Arc Resources (OTCMKTS:AETUF) Stock Price Crosses Below Fifty Day Moving Average - Time to Sell?

Key Points

• Arc Resources shares fell below their 50-day moving average of $19.45, closing at $17.53 with significant trading volume of over 1.3 million shares.
• Analysts have revised their ratings on the stock, with Wall Street Zen downgrading it from "strong-buy" to "buy," while Royal Bank of Canada and National Bankshares reaffirmed their "outperform" ratings.
• The company's latest earnings report showed an EPS of $0.49, exceeding expectations, with a revenue of $801.14 million, falling short of the anticipated $1.37 billion.

Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $19.45 and traded as low as $17.46. Arc Resources shares last traded at $17.53, with a volume of 1,384,321 shares trading hands.

Analyst Ratings Changes

AETUF has been the subject of several research analyst reports. Raymond James Financial restated an "outperform" rating on shares of Arc Resources in a research report on Monday. Wall Street Zen cut shares of Arc Resources from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. According to MarketBeat, Arc Resources has a consensus rating of "Buy".

Arc Resources Trading Up 0.1%

The company has a quick ratio of 0.59, a current ratio of 0.60 and a debt-to-equity ratio of 0.08. The company has a market cap of $10.44 billion, a P/E ratio of 9.87, a PEG ratio of 0.50 and a beta of 0.30. The firm's 50 day moving average is $19.30 and its two-hundred day moving average is $19.69.

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 for the quarter, topping the consensus estimate of $0.36 by $0.13. Arc Resources had a net margin of 30.77% and a return on equity of 18.83%. The company had revenue of $801.14 million for the quarter, compared to analysts' expectations of $1.37 billion. As a group, equities research analysts anticipate that Arc Resources Ltd. 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.