Arc Resources (OTCMKTS:AETUF) Stock Rating Lowered by Zacks Research

by · The Cerbat Gem

Arc Resources (OTCMKTS:AETUF – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities research analysts have also recently commented on the stock. Scotiabank reaffirmed a “sector perform” rating on shares of Arc Resources in a research report on Wednesday, April 29th. Raymond James Financial cut shares of Arc Resources from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 6th. Canadian Imperial Bank of Commerce cut shares of Arc Resources from an “outperform” rating to a “hold” rating in a research report on Friday, February 6th. BMO Capital Markets cut shares of Arc Resources from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 28th. Finally, National Bank Financial cut shares of Arc Resources from an “outperform” rating to a “sector perform” rating in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold”.

View Our Latest Report on AETUF

Arc Resources Price Performance

AETUF stock opened at $22.64 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.69 and a current ratio of 0.70. Arc Resources has a 52 week low of $15.50 and a 52 week high of $23.86. The firm’s fifty day moving average is $21.01 and its 200 day moving average is $19.20. The firm has a market cap of $12.82 billion, a P/E ratio of 12.37 and a beta of 0.28.

Arc Resources (OTCMKTS:AETUF – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The energy company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.25. The business had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Arc Resources had a net margin of 22.77% and a return on equity of 17.70%. Research analysts predict that Arc Resources will post 2.04 earnings per share for the current year.

Arc Resources Company Profile

(Get Free Report)

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.

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