ARC Resources (OTCMKTS:AETUF) Price Target Raised to C$22.00

ARC Resources (OTCMKTS:AETUF) had its price objective boosted by stock analysts at Scotiabank from C$19.00 to C$22.00 in a note issued to investors on Thursday, The Fly reports. The brokerage currently has an “outperform” rating on the energy company’s stock.

Several other equities research analysts have also recently issued reports on the company. National Bank Financial lifted their price objective on ARC Resources from C$13.50 to C$18.50 and gave the stock an “outperform” rating in a report on Wednesday, September 29th. Canaccord Genuity boosted their target price on ARC Resources from C$15.00 to C$16.00 and gave the stock a “buy” rating in a report on Wednesday, September 15th. CIBC boosted their target price on ARC Resources from C$12.00 to C$14.00 and gave the stock an “outperform” rating in a report on Wednesday, July 14th. Finally, Stifel Nicolaus boosted their target price on ARC Resources from C$17.00 to C$18.00 and gave the stock a “buy” rating in a report on Thursday, September 23rd. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $15.25.

AETUF stock traded down $0.14 during trading on Thursday, hitting $9.50. The stock had a trading volume of 90,479 shares, compared to its average volume of 67,369. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.38 and a quick ratio of 0.38. ARC Resources has a twelve month low of $4.33 and a twelve month high of $10.51. The stock has a market capitalization of $6.89 billion, a P/E ratio of 25.68 and a beta of 1.86. The company’s 50-day moving average price is $7.79 and its two-hundred day moving average price is $7.48.

ARC Resources (OTCMKTS:AETUF) last posted its quarterly earnings data on Thursday, July 29th. The energy company reported ($0.13) earnings per share (EPS) for the quarter. ARC Resources had a return on equity of 2.49% and a net margin of 4.37%. The firm had revenue of $1 billion during the quarter.

About ARC Resources

ARC Resources Ltd. engages in the exploration, development and production of crude oil and natural gas. Its projects include Montney operations in northeast British Columbia, and the Pembina Cardium in Alberta. The company was founded by John Patrick Dielwart and Mac H. van Wielingen in 1996 and is headquartered in Calgary, Canada.

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