Arc Resources (OTCMKTS:AETUF) Shares Gap Up – What’s Next?

by · The Cerbat Gem

Arc Resources Ltd. (OTCMKTS:AETUF – Get Free Report)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $18.54, but opened at $19.44. Arc Resources shares last traded at $18.66, with a volume of 16,486 shares.

Analyst Ratings Changes

AETUF has been the subject of a number of recent analyst reports. Zacks Research raised shares of Arc Resources from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 17th. Raymond James Financial lowered Arc Resources from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 6th. Canadian Imperial Bank of Commerce cut Arc Resources from an “outperform” rating to a “hold” rating in a research report on Friday, February 6th. Roth Mkm began coverage on shares of Arc Resources in a report on Friday, December 19th. They issued a “buy” rating for the company. Finally, UBS Group downgraded Arc Resources from a “buy” rating to a “hold” rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Check Out Our Latest Report on Arc Resources

Arc Resources Price Performance

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 stock’s 50-day moving average is $18.04 and its 200-day moving average is $18.26. The firm has a market cap of $10.89 billion, a P/E ratio of 12.22, a price-to-earnings-growth ratio of 1.35 and a beta of 0.29.

Arc Resources (OTCMKTS:AETUF – Get Free Report) last posted 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 for the quarter, compared to the consensus estimate of $1.07 billion. As a group, equities analysts anticipate that Arc Resources Ltd. will post 2.23 EPS for the current fiscal year.

About Arc Resources

(Get Free Report)

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.

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