Wall Street Zen Upgrades Arc Resources (OTCMKTS:AETUF) to Strong-Buy

Arc Resources (OTCMKTS:AETUF) was upgraded by stock analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.

A number of other equities analysts have also weighed in on the stock. Raymond James Financial upgraded shares of Arc Resources to a “moderate buy” rating in a report on Monday, April 7th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Arc Resources in a report on Friday, May 16th. National Bankshares reiterated an “outperform” rating on shares of Arc Resources in a report on Friday, May 16th. Finally, Desjardins reissued a “buy” rating on shares of Arc Resources in a research note on Monday, May 5th. Three equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Arc Resources Stock Down 0.4%

Shares of OTCMKTS AETUF opened at $22.42 on Friday. Arc Resources has a 1 year low of $14.89 and a 1 year high of $23.86. The firm’s 50 day moving average price is $20.48 and its 200 day moving average price is $19.06. The firm has a market cap of $13.11 billion, a P/E ratio of 13.84, a price-to-earnings-growth ratio of 0.79 and a beta of 0.45. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.59 and a current ratio of 0.60.

Arc Resources (OTCMKTS:AETUF) last announced its earnings results on Thursday, May 1st. The energy company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.36 billion. Arc Resources had a net margin of 29.09% and a return on equity of 16.98%. As a group, sell-side analysts anticipate that Arc Resources will post 2.23 earnings per share for the current year.

Arc Resources Company Profile

ARC Resources Ltd. engages in the acquiring and developing crude oil, natural gas, condensate, and natural gas liquids in Canada. It primarily holds interests in the Montney basin located in Alberta and northeast British Columbia. ARC Resources Ltd. was founded in 1996 and is based in Calgary, Canada.