Shares of Arc Resources Ltd. (OTCMKTS:AETUF – Get Free Report) have received an average rating of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating on the company.
AETUF has been the subject of a number of research analyst reports. Capital One Financial lowered shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Zacks Research downgraded Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Canaccord Genuity Group downgraded Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Jefferies Financial Group downgraded Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 29th. Finally, TD Securities downgraded Arc Resources from a “buy” rating to a “sell” rating in a research report on Monday, April 27th.
View Our Latest Stock Analysis on AETUF
Arc Resources Trading Down 0.1%
Arc Resources (OTCMKTS:AETUF – Get Free Report) last announced its quarterly earnings data 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. Arc Resources had a net margin of 22.77% and a return on equity of 17.70%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.14 billion. On average, equities analysts expect that Arc Resources will post 2.04 earnings per share for the current fiscal year.
Arc Resources Company Profile
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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