Arc Resources (OTCMKTS:AETUF) Shares Gap Up – Here’s Why

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) gapped up before the market opened on Wednesday . The stock had previously closed at $17.39, but opened at $18.42. Arc Resources shares last traded at $17.27, with a volume of 10,955 shares trading hands.

Analysts Set New Price Targets

AETUF has been the topic of several recent research reports. UBS Group lowered Arc Resources from a “buy” rating to a “hold” rating in a report on Friday, December 12th. Cantor Fitzgerald assumed coverage on shares of Arc Resources in a report on Monday, October 27th. They issued an “overweight” rating for the company. Natl Bk Canada downgraded shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Roth Mkm initiated coverage on shares of Arc Resources in a research report on Friday, December 19th. They issued a “buy” rating on the stock. Finally, Capital One Financial raised shares of Arc Resources to a “strong-buy” rating in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Arc Resources Stock Up 1.3%

The stock has a market cap of $10.06 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 1.24 and a beta of 0.29. The business has a fifty day moving average of $18.24 and a 200-day moving average of $18.44. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.53.

Arc Resources (OTCMKTS:AETUF) last announced its quarterly earnings results on Thursday, February 5th. The energy company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. Arc Resources had a return on equity of 15.52% and a net margin of 22.03%.The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.07 billion. Equities research analysts anticipate that Arc Resources Ltd. will post 2.23 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.