Arc Resources Ltd. (OTCMKTS:AETUF) Given Average Rating of "Hold" by Brokerages

Key Points

• Analysts give Arc Resources (OTCMKTS:AETUF) a consensus rating of "Hold" from 14 firms (1 sell, 9 hold, 3 buy, 1 strong buy), with several notable downgrades (CIBC, National Bank, Raymond James) and mixed moves including a TD cut to sell and a Zacks upgrade to strong-buy.
• The company reported $0.75 EPS vs. $0.50 expected for the quarter (revenue $1.09B vs. $1.14B expected), posting a 22.77% net margin and 17.70% ROE, and analysts project about 2.18 EPS for the current fiscal year.
• Arc trades around $23.38 with a market cap of $13.24B, a PE of 12.78, 50-/200-day moving averages of $19.79/$18.68, and a 52-week range of $15.50–$23.86.

Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report) has been assigned a consensus rating of "Hold" from the fourteen ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company.

A number of research firms have weighed in on AETUF. Canadian Imperial Bank of Commerce cut shares of Arc Resources from an "outperform" rating to a "hold" rating in a research note on Friday, February 6th. Zacks Research raised shares of Arc Resources from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 6th. TD Securities cut shares of Arc Resources from a "buy" rating to a "sell" rating in a research note on Monday, April 27th. National Bank Financial lowered shares of Arc Resources from an "outperform" rating to a "sector perform" rating in a report on Friday, February 6th. Finally, Raymond James Financial lowered shares of Arc Resources from a "moderate buy" rating to a "hold" rating in a report on Friday, February 6th.

Arc Resources Stock Performance

OTCMKTS AETUF opened at $23.38 on Tuesday. The firm's fifty day moving average price is $19.79 and its two-hundred day moving average price is $18.68. The stock has a market cap of $13.24 billion, a PE ratio of 12.78, a PEG ratio of 0.63 and a beta of 0.28. Arc Resources has a fifty-two week low of $15.50 and a fifty-two week high of $23.86. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.69 and a current ratio of 0.70.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last posted its earnings results on Tuesday, April 28th. The energy company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.25. The firm had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.14 billion. Arc Resources had a net margin of 22.77% and a return on equity of 17.70%. On average, equities analysts expect that Arc Resources will post 2.18 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.

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