Wall Street Zen Downgrades Arc Resources (OTCMKTS:AETUF) to Buy

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

Several other research firms have also issued reports on AETUF. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Arc Resources in a report on Friday, May 16th. Desjardins reiterated a "buy" rating on shares of Arc Resources in a research note on Monday, May 5th. National Bankshares reissued an "outperform" rating on shares of Arc Resources in a research report on Friday, May 16th. Finally, Raymond James Financial upgraded shares of Arc Resources to a "moderate buy" rating in a research note on Monday, April 7th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Arc Resources presently has a consensus rating of "Buy".

Arc Resources Stock Performance

OTCMKTS:AETUF opened at $21.00 on Friday. The firm has a market capitalization of $12.28 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 0.76 and a beta of 0.45. The business's fifty day moving average price is $20.68 and its 200 day moving average price is $19.16. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.60 and a quick ratio of 0.59. Arc Resources has a 12 month low of $14.89 and a 12 month high of $23.86.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The energy company reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.45 by $0.03. The firm 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, sell-side analysts anticipate that Arc Resources will post 2.23 earnings per share for the current fiscal 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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