Arc Resources Ltd. (OTCMKTS:AETUF – Get Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as $24.54 and last traded at $24.3960, with a volume of 516015 shares. The stock had previously closed at $24.22.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of Arc Resources in a research report on Wednesday, July 15th. Canaccord Genuity Group downgraded Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Jefferies Financial Group lowered shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 29th. Scotiabank restated a “sector perform” rating on shares of Arc Resources in a research note on Wednesday, April 29th. Finally, TD Securities lowered shares of Arc Resources from a “buy” rating to a “sell” rating in a research note on Monday, April 27th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.
Check Out Our Latest Analysis on AETUF
Arc Resources Trading Down 0.2%
Arc Resources (OTCMKTS:AETUF – Get Free Report) last announced its earnings results on Thursday, July 30th. The energy company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.03). Arc Resources had a net margin of 19.75% and a return on equity of 16.91%. The company had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Analysts expect that Arc Resources Ltd. will post 1.68 EPS 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.
See Also
- Five stocks we like better than Arc Resources
- Blueprint for a Boom: SEC Clears the Crypto Runway
- Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
- Advance Auto Parts Plunged, But Its Turnaround Is Still Working
- Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
Receive News & Ratings for Arc Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arc Resources and related companies with MarketBeat.com's FREE daily email newsletter.
