Arc Resources (OTCMKTS:AETUF) Upgraded by Zacks Research to "Strong-Buy" Rating

Key Points

• Zacks Research upgraded Arc Resources (AETUF) from a "hold" to a "strong-buy", though MarketBeat's consensus remains a "Moderate Buy" with 2 strong-buy, 5 buy and 5 hold ratings.
• Arc reported Q4 EPS of $0.32, meeting estimates, and revenue of $1.15 billion which beat expectations, with a return on equity of 15.49% and a net margin of 22.03%.
• The stock opened around $20, with a market capitalization of $11.37 billion, a P/E of 12.82 and a 12-month trading range of $15.05 to $23.86.

Arc Resources (OTCMKTS:AETUF - Get Free Report) was upgraded by investment analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts have also recently commented on AETUF. Canadian Imperial Bank of Commerce cut Arc Resources from an "outperform" rating to a "hold" rating in a report on Friday, February 6th. Roth Mkm started coverage on Arc Resources in a report on Friday, December 19th. They set a "buy" rating for the company. Raymond James Financial cut Arc Resources from a "moderate buy" rating to a "hold" rating in a report on Friday, February 6th. UBS Group cut Arc Resources from a "buy" rating to a "hold" rating in a report on Friday, December 12th. Finally, National Bank Financial cut Arc Resources from an "outperform" rating to a "sector perform" rating in a report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

Arc Resources Stock Performance

OTCMKTS AETUF opened at $20.00 on Monday. The stock has a market capitalization of $11.37 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 1.00 and a beta of 0.20. Arc Resources has a twelve month low of $15.05 and a twelve month high of $23.86. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.29. The stock has a 50-day moving average of $19.21 and a 200 day moving average of $18.55.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last announced its earnings results on Thursday, February 5th. The energy company reported $0.32 EPS for the quarter, meeting analysts' consensus estimates of $0.32. Arc Resources had a return on equity of 15.49% and a net margin of 22.03%.The business had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.07 billion. Sell-side analysts anticipate that Arc Resources will post 2.23 EPS for the current fiscal year.

About Arc Resources

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.

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