Arc Resources Ltd. (OTCMKTS:AETUF) Given Consensus Recommendation of “Hold” by Brokerages

Arc Resources Ltd. (OTCMKTS:AETUF) has been assigned a consensus recommendation of “Hold” from the thirteen research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company.

Several equities research analysts recently weighed in on the company. BMO Capital Markets lowered Arc Resources from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 28th. Jefferies Financial Group downgraded Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 29th. TD Securities downgraded Arc Resources from a “buy” rating to a “sell” rating in a report on Monday, April 27th. Capital One Financial downgraded Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Scotiabank reissued a “sector perform” rating on shares of Arc Resources in a report on Wednesday, April 29th.

Arc Resources Price Performance

Shares of AETUF stock opened at $20.99 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.69 and a current ratio of 0.70. Arc Resources has a fifty-two week low of $15.50 and a fifty-two week high of $23.79. The firm has a market cap of $11.89 billion, a P/E ratio of 11.47 and a beta of 0.25. The business’s 50 day moving average price is $22.08 and its 200-day moving average price is $19.92.

Arc Resources (OTCMKTS:AETUF) last released its quarterly earnings results on Tuesday, April 28th. The energy company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.25. Arc Resources had a return on equity of 17.70% and a net margin of 22.77%.The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.14 billion. On average, equities research analysts anticipate that Arc Resources will post 2.04 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.