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

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

A number of brokerages have recently commented on AETUF. Zacks Research raised Arc Resources from a “strong sell” rating to a “hold” rating in a report on Friday, August 21st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Arc Resources in a report on Wednesday, July 15th.

Arc Resources Stock Performance

Arc Resources stock opened at $24.54 on Friday. Arc Resources has a 52-week low of $15.50 and a 52-week high of $24.80. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $13.90 billion, a price-to-earnings ratio of 13.71 and a beta of 0.27. The firm has a 50-day moving average price of $24.22 and a two-hundred day moving average price of $22.52.

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

About Arc Resources

ARC Resources Ltd. is a Canadian energy company engaged in the exploration, development, production and marketing of crude oil, condensate, natural gas and natural gas liquids. Its operations are focused primarily on resource-rich areas of Western Canada, with a significant presence in Alberta’s Montney and Greater Kakwa regions.

The company’s production portfolio includes liquids-rich natural gas, condensate, natural gas liquids and crude oil. ARC Resources sells its products to domestic and international markets through pipeline, transportation and marketing arrangements, and has pursued access to growing liquefied natural gas markets on Canada’s west coast.

ARC Resources traces its history to 1996 and became a publicly traded corporation in 2011 following the conversion of ARC Energy Trust.