Raymond James Reaffirms “Buy” Rating for ARC Resources (OTCMKTS:AETUF)

Raymond James restated their buy rating on shares of ARC Resources (OTCMKTS:AETUF) in a report released on Thursday, TipRanks reports.

Separately, Tudor Pickering lowered MEG Energy from a buy rating to a hold rating in a research note on Friday, June 7th.

OTCMKTS:AETUF opened at $4.88 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.97 and a quick ratio of 1.97. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 165.67 and a beta of 0.99. ARC Resources has a one year low of $4.69 and a one year high of $12.07. The business has a fifty day moving average of $5.19.

ARC Resources (OTCMKTS:AETUF) last posted its quarterly earnings data on Tuesday, April 30th. The energy company reported ($0.11) EPS for the quarter. The company had revenue of $247.69 million during the quarter. ARC Resources had a return on equity of 0.35% and a net margin of 0.78%.

About ARC Resources

ARC Resources Ltd., together with its subsidiaries, acquires, develops, and holds interest in petroleum and natural gas properties and assets in Canada. The company holds interests in the Montney properties located in northeast British Columbia and northern Alberta; and Cardium properties in the Pembina area of Alberta.

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