Archrock, Inc. (NYSE:AROC) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Other analysts have also issued research reports about the stock. Scotiabank set a $16.00 price objective on shares of Archrock and gave the company a “hold” rating in a research note on Saturday, May 6th. FBR & Co reiterated a “market perform” rating and set a $12.00 price objective (up previously from $11.00) on shares of Archrock in a research note on Thursday. Zacks Investment Research upgraded shares of Archrock from a “sell” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Thursday, May 25th. Royal Bank Of Canada reiterated a “hold” rating and set a $13.00 price objective on shares of Archrock in a research note on Monday, May 15th. Finally, Simmons lifted their price objective on shares of Archrock from $14.25 to $14.75 and gave the company a “neutral” rating in a research note on Tuesday, April 11th. Nine equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus price target of $13.46.

Shares of Archrock (NYSE AROC) traded down 1.72% during midday trading on Friday, hitting $10.30. 313,703 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $11.10 and its 200-day moving average is $12.39. The stock’s market cap is $730.67 million. Archrock has a 1-year low of $8.52 and a 1-year high of $16.40.

Archrock (NYSE:AROC) last posted its quarterly earnings data on Tuesday, August 1st. The energy company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.08. The company had revenue of $198 million for the quarter, compared to analyst estimates of $196 million. Archrock had a negative net margin of 8.57% and a negative return on equity of 3.44%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Analysts predict that Archrock will post ($0.29) earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of AROC. Virginia Retirement Systems ET AL raised its stake in shares of Archrock by 16.5% in the first quarter. Virginia Retirement Systems ET AL now owns 12,231 shares of the energy company’s stock worth $152,000 after buying an additional 1,731 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Archrock by 79.8% in the second quarter. State of Alaska Department of Revenue now owns 14,008 shares of the energy company’s stock worth $159,000 after buying an additional 6,218 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in shares of Archrock by 4.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 16,650 shares of the energy company’s stock worth $190,000 after buying an additional 780 shares during the period. Mason Street Advisors LLC raised its stake in shares of Archrock by 8.4% in the first quarter. Mason Street Advisors LLC now owns 16,494 shares of the energy company’s stock worth $205,000 after buying an additional 1,279 shares during the period. Finally, UBS Group AG raised its stake in shares of Archrock by 101.3% in the first quarter. UBS Group AG now owns 20,020 shares of the energy company’s stock worth $248,000 after buying an additional 10,077 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

About Archrock

Archrock, Inc is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States.

Analyst Recommendations for Archrock (NYSE:AROC)

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