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

Arc Resources Ltd. (OTCMKTS:AETUF)’s share price gapped up prior to trading on Friday . The stock had previously closed at $20.9601, but opened at $21.99. Arc Resources shares last traded at $20.9625, with a volume of 4,552 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. UBS Group downgraded shares of Arc Resources from a “buy” rating to a “hold” rating in a research note on Friday, December 12th. Zacks Research raised shares of Arc Resources from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 17th. 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 lowered Arc Resources from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 6th. Finally, Canadian Imperial Bank of Commerce cut Arc Resources from an “outperform” rating to a “hold” rating in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Arc Resources currently has a consensus rating of “Moderate Buy”.

Arc Resources Price Performance

The stock has a market cap of $12.06 billion, a PE ratio of 13.54, a price-to-earnings-growth ratio of 1.27 and a beta of 0.26. 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 company’s fifty day moving average is $18.41 and its 200 day moving average is $18.33.

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