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

Arc Resources Ltd. (OTCMKTS:AETUF) has been assigned a consensus rating of “Hold” from the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and three have given a buy recommendation to the company.

A number of brokerages recently weighed in on AETUF. Royal Bank Of Canada restated an “outperform” rating on shares of Arc Resources in a research report on Wednesday, July 15th. Scotiabank restated a “sector perform” rating on shares of Arc Resources in a research report on Wednesday, April 29th. BMO Capital Markets downgraded Arc Resources from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 28th. Capital One Financial lowered shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Jefferies Financial Group cut Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 29th.

Arc Resources Stock Up 0.7%

AETUF stock opened at $24.40 on Thursday. The business’s 50-day moving average price is $22.50 and its 200-day moving average price is $21.12. The stock has a market cap of $13.82 billion, a P/E ratio of 13.63 and a beta of 0.26. Arc Resources has a twelve month low of $15.50 and a twelve month high of $24.54. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 0.32.

Arc Resources (OTCMKTS:AETUF) last issued its quarterly earnings results on Thursday, July 30th. The energy company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.03). The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Arc Resources had a net margin of 19.75% and a return on equity of 16.91%. On average, equities research analysts forecast that Arc Resources will post 1.68 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.