Arc Resources Ltd. (OTCMKTS:AETUF) Short Interest Update

Arc Resources Ltd. (OTCMKTS:AETUF) saw a large drop in short interest in April. As of April 30th, there was short interest totaling 2,779,724 shares, a drop of 76.4% from the April 15th total of 11,765,513 shares. Based on an average daily trading volume, of 613,207 shares, the days-to-cover ratio is currently 4.5 days. Approximately 0.5% of the company’s shares are sold short.

Arc Resources Trading Down 0.4%

OTCMKTS:AETUF opened at $22.49 on Thursday. Arc Resources has a one year low of $15.50 and a one year high of $23.86. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.69 and a current ratio of 0.70. The firm has a market cap of $12.73 billion, a P/E ratio of 12.29, a P/E/G ratio of 0.65 and a beta of 0.28. The firm has a 50-day simple moving average of $20.41 and a 200-day simple moving average of $18.91.

Arc Resources (OTCMKTS:AETUF) last posted its quarterly earnings results on Tuesday, April 28th. The energy company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.50 by $0.25. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.14 billion. Arc Resources had a net margin of 22.77% and a return on equity of 17.70%. Equities analysts anticipate that Arc Resources will post 2.04 EPS for the current fiscal year.

Analyst Ratings Changes

AETUF has been the subject of several recent research reports. Zacks Research upgraded shares of Arc Resources from a “hold” rating to a “strong-buy” rating in a report on Monday, April 6th. National Bank Financial lowered shares of Arc Resources from an “outperform” rating to a “sector perform” rating in a report on Friday, February 6th. TD Securities lowered shares of Arc Resources from a “buy” rating to a “sell” rating in a report on Monday, April 27th. BMO Capital Markets lowered shares of Arc Resources from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 28th. Finally, Raymond James Financial lowered shares of Arc Resources from a “moderate buy” rating to a “hold” rating in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Arc Resources currently has an average rating of “Hold”.

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.