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

Arc Resources (OTCMKTS:AETUF - Get Free Report) was upgraded by equities research analysts 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 company. Royal Bank Of Canada restated an "outperform" rating on shares of Arc Resources in a research report on Friday, May 16th. Desjardins reiterated a "buy" rating on shares of Arc Resources in a report on Monday, May 5th. Raymond James Financial upgraded Arc Resources to a "moderate buy" rating in a report on Monday, April 7th. Finally, National Bankshares reiterated an "outperform" rating on shares of Arc Resources in a report on Friday, May 16th. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy".

Arc Resources Stock Performance

AETUF stock traded down $0.60 during midday trading on Friday, reaching $21.82. The stock had a trading volume of 57,370 shares, compared to its average volume of 13,460. The stock has a market cap of $12.76 billion, a PE ratio of 13.47, a P/E/G 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. The firm has a fifty day simple moving average of $20.48 and a two-hundred day simple moving average of $19.07. Arc Resources has a 52-week low of $14.89 and a 52-week high of $23.86.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The energy company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. The company 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 16.98% and a net margin of 29.09%. As a group, 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.