Arc Resources (OTCMKTS:AETUF) Lowered to “Hold” Rating by Jefferies Financial Group

Jefferies Financial Group downgraded shares of Arc Resources (OTCMKTS:AETUF) from a strong-buy rating to a hold rating in a research report report published on Wednesday,Zacks.com reports.

Several other equities analysts have also weighed in on AETUF. Canadian Imperial Bank of Commerce lowered shares of Arc Resources from an “outperform” rating to a “hold” rating in a research report on Friday, February 6th. National Bank Financial lowered shares of Arc Resources from an “outperform” rating to a “sector perform” rating in a research report on Friday, February 6th. Canaccord Genuity Group lowered shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Zacks Research upgraded Arc Resources from a “hold” rating to a “strong-buy” rating in a report on Monday, April 6th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Arc Resources in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Arc Resources has an average rating of “Hold”.

Arc Resources Price Performance

AETUF traded up $0.32 on Wednesday, reaching $23.65. The company had a trading volume of 91,234 shares, compared to its average volume of 240,542. The company has a fifty day moving average of $19.68 and a 200-day moving average of $18.65. The company has a market capitalization of $13.39 billion, a P/E ratio of 15.16, a PEG ratio of 0.86 and a beta of 0.20. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.29. Arc Resources has a one year low of $15.50 and a one year high of $23.86.

Arc Resources (OTCMKTS:AETUF) last announced its earnings results on Tuesday, April 28th. The energy company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.25. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.12 billion. Arc Resources had a net margin of 22.03% and a return on equity of 15.49%. As a group, equities research analysts anticipate that Arc Resources will post 2.1 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.