Arc Resources (OTCMKTS:AETUF) Lowered to Hold Rating by Natl Bk Canada

Arc Resources (OTCMKTS:AETUF) was downgraded by stock analysts at Natl Bk Canada from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

A number of other equities analysts have also issued reports on AETUF. Roth Mkm started coverage on Arc Resources in a research note on Friday, December 19th. They issued a “buy” rating for the company. National Bankshares lowered Arc Resources from an “outperform” rating to a “sector perform” rating in a report on Friday. Cantor Fitzgerald initiated coverage on Arc Resources in a research note on Monday, October 27th. They issued an “overweight” rating for the company. Scotiabank lowered Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Finally, UBS Group downgraded shares of Arc Resources from a “buy” rating to a “hold” rating in a report on Friday, December 12th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Arc Resources Stock Down 10.0%

AETUF stock opened at $16.71 on Friday. The stock has a market capitalization of $9.55 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 1.37 and a beta of 0.29. Arc Resources has a 52 week low of $15.05 and a 52 week high of $23.86. The company has a quick ratio of 0.53, a current ratio of 0.54 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $18.28 and a 200 day moving average of $18.49.

Arc Resources (OTCMKTS:AETUF) last posted its quarterly earnings results on Thursday, February 5th. The energy company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. Arc Resources had a net margin of 22.03% and a return on equity of 15.52%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Sell-side analysts forecast that Arc Resources will post 2.23 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.