Arc Resources (OTCMKTS:AETUF) Shares Gap Up – What’s Next?
by Renee Jackson · 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 $18.13, but opened at $18.81. Arc Resources shares last traded at $18.15, with a volume of 31,168 shares changing hands.
Analyst Ratings Changes
AETUF has been the subject of several analyst reports. 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. Zacks Research upgraded Arc Resources from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 6th. Scotiabank upgraded shares of Arc Resources to a “hold” rating in a report on Wednesday, April 1st. National Bank Financial downgraded Arc Resources from an “outperform” rating to a “sector perform” rating in a report on Friday, February 6th. Finally, Raymond James Financial downgraded Arc Resources from a “moderate buy” rating to a “hold” rating in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Arc Resources currently has a consensus rating of “Moderate Buy”.
Read Our Latest Stock Analysis on Arc Resources
Arc Resources Stock Performance
The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.69 and a current ratio of 0.70. The company has a fifty day moving average of $19.24 and a two-hundred day moving average of $18.56. The firm has a market capitalization of $10.40 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 0.91 and a beta of 0.20.
Arc Resources (OTCMKTS:AETUF – Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The energy company reported $0.32 EPS for the quarter, meeting 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 for the quarter, compared to the consensus estimate of $1.07 billion. As a group, equities research analysts predict that Arc Resources Ltd. will post 2.23 earnings per share 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.