Arc Resources (OTCMKTS:AETUF) Cut to “Strong Sell” at Zacks Research

Arc Resources (OTCMKTS:AETUF) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. 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. Scotiabank reiterated a “sector perform” rating on shares of Arc Resources in a report on Wednesday, April 29th. BMO Capital Markets cut Arc Resources from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 28th. TD Securities lowered Arc Resources from a “buy” rating to a “sell” rating in a research report on Monday, April 27th. Finally, Capital One Financial cut Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 28th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Arc Resources Price Performance

AETUF stock opened at $21.96 on Tuesday. The stock has a 50-day moving average price of $22.29 and a two-hundred day moving average price of $20.03. Arc Resources has a 1 year low of $15.50 and a 1 year high of $23.79. The stock has a market cap of $12.44 billion, a PE ratio of 12.00 and a beta of 0.26. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.29.

Arc Resources (OTCMKTS:AETUF) last posted its quarterly earnings data on Tuesday, April 28th. The energy company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.25. Arc Resources had a return on equity of 17.70% and a net margin of 22.77%.The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.14 billion. Equities analysts forecast that Arc Resources will post 1.78 EPS for the current fiscal 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.