Arc Resources Ltd. (OTCMKTS:AETUF) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) have earned a consensus rating of “Hold” from the fourteen brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating on the company.

AETUF has been the topic of several analyst reports. Zacks Research raised shares of Arc Resources from a “strong sell” rating to a “hold” rating in a research note on Friday, August 21st. Royal Bank Of Canada reissued an “outperform” rating on shares of Arc Resources in a research report on Wednesday, July 15th.

Arc Resources Stock Performance

OTCMKTS AETUF opened at $24.54 on Friday. The company has a 50-day simple moving average of $24.26 and a two-hundred day simple moving average of $22.57. Arc Resources has a 12-month low of $15.50 and a 12-month high of $24.80. The firm has a market cap of $13.90 billion, a price-to-earnings ratio of 13.71 and a beta of 0.27. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.28.

Arc Resources (OTCMKTS:AETUF) last released its earnings results on Thursday, July 30th. The energy company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). Arc Resources had a net margin of 19.75% and a return on equity of 16.67%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.18 billion. On average, equities analysts forecast that Arc Resources will post 1.68 EPS for the current year.

Arc Resources Company Profile

ARC Resources Ltd. is a Canadian energy company engaged in the exploration, development, production and marketing of crude oil, condensate, natural gas and natural gas liquids. Its operations are focused primarily on resource-rich areas of Western Canada, with a significant presence in Alberta’s Montney and Greater Kakwa regions.

The company’s production portfolio includes liquids-rich natural gas, condensate, natural gas liquids and crude oil. ARC Resources sells its products to domestic and international markets through pipeline, transportation and marketing arrangements, and has pursued access to growing liquefied natural gas markets on Canada’s west coast.

ARC Resources traces its history to 1996 and became a publicly traded corporation in 2011 following the conversion of ARC Energy Trust.