Zacks Research Upgrades Arc Resources (OTCMKTS:AETUF) to Strong-Buy

Arc Resources (OTCMKTS:AETUF) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other analysts have also recently weighed in on AETUF. UBS Group cut shares of Arc Resources from a “buy” rating to a “hold” rating in a research note on Friday, December 12th. Scotiabank upgraded shares of Arc Resources to a “hold” rating in a research note on Wednesday, April 1st. Roth Mkm began coverage on shares of Arc Resources in a research note on Friday, December 19th. They issued a “buy” rating for the company. National Bank Financial cut shares of Arc Resources from an “outperform” rating to a “sector perform” rating in a research note on Friday, February 6th. Finally, Raymond James Financial cut shares of Arc Resources from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Arc Resources Stock Up 1.1%

Shares of OTCMKTS:AETUF opened at $20.00 on Monday. The stock has a market cap of $11.37 billion, a P/E ratio of 12.82, a P/E/G ratio of 1.00 and a beta of 0.20. The firm has a fifty day moving average price of $19.21 and a 200 day moving average price of $18.55. 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 1-year low of $15.05 and a 1-year high of $23.86.

Arc Resources (OTCMKTS:AETUF) last issued its quarterly earnings results on Thursday, February 5th. The energy company reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Arc Resources had a net margin of 22.03% and a return on equity of 15.49%. Sell-side analysts predict that Arc Resources will post 2.23 EPS 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.