Arc Resources (OTCMKTS:AETUF) Lowered to "Buy" Rating by Wall Street Zen

Key Points

• Arc Resources has been downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, reflecting a shift in analyst sentiment.
• The company's stock decreased by 1.0% to $19.39, with analysts noting a recent trading volume below its average.
• Despite the downgrade, Arc Resources maintains a consensus rating of "Buy" from four analysts, with one assigning it a strong buy rating.

Arc Resources (OTCMKTS:AETUF - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating in a note issued to investors on Monday.

Other analysts also recently issued research reports about the stock. Desjardins reissued a "buy" rating on shares of Arc Resources in a research report on Monday, May 5th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Arc Resources in a research note on Friday, May 16th. Finally, National Bankshares restated an "outperform" rating on shares of Arc Resources in a research report on Friday, May 16th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Arc Resources currently has a consensus rating of "Buy".

Arc Resources Stock Down 1.0%

Shares of OTCMKTS:AETUF traded down $0.20 during trading hours on Monday, hitting $19.39. The company's stock had a trading volume of 5,374 shares, compared to its average volume of 29,656. The firm's fifty day moving average price is $20.57 and its 200 day moving average price is $19.66. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.60 and a quick ratio of 0.59. Arc Resources has a 52 week low of $15.05 and a 52 week high of $23.86. The company has a market capitalization of $11.29 billion, a price-to-earnings ratio of 10.65, a P/E/G ratio of 0.54 and a beta of 0.37.

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 analysts' consensus estimates of $0.36 by $0.13. Arc Resources had a net margin of 30.77% and a return on equity of 18.83%. The firm had revenue of $801.14 million for the quarter, compared to the consensus estimate of $1.37 billion. As a group, research analysts expect that Arc Resources will post 2.23 EPS for the current 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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