ARC Resources (OTCMKTS:AETUF) Stock Rating Upgraded by Wall Street Zen

ARC Resources (OTCMKTS:AETUF - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday.

AETUF has been the subject of several other research reports. Raymond James upgraded shares of ARC Resources to a "moderate buy" rating in a research report on Monday, April 7th. National Bankshares restated an "outperform" rating on shares of ARC Resources in a research report on Friday, May 16th. Royal Bank of Canada reiterated an "outperform" rating on shares of ARC Resources in a research report on Friday, May 16th. Finally, Desjardins reiterated a "buy" rating on shares of ARC Resources in a research report on Monday, May 5th. Three equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

ARC Resources Price Performance

OTCMKTS AETUF traded up $0.34 during trading on Friday, reaching $22.41. 4,792 shares of the company traded hands, compared to its average volume of 33,791. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.12 and a current ratio of 1.14. The stock's 50 day moving average price is $19.98 and its two-hundred day moving average price is $18.90. The company has a market cap of $13.10 billion, a price-to-earnings ratio of 16.36, a P/E/G ratio of 0.89 and a beta of 0.45. ARC Resources has a 1-year low of $14.89 and a 1-year high of $22.61.

ARC Resources (OTCMKTS:AETUF - Get Free Report) last announced its earnings results on Thursday, May 1st. The energy company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. The business had revenue of $1.12 billion for 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, analysts anticipate that ARC Resources 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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