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

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

Other analysts have also recently issued research reports about the company. Jefferies Financial Group cut Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 29th. BMO Capital Markets lowered Arc Resources from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 28th. Raymond James Financial lowered Arc Resources from a “moderate buy” rating to a “hold” rating in a report on Friday, February 6th. Scotiabank reaffirmed a “sector perform” rating on shares of Arc Resources in a research report on Wednesday, April 29th. Finally, National Bank Financial downgraded Arc Resources from an “outperform” rating to a “sector perform” rating in a 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, Arc Resources presently has an average rating of “Hold”.

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Arc Resources Stock Performance

Shares of AETUF opened at $22.64 on Monday. The company’s fifty day moving average is $21.01 and its 200-day moving average is $19.20. Arc Resources has a 12 month low of $15.50 and a 12 month high of $23.86. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 12.37 and a beta of 0.28. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.29.

Arc Resources (OTCMKTS:AETUF – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The energy company reported $0.75 earnings per share (EPS) 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 analyst estimates of $1.14 billion. Arc Resources had a net margin of 22.77% and a return on equity of 17.70%. Equities analysts expect that Arc Resources will post 2.04 EPS for the current fiscal year.

About Arc Resources

(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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