Arc Resources Ltd. (OTCMKTS:AETUF) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) have received a consensus rating of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company.

A number of brokerages have recently commented on AETUF. UBS Group lowered shares of Arc Resources from a “buy” rating to a “hold” rating in a report on Friday, December 12th. Cantor Fitzgerald initiated coverage on Arc Resources in a report on Monday, October 27th. They set an “overweight” rating on the stock. Scotiabank cut Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Roth Mkm began coverage on Arc Resources in a research note on Friday, December 19th. They issued a “buy” rating on the stock. Finally, Zacks Research cut Arc Resources from a “hold” rating to a “strong sell” rating in a report on Friday, December 19th.

Arc Resources Stock Performance

OTCMKTS:AETUF opened at $18.59 on Friday. The stock’s 50-day moving average is $18.22 and its 200-day moving average is $18.53. Arc Resources has a 1-year low of $15.05 and a 1-year high of $23.86. 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 market cap of $10.62 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 1.76 and a beta of 0.30.

Arc Resources (OTCMKTS:AETUF) last posted its earnings results on Thursday, November 6th. The energy company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.14). Arc Resources had a return on equity of 16.90% and a net margin of 25.94%.The business had revenue of $889.86 million for the quarter, compared to analyst estimates of $1.05 billion. Equities research analysts anticipate 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.