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

Arc Resources (OTCMKTS:AETUF) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Canadian Imperial Bank of Commerce lowered shares of Arc Resources from an “outperform” rating to a “hold” rating in a report on Friday, February 6th. UBS Group cut Arc Resources from a “buy” rating to a “hold” rating in a research note on Friday, December 12th. National Bank Financial cut Arc Resources from an “outperform” rating to a “sector perform” rating in a research note on Friday, February 6th. Raymond James Financial cut shares of Arc Resources from a “moderate buy” rating to a “hold” rating in a report on Friday, February 6th. Finally, Roth Mkm assumed coverage on shares of Arc Resources in a research report on Friday, December 19th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Arc Resources Price Performance

OTCMKTS:AETUF opened at $17.77 on Tuesday. The company has a current ratio of 0.54, a quick ratio of 0.53 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average of $18.08 and a two-hundred day moving average of $18.36. The firm has a market cap of $10.15 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 1.31 and a beta of 0.29. Arc Resources has a 12 month low of $15.05 and a 12 month high of $23.86.

Arc Resources (OTCMKTS:AETUF) last issued its earnings results on Thursday, February 5th. The energy company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Arc Resources had a return on equity of 15.52% and a net margin of 22.03%. On average, analysts expect that Arc Resources will post 2.23 earnings per share 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.