Arc Resources (OTCMKTS:AETUF) Rating Increased to Hold at Scotiabank

Scotiabank upgraded shares of Arc Resources (OTCMKTS:AETUF) to a hold rating in a report released on Wednesday morning,Zacks.com reports.

Several other analysts also recently issued reports on AETUF. Zacks Research raised shares of Arc Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 17th. Canadian Imperial Bank of Commerce cut Arc Resources from an “outperform” rating to a “hold” rating in a research report on Friday, February 6th. Roth Mkm started coverage on Arc Resources in a report on Friday, December 19th. They set a “buy” rating on the stock. UBS Group downgraded Arc Resources from a “buy” rating to a “hold” rating in a research note on Friday, December 12th. Finally, Raymond James Financial lowered Arc Resources from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Arc Resources Stock Performance

Shares of AETUF opened at $19.54 on Wednesday. The company has a 50-day moving average of $19.08 and a two-hundred day moving average of $18.49. The stock has a market cap of $11.11 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 1.04 and a beta of 0.20. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.70 and a quick ratio of 0.69. Arc Resources has a one year low of $15.05 and a one year high of $23.86.

Arc Resources (OTCMKTS:AETUF) last released its quarterly earnings results on Thursday, February 5th. The energy company reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. Arc Resources had a net margin of 22.03% and a return on equity of 15.49%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.07 billion. On average, equities research analysts expect that Arc Resources will post 2.23 earnings per share for the current year.

About Arc Resources

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.