Arc Resources (OTCMKTS:AETUF) Sees Unusually-High Trading Volume – Still a Buy?

Arc Resources Ltd. (OTCMKTS:AETUF) shares saw strong trading volume on Thursday . 106,477 shares traded hands during mid-day trading, a decline of 43% from the previous session’s volume of 187,286 shares.The stock last traded at $23.3501 and had previously closed at $23.06.

Analyst Ratings Changes

A number of brokerages recently issued reports on AETUF. TD Securities lowered shares of Arc Resources from a “buy” rating to a “sell” rating in a report on Monday, April 27th. Royal Bank Of Canada restated an “outperform” rating on shares of Arc Resources in a research report on Wednesday, July 15th. Jefferies Financial Group downgraded shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 29th. Capital One Financial lowered shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Zacks Research cut shares of Arc Resources from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Arc Resources Stock Performance

The stock has a 50 day moving average of $22.22 and a 200 day moving average of $20.30. The company has a market capitalization of $13.16 billion, a price-to-earnings ratio of 12.70 and a beta of 0.26. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 0.32.

Arc Resources (OTCMKTS:AETUF) last released its earnings results on Tuesday, April 28th. The energy company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.25. Arc Resources had a net margin of 22.77% and a return on equity of 17.47%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.14 billion. As a group, analysts predict that Arc Resources Ltd. will post 1.67 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.