Arc Resources (OTCMKTS:AETUF) Stock Passes Below 50 Day Moving Average – Time to Sell?

Arc Resources Ltd. (OTCMKTS:AETUF) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $18.08 and traded as low as $16.65. Arc Resources shares last traded at $17.08, with a volume of 414,427 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. UBS Group lowered Arc Resources from a “buy” rating to a “hold” rating in a research report on Friday, December 12th. TD Securities reissued a “buy” rating on shares of Arc Resources in a research note on Tuesday, September 30th. Zacks Research downgraded Arc Resources from a “hold” rating to a “strong sell” rating in a research report on Friday, December 19th. Scotiabank downgraded Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. Finally, Capital One Financial raised shares of Arc Resources to a “strong-buy” rating in a research note on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Arc Resources Stock Up 2.1%

The business’s fifty day moving average price is $18.08 and its two-hundred day moving average price is $18.69. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.53 and a current ratio of 0.54. The firm has a market capitalization of $9.76 billion, a P/E ratio of 10.11, a PEG ratio of 0.97 and a beta of 0.30.

Arc Resources (OTCMKTS:AETUF) last posted its earnings results on Thursday, November 6th. The energy company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.14). Arc Resources had a net margin of 25.94% and a return on equity of 16.90%. The firm had revenue of $889.86 million for the quarter, compared to analysts’ expectations of $1.05 billion. Equities analysts expect that Arc Resources Ltd. will post 2.23 earnings per share 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.