Arc Resources Ltd. (OTCMKTS:AETUF) Receives Consensus Recommendation of “Hold” from Analysts

Arc Resources Ltd. (OTCMKTS:AETUF) has received an average rating of “Hold” from the fourteen ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and three have issued a buy recommendation on the company.

AETUF has been the subject of a number of research reports. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Arc Resources in a research report on Wednesday, July 15th. Zacks Research upgraded Arc Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, August 21st.

Arc Resources Price Performance

Shares of OTCMKTS:AETUF opened at $24.54 on Monday. The stock has a 50-day simple moving average of $23.15 and a 200-day simple moving average of $21.66. The stock has a market capitalization of $13.90 billion, a P/E ratio of 13.71 and a beta of 0.27. Arc Resources has a 1 year low of $15.50 and a 1 year high of $24.80. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.88.

Arc Resources (OTCMKTS:AETUF) last announced its quarterly earnings results on Thursday, July 30th. The energy company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). Arc Resources had a net margin of 19.75% and a return on equity of 16.67%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.18 billion. Equities analysts forecast that Arc Resources will post 1.68 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.