Cibc Captl Mkts Downgrades Arc Resources (OTCMKTS:AETUF) to Hold

Arc Resources (OTCMKTS:AETUF) was downgraded by investment analysts at Cibc Captl Mkts from a “strong-buy” rating to a “hold” rating in a report released on Friday,Zacks.com reports.

Several other equities analysts have also issued reports on the company. Canadian Imperial Bank of Commerce lowered Arc Resources from an “outperform” rating to a “neutral” rating in a research note on Friday. Raymond James Financial downgraded Arc Resources from an “outperform” rating to a “market perform” rating in a research report on Friday. National Bankshares cut Arc Resources from an “outperform” rating to a “sector perform” rating in a research report on Friday. Roth Mkm started coverage on Arc Resources in a research note on Friday, December 19th. They set a “buy” rating for the company. Finally, Capital One Financial raised shares of Arc Resources to a “strong-buy” rating in a report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Arc Resources presently has a consensus rating of “Hold”.

Arc Resources Stock Performance

AETUF opened at $16.71 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.53 and a current ratio of 0.54. Arc Resources has a 52-week low of $15.05 and a 52-week high of $23.86. The firm has a market cap of $9.55 billion, a P/E ratio of 10.71, a price-to-earnings-growth ratio of 1.37 and a beta of 0.29. The business’s fifty day moving average is $18.28 and its 200-day moving average is $18.49.

Arc Resources (OTCMKTS:AETUF) last posted its quarterly earnings results on Thursday, February 5th. The energy company reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. Arc Resources had a return on equity of 15.52% and a net margin of 22.03%.The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.07 billion. Sell-side analysts expect that Arc Resources will post 2.23 EPS for the current fiscal year.

Arc Resources Company Profile

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.