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

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) gapped down before the market opened on Monday . The stock had previously closed at $23.93, but opened at $22.64. Arc Resources shares last traded at $22.7891, with a volume of 2,789 shares.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of Arc Resources in a research note on Wednesday, July 15th. Capital One Financial lowered shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Canaccord Genuity Group downgraded shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Scotiabank reaffirmed a “sector perform” rating on shares of Arc Resources in a research report on Wednesday, April 29th. Finally, TD Securities lowered shares of Arc Resources from a “buy” rating to a “sell” rating in a research report on Monday, April 27th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Arc Resources Price Performance

The company has a market cap of $13.28 billion, a price-to-earnings ratio of 13.10 and a beta of 0.26. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average price of $22.27 and a two-hundred day moving average price of $20.58.

Arc Resources (OTCMKTS:AETUF) last issued its earnings results on Thursday, July 30th. The energy company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.18 billion. Arc Resources had a net margin of 19.75% and a return on equity of 16.91%. As a group, equities research analysts anticipate that Arc Resources Ltd. will post 1.67 EPS 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.