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 research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Monday.

Several other equities analysts have also recently weighed in on AETUF. Desjardins restated a "buy" rating on shares of Arc Resources in a research note on Monday, May 5th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Arc Resources in a report on Friday, May 16th. Finally, National Bankshares reissued an "outperform" rating on shares of Arc Resources in a research report on Friday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to MarketBeat, the company has a consensus rating of "Buy".

Arc Resources Stock Up 0.6%

Shares of AETUF traded up $0.11 on Monday, reaching $19.48. The company's stock had a trading volume of 22,156 shares, compared to its average volume of 14,144. The stock has a market capitalization of $11.35 billion, a PE ratio of 10.70, a PEG ratio of 0.54 and a beta of 0.37. The company has a current ratio of 0.60, a quick ratio of 0.59 and a debt-to-equity ratio of 0.08. Arc Resources has a twelve month low of $15.05 and a twelve month high of $23.86. The firm has a fifty day moving average of $20.32 and a 200-day moving average of $19.70.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The energy company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.36 by $0.13. Arc Resources had a return on equity of 18.83% and a net margin of 30.77%.The firm had revenue of $801.14 million during the quarter, compared to the consensus estimate of $1.37 billion. Equities analysts predict 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.