Arc Resources (OTCMKTS:AETUF) Shares Gap Down – What’s Next?

Arc Resources Ltd. (OTCMKTS:AETUF)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $20.79, but opened at $19.15. Arc Resources shares last traded at $19.7380, with a volume of 5,144 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on AETUF shares. Canadian Imperial Bank of Commerce cut Arc Resources from an “outperform” rating to a “hold” rating in a research note on Friday, February 6th. Roth Mkm began coverage on Arc Resources in a report on Friday, December 19th. They set a “buy” rating for the company. Raymond James Financial lowered Arc Resources from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 6th. National Bank Financial cut Arc Resources from an “outperform” rating to a “sector perform” rating in a research report on Friday, February 6th. Finally, Zacks Research raised Arc Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Arc Resources Stock Performance

The company has a market cap of $11.22 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 1.06 and a beta of 0.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.69 and a current ratio of 0.70. The company has a fifty day moving average of $19.06 and a two-hundred day moving average of $18.48.

Arc Resources (OTCMKTS:AETUF) last posted its earnings results on Thursday, February 5th. The energy company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.07 billion. Arc Resources had a return on equity of 15.49% and a net margin of 22.03%. Equities research analysts anticipate that Arc Resources Ltd. will post 2.23 EPS 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.