Arc Resources (OTCMKTS:AETUF) Shares Gap Down – Time to Sell?

Arc Resources Ltd. (OTCMKTS:AETUF)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $22.75, but opened at $21.13. Arc Resources shares last traded at $21.13, with a volume of 899 shares.

Wall Street Analyst Weigh In

Several research firms have commented on AETUF. Scotiabank reissued a “sector perform” rating on shares of Arc Resources in a report on Wednesday, April 29th. Zacks Research lowered shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. BMO Capital Markets lowered shares of Arc Resources from an “outperform” rating to a “market perform” rating in a research 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 report on Wednesday, April 29th. Finally, Canaccord Genuity Group lowered shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Arc Resources Price Performance

The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.29. The firm has a market cap of $12.58 billion, a price-to-earnings ratio of 12.14 and a beta of 0.25. The company’s 50-day moving average is $21.53 and its 200-day moving average is $19.68.

Arc Resources (OTCMKTS:AETUF) last announced its quarterly earnings results 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 company had revenue of $1.09 billion for 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 research analysts predict that Arc Resources Ltd. will post 2.04 earnings per share for the current 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.