Arc Resources (OTCMKTS:AETUF) Upgraded to “Strong-Buy” at Zacks Research

Zacks Research upgraded shares of Arc Resources (OTCMKTS:AETUF) from a hold rating to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.

Several other equities analysts have also recently issued reports on AETUF. Roth Mkm initiated coverage on Arc Resources in a research report on Friday, December 19th. They set a “buy” rating on the stock. Canadian Imperial Bank of Commerce cut Arc Resources from an “outperform” rating to a “hold” rating in a research report on Friday, February 6th. National Bank Financial cut Arc Resources from an “outperform” rating to a “sector perform” rating in a research report on Friday, February 6th. Scotiabank upgraded Arc Resources to a “hold” rating in a research report on Wednesday, April 1st. Finally, UBS Group cut Arc Resources from a “buy” rating to a “hold” rating in a report on Friday, December 12th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Arc Resources Stock Performance

OTCMKTS AETUF opened at $20.00 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.69 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $19.21 and its two-hundred day moving average is $18.55. Arc Resources has a 12-month low of $15.05 and a 12-month high of $23.86. The stock has a market capitalization of $11.37 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 1.00 and a beta of 0.20.

Arc Resources (OTCMKTS:AETUF) last released its earnings results 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 return on equity of 15.49% and a net margin of 22.03%.The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.07 billion. Research analysts expect that Arc Resources will post 2.23 EPS for the current 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.