Arc Resources (OTCMKTS:AETUF) Shares Gap Down – Should You Sell?
by Amy Steele · The Cerbat GemArc Resources Ltd. (OTCMKTS:AETUF – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $16.82, but opened at $16.00. Arc Resources shares last traded at $16.8390, with a volume of 25,036 shares trading hands.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on AETUF shares. Scotiabank cut Arc Resources from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 7th. TD Securities reissued a “buy” rating on shares of Arc Resources in a research report on Tuesday, September 30th. Capital One Financial raised shares of Arc Resources to a “strong-buy” rating in a report on Monday, October 27th. Cantor Fitzgerald initiated coverage on Arc Resources in a report on Monday, October 27th. They set an “overweight” rating on the stock. Finally, Roth Capital assumed coverage on Arc Resources in a research report on Friday, December 19th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.
Get Our Latest Analysis on Arc Resources
Arc Resources Price Performance
The company has a debt-to-equity ratio of 0.28, a current ratio of 0.54 and a quick ratio of 0.53. The company has a 50-day simple moving average of $18.25 and a 200-day simple moving average of $18.88. The stock has a market cap of $9.56 billion, a PE ratio of 9.88, a PEG ratio of 0.95 and a beta of 0.30.
Arc Resources (OTCMKTS:AETUF – Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The energy company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.14). The company had revenue of $889.86 million for the quarter, compared to analysts’ expectations of $1.05 billion. Arc Resources had a return on equity of 16.90% and a net margin of 25.94%. Sell-side analysts anticipate that Arc Resources Ltd. will post 2.23 EPS 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.