Arc Resources (OTCMKTS:AETUF) Shares Gap Up – Still a Buy?

Arc Resources Ltd. (OTCMKTS:AETUF)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $20.9601, but opened at $21.99. Arc Resources shares last traded at $20.9625, with a volume of 4,552 shares changing hands.

Analyst Upgrades and Downgrades

AETUF has been the subject of several analyst reports. Raymond James Financial downgraded Arc Resources from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 6th. UBS Group lowered Arc Resources from a “buy” rating to a “hold” rating in a research report on Friday, December 12th. Canadian Imperial Bank of Commerce cut Arc Resources from an “outperform” rating to a “hold” rating in a report on Friday, February 6th. National Bank Financial downgraded shares of Arc Resources from an “outperform” rating to a “sector perform” rating in a research report on Friday, February 6th. Finally, Zacks Research upgraded shares of Arc Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Arc Resources Trading Up 0.8%

The business’s 50-day simple moving average is $18.41 and its two-hundred day simple moving average is $18.33. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $12.06 billion, a PE ratio of 13.54, a PEG ratio of 1.27 and a beta of 0.26.

Arc Resources (OTCMKTS:AETUF) last announced its 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 return on equity of 15.49% and a net margin of 22.03%.The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.07 billion. On average, analysts predict that Arc Resources Ltd. will post 2.23 earnings per share for the current year.

Arc Resources Company Profile

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.