Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report) shares saw an uptick in trading volume on Thursday . 24,681 shares were traded during mid-day trading, a decline of 22% from the previous session's volume of 31,506 shares.The stock last traded at $17.50 and had previously closed at $17.54.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on AETUF. Wall Street Zen downgraded Arc Resources from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 18th. Raymond James Financial reaffirmed an "outperform" rating on shares of Arc Resources in a research note on Monday. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy".
Check Out Our Latest Report on AETUF
Arc Resources Price Performance
The stock has a market capitalization of $10.45 billion, a P/E ratio of 9.88, a PEG ratio of 0.49 and a beta of 0.30. The business has a fifty day simple moving average of $19.40 and a 200-day simple moving average of $19.71. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.59 and a current ratio of 0.60.
Arc Resources (OTCMKTS:AETUF - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $801.14 million for the quarter, compared to analysts' expectations of $1.37 billion. Arc Resources had a return on equity of 18.83% and a net margin of 30.77%. Sell-side analysts expect that Arc Resources Ltd. will post 2.23 earnings per share for the current fiscal year.
Arc Resources Company Profile
(
Get Free Report)
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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