Archrock Inc (AROC) Scheduled to Post Quarterly Earnings on Monday
Archrock Inc (NYSE:AROC) is set to issue its quarterly earnings data before the market opens on Monday, October 30th. Analysts expect the company to announce earnings of ($0.08) per share for the quarter.
Archrock (NYSE:AROC) last issued its quarterly earnings data on Tuesday, August 1st. The energy company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.08. The business had revenue of $198.00 million for the quarter, compared to analyst estimates of $196.00 million. Archrock had a negative return on equity of 3.79% and a negative net margin of 2.04%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts expect Archrock to post $0.05 EPS for the current fiscal year and $0.28 EPS for the next fiscal year.
Archrock Inc (NYSE AROC) opened at 11.90 on Monday. The stock’s 50 day moving average price is $11.94 and its 200-day moving average price is $11.29. Archrock Inc has a one year low of $8.30 and a one year high of $16.40. The firm’s market cap is $844.17 million.
A number of analysts recently issued reports on AROC shares. Zacks Investment Research downgraded Archrock from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. BidaskClub downgraded Archrock from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 11th. ValuEngine downgraded Archrock from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. FBR & Co reaffirmed a “market perform” rating and issued a $12.00 target price (up previously from $11.00) on shares of Archrock in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada raised Archrock from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $13.46.
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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