Arc Resources (OTCMKTS:AETUF) Shares Gap Up – What’s Next?
by Doug Wharley · The Cerbat GemArc Resources Ltd. (OTCMKTS:AETUF – Get Free Report)’s share price gapped up prior to trading on Monday . The stock had previously closed at $18.85, but opened at $22.27. Arc Resources shares last traded at $23.1308, with a volume of 110,572 shares trading hands.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. National Bank Financial cut shares of Arc Resources from an “outperform” rating to a “sector perform” rating in a research report on Friday, February 6th. Raymond James Financial cut shares of Arc Resources from a “moderate buy” rating to a “hold” rating in a research report on Friday, February 6th. Zacks Research raised shares of Arc Resources from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. Scotiabank raised shares of Arc Resources to a “hold” rating in a research report on Wednesday, April 1st. Finally, Canadian Imperial Bank of Commerce cut shares of Arc Resources from an “outperform” rating to a “hold” rating in a research report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.
View Our Latest Report on Arc Resources
Arc Resources Price Performance
The company’s 50-day moving average is $19.37 and its two-hundred day moving average is $18.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.70 and a quick ratio of 0.69. The firm has a market cap of $13.11 billion, a P/E ratio of 14.84, a PEG ratio of 0.74 and a beta of 0.20.
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 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 business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Sell-side analysts anticipate that Arc Resources Ltd. will post 2.02 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.