Arc Resources (OTCMKTS:AETUF) Stock Price Crosses Above 50-Day Moving Average - Here's What Happened

Key Points

• Technical move: Arc Resources (OTCMKTS:AETUF) crossed above its 50-day moving average
• Analyst sentiment: MarketBeat's average rating is a Moderate Buy (1 Strong Buy, 5 Buy, 6 Hold) after recent mixed broker actions including upgrades and downgrades.
• Fundamentals and recent results: The company has a market cap of $11.82B and a PE of 13.33; last quarter it reported EPS of $0.32 (meeting estimates) and revenue of $1.15B (beating expectations), with ROE 15.49% and net margin 22.03%.

Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $19.06 and traded as high as $21.35. Arc Resources shares last traded at $20.79, with a volume of 72,919 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AETUF. Zacks Research upgraded shares of Arc Resources from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce lowered Arc Resources from an "outperform" rating to a "hold" rating in a research report on Friday, February 6th. National Bank Financial cut Arc Resources from an "outperform" rating to a "sector perform" rating in a report on Friday, February 6th. Roth Mkm assumed coverage on Arc Resources in a research report on Friday, December 19th. They set a "buy" rating for the company. Finally, UBS Group lowered Arc Resources from a "buy" rating to a "hold" rating in a research note on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Arc Resources presently has an average rating of "Moderate Buy".

Arc Resources Trading Down 1.8%

The firm has a market capitalization of $11.82 billion, a PE ratio of 13.33, a P/E/G ratio of 1.06 and a beta of 0.26. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.69 and a current ratio of 0.70. The firm has a fifty day moving average of $19.06 and a 200 day moving average of $18.48.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The energy company reported $0.32 earnings per share for the quarter, hitting analysts' consensus estimates of $0.32. Arc Resources had a return on equity of 15.49% and a net margin of 22.03%.The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.07 billion. Equities research analysts expect that Arc Resources Ltd. will post 2.23 EPS for the current year.

Arc Resources Company Profile

Arc Resources Ltd., trading on the OTC Markets under the ticker AETUF, is a Canadian energy company primarily engaged in the exploration, development and production of natural gas, condensate and natural gas liquids. Headquartered in Calgary, Alberta, the company’s core operations are concentrated in the Montney formation, a premier resource play extending across northeastern British Columbia and northwestern Alberta. Arc’s portfolio emphasizes liquids-rich gas production supported by proprietary midstream infrastructure, including gas processing facilities, pipelines and water management systems.

Since its formation in the mid-1990s as Arc Energy Trust and its conversion to a corporation in 2015, Arc Resources has pursued a disciplined growth strategy focused on operational efficiency, cost control and sustainable development.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.