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

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 topic of several other reports. Capital One Financial Corporation downgraded shares of Archrock from an “overweight” rating to an “equal weight” rating in a report on Friday, June 23rd. Royal Bank Of Canada restated a “buy” rating and set a $13.00 target price on shares of Archrock in a report on Wednesday, September 27th. BidaskClub upgraded shares of Archrock from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. FBR & Co reaffirmed a “market perform” rating and set a $12.00 price target (up from $11.00) on shares of Archrock in a research note on Thursday, August 3rd. Finally, Scotiabank set a $15.00 price target on shares of Archrock and gave the stock a “hold” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $13.46.

Shares of Archrock (NYSE:AROC) traded up 1.21% on Tuesday, reaching $12.50. 250,183 shares of the company were exchanged. The stock’s market capitalization is $886.74 million. Archrock has a 12 month low of $8.30 and a 12 month high of $16.40. The stock has a 50 day moving average price of $11.35 and a 200-day moving average price of $11.27.

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 firm had revenue of $198.00 million for the quarter, compared to the consensus estimate of $196.00 million. Archrock had a negative net margin of 8.57% and a negative return on equity of 3.44%. Archrock’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts expect that Archrock will post ($0.20) EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of AROC. Pacad Investment Ltd. grew its stake in shares of Archrock by 6.0% during the 2nd quarter. Pacad Investment Ltd. now owns 8,900 shares of the energy company’s stock worth $101,000 after acquiring an additional 500 shares in the last quarter. Virginia Retirement Systems ET AL grew its stake in shares of Archrock by 16.5% during the 1st quarter. Virginia Retirement Systems ET AL now owns 12,231 shares of the energy company’s stock worth $152,000 after acquiring an additional 1,731 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Archrock by 79.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 14,008 shares of the energy company’s stock worth $159,000 after acquiring an additional 6,218 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Archrock during the 2nd quarter worth approximately $175,000. Finally, Municipal Employees Retirement System of Michigan grew its stake in shares of Archrock by 4.9% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 16,650 shares of the energy company’s stock worth $190,000 after acquiring an additional 780 shares in the last quarter. 91.86% of the stock is owned by institutional investors.

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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