ARC Resources (OTCMKTS:AETUF) Reaches New 1-Year High - Time to Buy?

Shares of ARC Resources Ltd. (OTCMKTS:AETUF - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as $22.92 and last traded at $22.80, with a volume of 8020 shares traded. The stock had previously closed at $22.41.

Analyst Upgrades and Downgrades

AETUF has been the subject of several research analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating on shares of ARC Resources in a research note on Friday, May 16th. Wall Street Zen upgraded ARC Resources from a "buy" rating to a "strong-buy" rating in a report on Saturday. Raymond James raised ARC Resources to a "moderate buy" rating in a research note on Monday, April 7th. Desjardins reaffirmed a "buy" rating on shares of ARC Resources in a research report on Monday, May 5th. Finally, National Bankshares reissued an "outperform" rating on shares of ARC Resources in a research report on Friday, May 16th. Three research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, ARC Resources presently has an average rating of "Buy".

ARC Resources Price Performance

The company has a market capitalization of $13.33 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 0.89 and a beta of 0.45. The company has a quick ratio of 1.12, a current ratio of 1.14 and a debt-to-equity ratio of 0.17. The company has a 50 day simple moving average of $19.98 and a 200 day simple moving average of $18.91.

ARC Resources (OTCMKTS:AETUF - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The energy company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.03. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.36 billion. ARC Resources had a return on equity of 14.48% and a net margin of 24.40%. As a group, research analysts predict that ARC Resources Ltd. 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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