Arc Resources (OTCMKTS:AETUF) Shares Cross Below 50 Day Moving Average – What’s Next?

Arc Resources Ltd. (OTCMKTS:AETUF) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $18.08 and traded as low as $17.75. Arc Resources shares last traded at $17.77, with a volume of 52,188 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AETUF. Cantor Fitzgerald initiated coverage on Arc Resources in a report on Monday, October 27th. They set an “overweight” rating on the stock. Capital One Financial raised shares of Arc Resources to a “strong-buy” rating in a report on Monday, October 27th. Roth Mkm assumed coverage on shares of Arc Resources in a research report on Friday, December 19th. They issued a “buy” rating for the company. National Bank Financial cut shares of Arc Resources from an “outperform” rating to a “sector perform” rating in a research note on Friday, February 6th. Finally, UBS Group lowered shares of Arc Resources from a “buy” rating to a “hold” rating in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Arc Resources Trading Down 1.6%

The company has a quick ratio of 0.53, a current ratio of 0.54 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $10.15 billion, a P/E ratio of 11.39, a price-to-earnings-growth ratio of 1.31 and a beta of 0.29. The firm’s 50-day simple moving average is $18.08 and its 200-day simple moving average is $18.36.

Arc Resources (OTCMKTS:AETUF) last posted its quarterly earnings data on Thursday, February 5th. The energy company reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. Arc Resources had a net margin of 22.03% and a return on equity of 15.52%. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Analysts anticipate that Arc Resources Ltd. will post 2.23 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.