Arc Resources (OTCMKTS:AETUF) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $18.08 and traded as low as $16.65. Arc Resources shares last traded at $17.08, with a volume of 414,427 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. UBS Group downgraded Arc Resources from a “buy” rating to a “hold” rating in a research report on Friday, December 12th. Zacks Research lowered Arc Resources from a “hold” rating to a “strong sell” rating in a report on Friday, December 19th. TD Securities restated a “buy” rating on shares of Arc Resources in a research note on Tuesday, September 30th. Roth Capital started coverage on shares of Arc Resources in a research report on Friday, December 19th. They set a “buy” rating for the company. Finally, Cantor Fitzgerald started coverage on shares of Arc Resources in a research report on Monday, October 27th. They issued an “overweight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Arc Resources currently has a consensus rating of “Moderate Buy”.

Arc Resources Stock Up 2.1%

The company has a current ratio of 0.54, a quick ratio of 0.53 and a debt-to-equity ratio of 0.28. The firm has a market cap of $9.76 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 0.99 and a beta of 0.30. The firm’s 50 day simple moving average is $18.08 and its two-hundred day simple moving average is $18.67.

Arc Resources (OTCMKTS:AETUF) last announced its earnings results on Thursday, November 6th. The energy company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.14). Arc Resources had a return on equity of 16.90% and a net margin of 25.94%.The business had revenue of $889.86 million for the quarter, compared to the consensus estimate of $1.05 billion. On average, equities analysts forecast that Arc Resources Ltd. will post 2.23 EPS for the current 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.