Arc Resources (OTCMKTS:AETUF) Downgraded by Cibc Captl Mkts to Hold

Arc Resources (OTCMKTS:AETUF) was downgraded by Cibc Captl Mkts from a “strong-buy” rating to a “hold” rating in a research report issued on Friday,Zacks.com reports.

A number of other analysts have also recently commented on the stock. UBS Group cut shares of Arc Resources from a “buy” rating to a “hold” rating in a research report on Friday, December 12th. Canadian Imperial Bank of Commerce downgraded Arc Resources from an “outperform” rating to a “neutral” rating in a research note on Friday. National Bankshares cut Arc Resources from an “outperform” rating to a “sector perform” rating in a research note on Friday. Zacks Research cut Arc Resources from a “hold” rating to a “strong sell” rating in a report on Friday, December 19th. Finally, Raymond James Financial downgraded shares of Arc Resources from an “outperform” rating to a “market perform” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Arc Resources currently has an average rating of “Hold”.

Arc Resources Stock Down 10.0%

Arc Resources stock opened at $16.71 on Friday. The firm has a market cap of $9.55 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 1.37 and a beta of 0.29. Arc Resources has a 52-week low of $15.05 and a 52-week high of $23.86. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.53 and a current ratio of 0.54. The firm has a 50 day moving average price of $18.28 and a two-hundred day moving average price of $18.49.

Arc Resources (OTCMKTS:AETUF) last issued its quarterly earnings results on Thursday, February 5th. The energy company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. Arc Resources had a net margin of 22.03% and a return on equity of 15.52%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.07 billion. Equities 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.