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

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) have been assigned an average rating of “Hold” from the fourteen analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating on the company.

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Arc Resources in a report on Wednesday, July 15th. Zacks Research upgraded Arc Resources from a “strong sell” rating to a “hold” rating in a report on Friday, August 21st.

Arc Resources Stock Performance

Shares of AETUF stock opened at $24.54 on Monday. The company has a market cap of $13.90 billion, a PE ratio of 13.71 and a beta of 0.27. Arc Resources has a 1 year low of $15.50 and a 1 year high of $24.80. The stock’s 50 day simple moving average is $23.51 and its two-hundred day simple moving average is $21.89. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.88 and a quick ratio of 0.86.

Arc Resources (OTCMKTS:AETUF) last posted its quarterly earnings data on Thursday, July 30th. The energy company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). Arc Resources had a return on equity of 16.67% and a net margin of 19.75%.The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Research analysts predict that Arc Resources will post 1.68 earnings per share for the current year.

Arc Resources Company Profile

ARC Resources Ltd. is a Canadian energy company engaged in the exploration, development, production, processing and marketing of crude oil, condensate, natural gas liquids and natural gas. The company’s operations are focused primarily on Western Canada, with a significant presence in the Montney resource play in northeastern British Columbia and northwestern Alberta.

ARC Resources produces natural gas and liquids-rich hydrocarbons and operates associated gathering, processing and infrastructure assets.