Arc Resources Ltd. (OTCMKTS:AETUF) Given Consensus Rating of “Moderate Buy” by Analysts

Arc Resources Ltd. (OTCMKTS:AETUF) has earned a consensus rating of “Moderate Buy” from the twelve research firms that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

Several brokerages recently commented on AETUF. Canadian Imperial Bank of Commerce cut Arc Resources from an “outperform” rating to a “hold” rating in a research report on Friday, February 6th. Scotiabank cut shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Raymond James Financial downgraded shares of Arc Resources from a “moderate buy” rating to a “hold” rating in a report on Friday, February 6th. UBS Group cut shares of Arc Resources from a “buy” rating to a “hold” rating in a research note on Friday, December 12th. Finally, Roth Mkm assumed coverage on shares of Arc Resources in a research report on Friday, December 19th. They issued a “buy” rating for the company.

Arc Resources Trading Down 0.4%

Shares of AETUF opened at $18.01 on Thursday. The stock’s 50-day moving average price is $18.03 and its 200 day moving average price is $18.30. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $10.29 billion, a price-to-earnings ratio of 11.55, a P/E/G ratio of 1.32 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 announced its quarterly earnings data on Thursday, February 5th. The energy company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.07 billion. Arc Resources had a return on equity of 15.49% and a net margin of 22.03%. As a group, research analysts predict 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.