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

Key Points

• Arc Resources has a consensus recommendation of Moderate Buy from 12 analysts, comprised of five holds, five buys and two strong buys.
• The stock opened at $18.61 (50‑day/200‑day MAs $19.21/$18.55), has a market cap of $10.54 billion and P/E of 11.93; the company reported EPS of $0.32 (in line with estimates) and revenue of $1.15 billion, above expectations.
• Recent analyst moves include a Zacks upgrade to strong-buy and a Scotiabank upgrade to hold, while Raymond James, National Bank Financial and CIBC trimmed their ratings to hold/sector perform.

Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the twelve ratings firms that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company.

AETUF has been the topic of several research analyst reports. Zacks Research raised Arc Resources from a "hold" rating to a "strong-buy" rating in a research note on Monday. Raymond James Financial lowered Arc Resources from a "moderate buy" rating to a "hold" rating in a research report on Friday, February 6th. National Bank Financial lowered Arc Resources from an "outperform" rating to a "sector perform" rating in a research report on Friday, February 6th. Scotiabank upgraded Arc Resources to a "hold" rating in a report on Wednesday, April 1st. Finally, Canadian Imperial Bank of Commerce downgraded Arc Resources from an "outperform" rating to a "hold" rating in a report on Friday, February 6th.

Arc Resources Stock Down 2.4%

Shares of OTCMKTS:AETUF opened at $18.61 on Friday. The stock's 50-day moving average price is $19.21 and its two-hundred day moving average price is $18.55. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.29. Arc Resources has a 12-month low of $15.50 and a 12-month high of $23.86. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 0.96 and a beta of 0.20.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The energy company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.32. Arc Resources had a return on equity of 15.49% and a net margin of 22.03%.The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.07 billion. On average, research analysts forecast that Arc Resources will post 2.23 EPS for the current 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.

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