Arc Resources (OTCMKTS:AETUF) Rating Increased to Strong-Buy at Wall Street Zen

Key Points

• Arc Resources (AETUF) has been upgraded to a "strong-buy" rating by Wall Street Zen, reflecting increasing investor confidence in the stock.
• The company reported earnings of $0.48 per share, surpassing analysts' estimates, indicating strong financial performance despite revenues falling below expectations.
• Arc Resources currently has a market capitalization of $11.58 billion and a low debt-to-equity ratio of 0.08, suggesting a relatively strong financial position.

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

Other equities research analysts have also recently issued reports about the company. Desjardins restated a "buy" rating on shares of Arc Resources in a report on Monday, May 5th. National Bankshares restated an "outperform" rating on shares of Arc Resources in a report on Friday, May 16th. Raymond James Financial upgraded Arc Resources to a "moderate buy" rating in a report on Monday, April 7th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Arc Resources in a report on Friday, May 16th. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Arc Resources currently has an average rating of "Buy".

Arc Resources Price Performance

OTCMKTS AETUF traded up $0.20 during trading on Monday, reaching $19.80. The company's stock had a trading volume of 4,718 shares, compared to its average volume of 11,689. The stock has a market capitalization of $11.58 billion, a PE ratio of 12.22, a P/E/G ratio of 0.54 and a beta of 0.45. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.60 and a quick ratio of 0.59. The firm has a fifty day moving average of $21.00 and a 200 day moving average of $19.52. Arc Resources has a one year low of $14.89 and a one year high of $23.86.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The energy company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. Arc Resources had a return on equity of 16.98% and a net margin of 29.09%. The firm had revenue of $1.12 billion during the quarter, compared to analysts' expectations of $1.36 billion. Analysts expect that Arc Resources will post 2.23 EPS for the current fiscal 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.

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