Arc Resources Ltd. (OTCMKTS:AETUF) Given Consensus Recommendation of “Hold” by Brokerages

Arc Resources Ltd. (OTCMKTS:AETUF) has received a consensus rating of “Hold” from the thirteen research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and two have issued a buy recommendation on the company.

AETUF has been the topic of several recent analyst reports. Capital One Financial lowered Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Raymond James Financial lowered Arc Resources from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 6th. TD Securities lowered Arc Resources from a “buy” rating to a “sell” rating in a research note on Monday, April 27th. National Bank Financial lowered Arc Resources from an “outperform” rating to a “sector perform” rating in a research note on Friday, February 6th. Finally, Canaccord Genuity Group lowered Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th.

Arc Resources Stock Performance

Shares of Arc Resources stock opened at $22.74 on Friday. Arc Resources has a 52 week low of $15.50 and a 52 week high of $23.86. The business’s fifty day simple moving average is $21.31 and its 200-day simple moving average is $19.49. The firm has a market cap of $12.88 billion, a PE ratio of 12.43 and a beta of 0.25. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.29.

Arc Resources (OTCMKTS:AETUF) last announced 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. 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 analyst estimates of $1.14 billion. Equities analysts forecast that Arc Resources will post 2.04 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.