Archrock, Inc. (NYSE:AROC) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Saturday.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research raised Archrock from a “sell” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Thursday, May 25th. BidaskClub raised Archrock from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Capital One Financial Corporation cut Archrock from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 23rd. Scotiabank set a $15.00 price objective on Archrock and gave the stock a “hold” rating in a research report on Tuesday, August 1st. Finally, Royal Bank Of Canada restated a “hold” rating and set a $13.00 price target on shares of Archrock in a research note on Monday, May 15th. Three analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $13.29.

Shares of Archrock (NYSE AROC) traded down 3.11% during midday trading on Friday, hitting $9.35. The company had a trading volume of 826,867 shares. The company’s 50 day moving average is $10.96 and its 200 day moving average is $12.17. Archrock has a one year low of $9.10 and a one year high of $16.40. The firm’s market cap is $663.28 million.

Archrock (NYSE:AROC) last posted 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. Archrock had a negative return on equity of 3.44% and a negative net margin of 8.57%. The business had revenue of $198 million during the quarter, compared to analysts’ expectations of $196 million. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. Equities analysts forecast that Archrock will post ($0.20) earnings per share for the current fiscal year.

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Institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Archrock by 51,362.3% in the first quarter. BlackRock Inc. now owns 9,155,144 shares of the energy company’s stock valued at $113,523,000 after buying an additional 9,137,354 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Archrock by 98.3% in the second quarter. JPMorgan Chase & Co. now owns 2,970,711 shares of the energy company’s stock valued at $33,865,000 after buying an additional 1,472,445 shares in the last quarter. Norges Bank purchased a new position in shares of Archrock during the fourth quarter valued at about $17,843,000. Vanguard Group Inc. raised its position in shares of Archrock by 12.1% in the first quarter. Vanguard Group Inc. now owns 8,047,378 shares of the energy company’s stock valued at $99,787,000 after buying an additional 868,015 shares in the last quarter. Finally, FMR LLC purchased a new position in shares of Archrock during the first quarter valued at about $10,635,000. Hedge funds and other institutional investors own 88.53% 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Archrock (NYSE:AROC)

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