ARC Resources Ltd. (OTCMKTS:AETUF) shares crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.88 and traded as low as $4.68. ARC Resources shares last traded at $4.68, with a volume of 5,875 shares.

AETUF has been the subject of a number of recent research reports. CIBC boosted their price objective on ARC Resources from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday, November 6th. Canaccord Genuity boosted their price objective on ARC Resources from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Friday, November 6th. BMO Capital Markets boosted their price objective on ARC Resources from $7.50 to $9.00 and gave the stock an “outperform” rating in a report on Friday, November 6th. Royal Bank of Canada boosted their target price on ARC Resources from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Friday, November 6th. Finally, Scotiabank boosted their target price on ARC Resources from $8.00 to $8.50 and gave the stock a “sector perform” rating in a research note on Tuesday, October 13th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $9.19.

The company has a quick ratio of 0.61, a current ratio of 0.61 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average of $4.88 and a 200 day moving average of $4.37. The firm has a market cap of $1.65 billion, a PE ratio of -3.27 and a beta of 1.88.

About ARC Resources (OTCMKTS:AETUF)

ARC Resources Ltd., together with its subsidiaries, acquires, develops, and holds interest in petroleum and natural gas properties and assets in Canada. The company holds interests in the Montney properties located in northeast British Columbia and northern Alberta; and Cardium properties in the Pembina area of Alberta.

See Also: How to Use a Moving Average for TradingĀ 

Receive News & Ratings for ARC Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARC Resources and related companies with MarketBeat.com's FREE daily email newsletter.