Arc Resources (OTCMKTS:AETUF) Upgraded by Zacks Research to “Hold” Rating

Arc Resources (OTCMKTS:AETUF) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

AETUF has been the topic of several other research reports. Raymond James Financial lowered shares of Arc Resources from a “moderate buy” rating to a “hold” rating in a report on Friday, February 6th. 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. Scotiabank downgraded Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Friday, November 7th. Capital One Financial raised Arc Resources to a “strong-buy” rating in a report on Monday, October 27th. Finally, Canadian Imperial Bank of Commerce downgraded Arc Resources from an “outperform” rating to a “hold” rating in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Arc Resources presently has an average rating of “Moderate Buy”.

Arc Resources Price Performance

Shares of OTCMKTS:AETUF opened at $17.77 on Tuesday. The stock has a market capitalization of $10.15 billion, a P/E ratio of 11.39, a P/E/G ratio of 1.31 and a beta of 0.29. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.53. The business has a 50-day moving average of $18.08 and a two-hundred day moving average of $18.36. Arc Resources has a fifty-two week low of $15.05 and a fifty-two week high of $23.86.

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. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.07 billion. Arc Resources had a return on equity of 15.52% and a net margin of 22.03%. On average, equities research analysts predict that Arc Resources will post 2.23 EPS for the current fiscal 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.