Arc Resources (OTCMKTS:AETUF) Raised to “Hold” at Scotiabank

Arc Resources (OTCMKTS:AETUF) was upgraded by equities research analysts at Scotiabank to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other research firms also recently issued reports on AETUF. Canadian Imperial Bank of Commerce downgraded shares of Arc Resources from an “outperform” rating to a “hold” rating in a research note on Friday, February 6th. UBS Group cut shares of Arc Resources from a “buy” rating to a “hold” rating in a research report on Friday, December 12th. Roth Mkm initiated coverage on shares of Arc Resources in a report on Friday, December 19th. They issued a “buy” rating for the company. Zacks Research raised Arc Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 17th. Finally, Raymond James Financial cut Arc Resources from a “moderate buy” rating to a “hold” rating in a research note on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Arc Resources Price Performance

AETUF stock opened at $19.54 on Wednesday. Arc Resources has a 52-week low of $15.05 and a 52-week high of $23.86. The company has a quick ratio of 0.69, a current ratio of 0.70 and a debt-to-equity ratio of 0.29. The stock has a market cap of $11.11 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 1.04 and a beta of 0.20. The business has a fifty day moving average of $19.08 and a two-hundred day moving average of $18.49.

Arc Resources (OTCMKTS:AETUF) last released its quarterly earnings results on Thursday, February 5th. The energy company reported $0.32 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.32. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Arc Resources had a return on equity of 15.49% and a net margin of 22.03%. As a group, research analysts anticipate that Arc Resources will post 2.23 earnings per share 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.