Arc Resources (OTCMKTS:AETUF) Cut to "Buy" at Wall Street Zen

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

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

Arc Resources Price Performance

OTCMKTS:AETUF traded up $0.11 during mid-day trading on Friday, reaching $21.10. The stock had a trading volume of 3,095 shares, compared to its average volume of 34,187. Arc Resources has a 12 month low of $14.89 and a 12 month high of $23.86. The stock has a market capitalization of $12.34 billion, a PE ratio of 13.02, a P/E/G ratio of 0.74 and a beta of 0.45. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.60 and a quick ratio of 0.59. The stock has a 50-day simple moving average of $20.70 and a two-hundred day simple moving average of $19.20.

Arc Resources (OTCMKTS:AETUF - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The energy company reported $0.48 earnings per share for the quarter, beating the consensus estimate 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 analysts anticipate that Arc Resources will post 2.23 earnings per share 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.