Archrock, Inc. (AROC) Upgraded at BidaskClub
Archrock, Inc. (NYSE:AROC) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Friday.
Several other analysts have also recently commented on the company. Scotiabank set a $15.00 target price on Archrock and gave the stock a “hold” rating in a report on Tuesday, June 20th. Capital One Financial Corporation cut Archrock from an “overweight” rating to an “equal weight” rating in a report on Friday, June 23rd. Royal Bank Of Canada upgraded Archrock from a “sector perform” rating to an “outperform” rating and set a $13.00 target price on the stock in a report on Monday, August 21st. Zacks Investment Research cut Archrock from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a $12.00 target price (down previously from $13.00) on shares of Archrock in a report on Tuesday, August 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $13.29.
Archrock (NYSE AROC) traded down 1.31% during midday trading on Friday, reaching $11.30. 1,279,693 shares of the company traded hands. Archrock has a 12-month low of $8.30 and a 12-month high of $16.40. The company has a 50-day moving average price of $10.25 and a 200-day moving average price of $11.33. The company’s market cap is $801.61 million.
Archrock (NYSE:AROC) last announced its earnings results on Tuesday, August 1st. The energy company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.08. The company had revenue of $198.00 million for the quarter, compared to analysts’ expectations of $196.00 million. Archrock had a negative return on equity of 3.44% and a negative net margin of 8.57%. The company’s revenue was up 4.2% compared to the same quarter last year. On average, analysts predict that Archrock will post ($0.20) earnings per share for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of AROC. Teachers Advisors LLC boosted its holdings in Archrock by 42.1% in the fourth quarter. Teachers Advisors LLC now owns 188,483 shares of the energy company’s stock valued at $2,488,000 after acquiring an additional 55,881 shares during the last quarter. Bank of Montreal Can boosted its holdings in Archrock by 40.7% in the first quarter. Bank of Montreal Can now owns 43,378 shares of the energy company’s stock valued at $539,000 after acquiring an additional 12,552 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Archrock by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 28,700 shares of the energy company’s stock valued at $356,000 after acquiring an additional 700 shares during the last quarter. Strs Ohio boosted its holdings in Archrock by 4.3% in the first quarter. Strs Ohio now owns 65,300 shares of the energy company’s stock valued at $809,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Archrock by 20.9% in the first quarter. Russell Investments Group Ltd. now owns 221,011 shares of the energy company’s stock valued at $2,741,000 after acquiring an additional 38,200 shares during the last quarter. Institutional investors and hedge funds own 91.86% of the company’s stock.
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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