Arc Resources (OTCMKTS:AETUF) Shares Gap Down – Here’s Why

Shares of Arc Resources Ltd. (OTCMKTS:AETUF) gapped down before the market opened on Wednesday . The stock had previously closed at $20.79, but opened at $19.15. Arc Resources shares last traded at $19.7380, with a volume of 5,144 shares trading hands.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. National Bank Financial downgraded Arc Resources from an “outperform” rating to a “sector perform” rating in a report on Friday, February 6th. Raymond James Financial downgraded Arc Resources from a “moderate buy” rating to a “hold” rating in a report on Friday, February 6th. Canadian Imperial Bank of Commerce cut Arc Resources from an “outperform” rating to a “hold” rating in a research note on Friday, February 6th. Zacks Research raised Arc Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 17th. Finally, Roth Mkm initiated coverage on shares of Arc Resources in a research report on Friday, December 19th. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Arc Resources Price Performance

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.69 and a current ratio of 0.70. The business has a 50 day moving average price of $19.06 and a 200-day moving average price of $18.48. The company has a market capitalization of $11.22 billion, a price-to-earnings ratio of 12.65, a P/E/G ratio of 1.06 and a beta of 0.26.

Arc Resources (OTCMKTS:AETUF) last issued its 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. Arc Resources had a return on equity of 15.49% 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. Research analysts predict that Arc Resources Ltd. 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.