Arc Resources Ltd. (OTCMKTS:AETUF) Short Interest Down 35.0% in August

Key Points

• Arc Resources Ltd. experienced a significant decrease in short interest of 35.0% in August, with short interest totaling 4,910,900 shares as of August 31st.
• Wall Street analysts downgraded Arc Resources from a "strong-buy" to a "buy" rating, with a consensus rating of "Buy" among analysts.
• The company reported a $0.49 EPS for the last quarter, exceeding expectations, with a revenue of $801.14 million, which was below analysts' forecast.

Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 4,910,900 shares, a decline of 35.0% from the August 15th total of 7,555,800 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 64,000 shares, the days-to-cover ratio is presently 76.7 days. Based on an average daily trading volume, of 64,000 shares, the days-to-cover ratio is presently 76.7 days. Approximately 0.8% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Arc Resources from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company's stock. According to data from MarketBeat, Arc Resources has a consensus rating of "Buy".

Arc Resources Trading Up 1.0%

Arc Resources stock opened at $17.53 on Monday. The company's fifty day simple moving average is $19.45 and its 200-day simple moving average is $19.72. The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.08. Arc Resources has a 12 month low of $15.05 and a 12 month high of $23.86. The stock has a market cap of $10.19 billion, a P/E ratio of 9.63, a P/E/G ratio of 0.49 and a beta of 0.30.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The energy company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.36 by $0.13. Arc Resources had a net margin of 30.77% and a return on equity of 18.83%. The business had revenue of $801.14 million for the quarter, compared to analysts' expectations of $1.37 billion. As a group, sell-side analysts forecast that Arc Resources will post 2.23 EPS for the current fiscal year.

Arc Resources Company Profile

ARC Resources Ltd. engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Montney basin located in Alberta and northeast British Columbia. ARC Resources Ltd. was founded in 1996 and is based in Calgary, Canada.

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