0.87. The firm has a market capitalization of $13.11 billion, a price-to-earnings ratio of 12.65 and a beta of 0.26.

Arc Resources (OTCMKTS:AETUF) last announced its earnings results on Tuesday, April 28th. The energy company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.25. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.14 billion. Arc Resources had a return on equity of 17.47% and a net margin of 22.77%. On average, research analysts expect that Arc Resources will post 1.67 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.