Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report) hit a new 52-week high during trading on Friday . The company traded as high as $23.96 and last traded at $23.96, with a volume of 5223 shares changing hands. The stock had previously closed at $23.6180.
Analysts Set New Price Targets
A number of equities analysts have issued reports on AETUF shares. Zacks Research lowered shares of Arc Resources from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 7th. Scotiabank reaffirmed a "sector perform" rating on shares of Arc Resources in a report on Wednesday, April 29th. Capital One Financial lowered shares of Arc Resources from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 28th. Canaccord Genuity Group lowered shares of Arc Resources from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 28th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Arc Resources in a report on Wednesday, July 15th. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Arc Resources presently has a consensus rating of "Hold".
Read Our Latest Stock Analysis on AETUF
Arc Resources Stock Up 1.4%
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 $13.57 billion, a PE ratio of 13.38 and a beta of 0.26. The business has a 50 day moving average price of $22.40 and a 200 day moving average price of $20.96.
Arc Resources (OTCMKTS:AETUF - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The energy company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.03). Arc Resources had a net margin of 19.75% and a return on equity of 16.91%. The company had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.18 billion. Equities research analysts expect that Arc Resources Ltd. will post 1.68 EPS for the current fiscal year.
About Arc Resources
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Arc Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arc Resources wasn't on the list.
While Arc Resources currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
