Arc Resources Ltd. (OTCMKTS:AETUF) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Arc Resources has a consensus “Hold” rating from 14 analysts: nine recommend holding, three recommend buying, and two recommend selling. Recent actions included downgrades from BMO Capital Markets, Capital One Financial, and Zacks Research.
• The stock opened at $23.68, near its 12-month high of $23.93, with a market capitalization of approximately $13.41 billion. Its 50-day and 200-day moving averages were $22.39 and $20.93, respectively.
• Arc Resources reported quarterly EPS of $0.45, below the $0.48 consensus estimate, while revenue of $1.09 billion also missed expectations of $1.18 billion. Analysts expect full-year EPS of approximately $1.68.

Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report) has earned a consensus recommendation of "Hold" from the fourteen analysts that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have issued a buy recommendation on the company.

A number of research firms recently issued reports on AETUF. BMO Capital Markets downgraded shares of Arc Resources from an "outperform" rating to a "market perform" rating in a research report on Tuesday, April 28th. Capital One Financial lowered shares of Arc Resources from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 28th. Zacks Research downgraded Arc Resources from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 7th. Scotiabank reaffirmed a "sector perform" rating on shares of Arc Resources in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Arc Resources in a research note on Wednesday, July 15th.

Arc Resources Trading Down 0.2%

AETUF opened at $23.68 on Thursday. The company has a fifty day moving average of $22.39 and a 200-day moving average of $20.93. Arc Resources has a twelve month low of $15.50 and a twelve month high of $23.93. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of 0.32. The stock has a market cap of $13.41 billion, a PE ratio of 13.23 and a beta of 0.26.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The energy company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.03). The business 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%. On average, sell-side analysts predict that Arc Resources will post 1.68 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.

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