Arc Resources Ltd. (OTCMKTS:AETUF) Sees Large Drop in Short Interest

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 target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 4,910,900 shares, a drop of 35.0% from the August 15th total of 7,555,800 shares. Approximately 0.8% of the company's stock are sold short. Based on an average trading volume of 64,000 shares, the short-interest ratio is presently 76.7 days. Based on an average trading volume of 64,000 shares, the short-interest ratio is presently 76.7 days. Approximately 0.8% of the company's stock are sold short.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AETUF shares. Wall Street Zen cut Arc Resources from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 18th. Raymond James Financial reiterated an "outperform" rating on shares of Arc Resources in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy".

Arc Resources Stock Performance

Shares of AETUF stock traded down $0.02 during mid-day trading on Friday, hitting $17.97. 546,693 shares of the stock were exchanged, compared to its average volume of 146,128. The stock's fifty day simple moving average is $19.21 and its two-hundred day simple moving average is $19.70. The stock has a market capitalization of $10.45 billion, a price-to-earnings ratio of 9.87, a P/E/G ratio of 0.50 and a beta of 0.30. Arc Resources has a 12-month low of $15.05 and a 12-month high of $23.86. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.59 and a current ratio of 0.60.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The energy company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.13. The company had revenue of $801.14 million for the quarter, compared to analyst estimates of $1.37 billion. Arc Resources had a return on equity of 18.83% and a net margin of 30.77%. On average, analysts forecast that Arc Resources will post 2.23 EPS for the current year.

About Arc Resources

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.