Archrock (NYSE:AROC) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Friday.

AROC has been the topic of several other reports. Zacks Investment Research raised shares of Archrock from a “sell” rating to a “hold” rating in a research note on Monday, September 25th. Royal Bank Of Canada reissued a “buy” rating and set a $13.00 price target on shares of Archrock in a research note on Wednesday, September 27th. BidaskClub raised shares of Archrock from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Finally, Scotiabank reissued a “hold” rating and set a $14.00 price target on shares of Archrock in a research note on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $13.29.

Archrock (NYSE:AROC) traded up $0.40 on Friday, hitting $9.90. 372,452 shares of the stock traded hands, compared to its average volume of 371,013. Archrock has a twelve month low of $8.30 and a twelve month high of $16.40. The company has a current ratio of 1.63, a quick ratio of 0.94 and a debt-to-equity ratio of 1.99.

Archrock (NYSE:AROC) last released its quarterly earnings results on Thursday, November 2nd. The energy company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.01). Archrock had a negative net margin of 8.62% and a negative return on equity of 2.93%. The company had revenue of $197.85 million for the quarter, compared to the consensus estimate of $202.34 million. During the same period last year, the company earned $0.01 earnings per share. Archrock’s revenue for the quarter was up 1.0% compared to the same quarter last year. equities analysts anticipate that Archrock will post -0.23 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in AROC. Teachers Advisors LLC lifted its holdings in Archrock by 4.1% in the first quarter. Teachers Advisors LLC now owns 196,241 shares of the energy company’s stock valued at $2,433,000 after buying an additional 7,758 shares during the period. UBS Group AG raised its holdings in Archrock by 101.3% in the first quarter. UBS Group AG now owns 20,020 shares of the energy company’s stock worth $248,000 after purchasing an additional 10,077 shares during the period. Bank of America Corp DE raised its holdings in Archrock by 34.2% in the first quarter. Bank of America Corp DE now owns 249,976 shares of the energy company’s stock worth $3,100,000 after purchasing an additional 63,724 shares during the period. State Street Corp raised its holdings in Archrock by 3.9% in the first quarter. State Street Corp now owns 2,243,750 shares of the energy company’s stock worth $27,824,000 after purchasing an additional 83,282 shares during the period. Finally, Bank of Montreal Can raised its holdings in Archrock by 15.3% in the second quarter. Bank of Montreal Can now owns 50,000 shares of the energy company’s stock worth $570,000 after purchasing an additional 6,622 shares during the period. Institutional investors and hedge funds own 90.34% of the company’s stock.

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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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Analyst Recommendations for Archrock (NYSE:AROC)

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