Arc Resources (OTCMKTS:AETUF) Upgraded by Wall Street Zen to "Strong-Buy" Rating

Arc Resources (OTCMKTS:AETUF - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued on Friday.

A number of other equities research analysts have also recently commented on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Arc Resources in a report on Friday, May 16th. National Bankshares reissued an "outperform" rating on shares of Arc Resources in a report on Friday, May 16th. Raymond James Financial raised shares of Arc Resources to a "moderate buy" rating in a report on Monday, April 7th. Finally, Desjardins reissued a "buy" rating on shares of Arc Resources in a report on Monday, May 5th. Three investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Arc Resources currently has a consensus rating of "Buy".

Arc Resources Stock Down 1.8%

AETUF stock opened at $22.50 on Friday. The firm has a market cap of $13.16 billion, a PE ratio of 13.89, a PEG ratio of 0.79 and a beta of 0.45. 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 has a one year low of $14.89 and a one year high of $23.86. The firm's 50 day moving average price is $20.39 and its 200-day moving average price is $19.02.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The energy company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.36 billion. Arc Resources had a return on equity of 16.98% and a net margin of 29.09%. On average, equities research 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.