Archrock, Inc. (NYSE:AROC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Monday.

According to Zacks, “Archrock, Inc. is a provider of natural gas contract compression services as well as supplier of aftermarket services of compression equipment. The company operates in the oil and gas producing regions primarily in the United States. Archrock, Inc., formerly known as Exterran Holdings, Inc., is based in Houston, United States. “

AROC has been the subject of several other reports. Capital One Financial Corporation lowered Archrock from an “overweight” rating to an “equal weight” rating in a research note on Friday, June 23rd. Royal Bank Of Canada reissued a “hold” rating and set a $13.00 price objective on shares of Archrock in a research note on Friday, May 5th. Simmons raised their price objective on Archrock from $14.25 to $14.75 and gave the stock a “neutral” rating in a research note on Tuesday, April 11th. Scotiabank set a $15.00 price objective on Archrock and gave the stock a “hold” rating in a research note on Tuesday, June 20th. Finally, BidaskClub lowered Archrock from a “buy” rating to a “hold” rating in a research note on Friday. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. Archrock has an average rating of “Hold” and an average price target of $13.46.

Shares of Archrock (NYSE:AROC) traded down 1.46% during mid-day trading on Monday, hitting $10.15. The stock had a trading volume of 598,827 shares. The company has a 50 day moving average price of $11.10 and a 200 day moving average price of $12.39. Archrock has a 12-month low of $8.52 and a 12-month high of $16.40. The firm’s market cap is $720.03 million.

Archrock (NYSE:AROC) last released its quarterly earnings data on Tuesday, August 1st. The energy company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.08. The business had revenue of $198 million during the quarter, compared to analyst estimates of $196 million. Archrock had a negative return on equity of 3.44% and a negative net margin of 8.57%. Archrock’s quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts forecast 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 the company. Viking Fund Management acquired a new stake in shares of Archrock during the fourth quarter valued at approximately $8,009,000. New York State Teachers Retirement System boosted its stake in shares of Archrock by 4.9% in the fourth quarter. New York State Teachers Retirement System now owns 143,802 shares of the energy company’s stock valued at $1,898,000 after buying an additional 6,700 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Archrock by 98.7% in the second quarter. BNP Paribas Arbitrage SA now owns 24,183 shares of the energy company’s stock valued at $228,000 after buying an additional 12,014 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Archrock by 50.7% in the third quarter. JPMorgan Chase & Co. now owns 1,453,011 shares of the energy company’s stock valued at $19,005,000 after buying an additional 489,098 shares during the period. Finally, HITE Hedge Asset Management LLC acquired a new stake in shares of Archrock during the second quarter valued at approximately $12,561,000. 88.53% of the stock is owned by institutional investors and hedge funds.

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.

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