Arc Resources (OTCMKTS:AETUF) Shares Cross Below 50-Day Moving Average - Should You 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) 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 traded.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AETUF shares. 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. Royal Bank Of Canada restated an "outperform" rating on shares of Arc Resources in a research report on Friday, May 16th. Finally, National Bankshares restated an "outperform" rating on shares of Arc Resources in a research report on Friday, May 16th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. According to MarketBeat, Arc Resources presently has an average rating of "Buy".

Arc Resources Trading Up 1.0%

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 stock's 50-day moving average is $19.45 and its two-hundred day moving average is $19.70. The stock has a market cap of $10.19 billion, a P/E ratio of 9.63, a price-to-earnings-growth ratio of 0.48 and a beta of 0.30.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The energy company reported $0.49 EPS for the quarter, beating 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 business had revenue of $801.14 million during the quarter, compared to analyst estimates of $1.37 billion. Equities research analysts anticipate that Arc Resources Ltd. will post 2.23 EPS for the current year.

Arc Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.3%. Arc Resources's dividend payout ratio (DPR) is currently 30.77%.

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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