ARC Resources Ltd. (OTCMKTS: AETUF) Receives Consensus “Buy” Rating from Analysts

The shares of ARC Resources Ltd. (OTCMKTS:AETUF – Get Rating) received an average recommendation of “Buy” from the seven brokerages that currently cover the business, Marketbeat reports. A financial analyst gave the stock a buy rating. The 12-month average target price among analysts who updated their coverage of the stock in the past year is $22.18.

The AETUF has been the subject of several reports by research analysts. National Bank Financial raised its price target on ARC Resources shares from C$21.00 to C$24.00 in a Thursday, April 14 report. Scotiabank raised its price target on ARC Resources shares from C$26.00 to C$27.00 in a Monday, April 18 report. CIBC raised its price target on ARC Resources shares from C$20.00 to C$21.00 in a Thursday, April 14 report. BMO Capital Markets raised its price target on ARC Resources shares from C$20.00 to C$22.00 in a report on Friday. Finally, Stifel Nicolaus raised his price target on ARC Resources shares from C$20.25 to C$25.25 in a Thursday, April 14 report.

AETUF shares were down $1.71 on Tuesday, hitting $12.27. 90,602 shares of the stock traded in hands, compared to its average volume of 92,218. The company’s 50-day moving average price is $13.32 and its two-hundred-day moving average price is 11, $21. The company has a debt ratio of 0.29, a quick ratio of 0.47 and a current ratio of 0.48. The stock has a market capitalization of $8.36 billion, a PE ratio of 17.78 and a beta of 1.26. ARC Resources has a 12-month low of $5.87 and a 12-month high of $15.30.

ARC Resources (OTCMKTS:AETUF – Get Rating) last announced its quarterly results on Thursday, February 10. The energy company reported earnings per share of $0.85 for the quarter. The company had revenue of $1.41 billion for the quarter. ARC Resources had a net margin of 8.11% and a return on equity of 9.48%.

The company also recently declared a dividend, which was paid on Monday, April 18. Shareholders of record on Thursday, March 31 received a dividend of $0.0781 per share. The ex-dividend date was Wednesday, March 30. This represents a return of 2.35%. ARC Resources’ dividend payout ratio (DPR) is currently 46.38%.

About ARC resources (Get an assessment)

ARC Resources Ltd. explores, develops and produces crude oil, natural gas and natural gas liquids in Canada. The Company holds interests in the Montney properties located in northeastern British Columbia and northern Alberta; and the Pembina Cardium properties in central Alberta. As of December 31, 2020, it had proven and probable reserves of 929 million barrels of oil equivalent.

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Analyst Recommendations for ARC Resources (OTCMKTS: AETUF)

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