Arc Resources (OTCMKTS:AETUF) Hits New 12-Month High - What's Next?

Key Points

• Arc Resources reached a new 52-week high, trading as high as $24.54 and last changing hands at $24.3960, above its previous close of $24.22.
• Analyst sentiment is mixed, with three Buy, nine Hold, and two Sell ratings, resulting in a consensus “Hold” rating.
• The company’s latest quarterly results missed expectations: EPS was $0.45 versus $0.48 estimated, while revenue came in at $1.09 billion compared with the $1.18 billion consensus.

Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $24.54 and last traded at $24.3960, with a volume of 516015 shares changing hands. The stock had previously closed at $24.22.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AETUF. Royal Bank Of Canada reissued an "outperform" rating on shares of Arc Resources in a research note on Wednesday, July 15th. TD Securities cut Arc Resources from a "buy" rating to a "sell" rating in a research note on Monday, April 27th. Capital One Financial cut shares of Arc Resources from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 28th. Zacks Research downgraded shares of Arc Resources from a "hold" rating to a "strong sell" rating in a report on Tuesday, July 7th. Finally, BMO Capital Markets downgraded shares of Arc Resources from an "outperform" rating to a "market perform" rating in a report on Tuesday, April 28th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold".

Arc Resources Stock Performance

The firm has a 50 day moving average of $22.50 and a two-hundred day moving average of $21.12. The stock has a market cap of $13.82 billion, a P/E ratio of 13.63 and a beta of 0.26. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.85 and a current ratio of 0.87.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last posted its earnings results on Thursday, July 30th. The energy company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.03). The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.18 billion. Arc Resources had a return on equity of 16.91% and a net margin of 19.75%. On average, research analysts predict that Arc Resources Ltd. will post 1.68 EPS for the current fiscal 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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