Arc Resources (OTCMKTS:AETUF) Sees Large Volume Increase - What's Next?

Key Points

• Trading volume surged 111% to approximately 355,845 shares, while Arc Resources shares slipped 0.6% to $23.94.
• Analyst sentiment remains mixed, with three Buy ratings, ten Holds and one Sell, resulting in a consensus rating of “Hold.”
• Arc Resources’ latest quarterly results missed expectations: EPS was $0.45 versus $0.48 forecast, while revenue of $1.09 billion fell short of the $1.18 billion estimate.

Arc Resources Ltd. (OTCMKTS:AETUF - Get Free Report) shares saw an uptick in trading volume on Thursday . Approximately 355,845 shares traded hands during trading, an increase of 111% from the previous session's volume of 168,869 shares.The stock last traded at $23.94 and had previously closed at $24.2503.

Wall Street Analyst Weigh In

AETUF has been the topic of several research analyst reports. Scotiabank reissued a "sector perform" rating on shares of Arc Resources in a research note on Wednesday, April 29th. Zacks Research upgraded shares of Arc Resources from a "strong sell" rating to a "hold" rating in a research report on Friday, August 21st. Jefferies Financial Group downgraded Arc Resources from a "strong-buy" rating to a "hold" rating in a report on Wednesday, April 29th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Arc Resources in a research report on Wednesday, July 15th. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold".

Arc Resources Trading Down 0.6%

The company has a quick ratio of 0.85, a current ratio of 0.88 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $13.56 billion, a P/E ratio of 13.37 and a beta of 0.26. The business has a fifty day moving average price of $22.72 and a 200 day moving average price of $21.32.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last announced its earnings results on Thursday, July 30th. The energy company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.03). Arc Resources had a net margin of 19.75% and a return on equity of 16.67%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.18 billion. On average, analysts expect that Arc Resources Ltd. will post 1.68 earnings per share for the current fiscal 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.

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