Arc Resources (OTCMKTS:AETUF) Lowered to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Arc Resources (OTCMKTS:AETUF) from a strong-buy rating to a hold rating in a research note published on Monday,Zacks.com reports.

A number of other research firms have also weighed in on AETUF. National Bank Financial lowered shares of Arc Resources from an “outperform” rating to a “sector perform” rating in a report on Friday, February 6th. Jefferies Financial Group lowered shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 29th. Canaccord Genuity Group lowered shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Capital One Financial lowered shares of Arc Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, TD Securities downgraded shares of Arc Resources from a “buy” rating to a “sell” rating in a research report on Monday, April 27th. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

Arc Resources Trading Down 0.5%

Shares of AETUF stock opened at $22.64 on Monday. The company has a market capitalization of $12.82 billion, a PE ratio of 12.37 and a beta of 0.28. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.69 and a current ratio of 0.70. Arc Resources has a 52-week low of $15.50 and a 52-week high of $23.86. The business’s fifty day moving average is $21.01 and its 200 day moving average is $19.20.

Arc Resources (OTCMKTS:AETUF) last released its earnings results on Tuesday, April 28th. The energy company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.25. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Arc Resources had a return on equity of 17.70% and a net margin of 22.77%. On average, equities research analysts anticipate that Arc Resources will post 2.04 EPS for the current fiscal 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.