Arc Resources (OTCMKTS:AETUF) Rating Lowered to Hold at Zacks Research

Arc Resources (OTCMKTS:AETUF) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the company. National Bank Financial downgraded Arc Resources from an “outperform” rating to a “sector perform” rating in a research report on Friday, February 6th. BMO Capital Markets downgraded Arc Resources from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 28th. Canaccord Genuity Group lowered Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Canadian Imperial Bank of Commerce cut Arc Resources from an “outperform” rating to a “hold” rating in a research note on Friday, February 6th. Finally, Jefferies Financial Group lowered Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Arc Resources Stock Down 0.5%

Arc Resources stock opened at $22.64 on Monday. Arc Resources has a 52 week low of $15.50 and a 52 week high of $23.86. The stock has a market cap of $12.82 billion, a price-to-earnings ratio of 12.37 and a beta of 0.28. The company’s 50-day moving average price is $21.01 and its two-hundred day moving average price is $19.20. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.29.

Arc Resources (OTCMKTS:AETUF) last issued its quarterly 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 company 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%. On average, analysts expect that Arc Resources will post 2.04 EPS for the current fiscal 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.