Raymond James reiterated their buy rating on shares of ARC Resources (OTCMKTS:AETUF) in a report issued on Thursday morning, TipRanks reports.
Separately, Tudor Pickering cut 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 stock has a market capitalization of $1.76 billion, a P/E ratio of 165.67 and a beta of 0.99. The company’s 50-day moving average price is $5.19. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.23. ARC Resources has a twelve month low of $4.69 and a twelve month high of $12.07.
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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