Archrock (NYSE:AROC)‘s stock had its “buy” rating reaffirmed by research analysts at Royal Bank of Canada in a research report issued on Thursday. They presently have a $14.00 price target on the energy company’s stock. Royal Bank of Canada’s target price points to a potential upside of 46.60% from the stock’s current price.
A number of other research analysts have also recently commented on AROC. BidaskClub raised shares of Archrock from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Zacks Investment Research raised shares of Archrock from a “sell” rating to a “hold” rating in a report on Monday, September 25th. Scotiabank reissued a “hold” rating and issued a $14.00 target price on shares of Archrock in a report on Friday, November 3rd. Finally, B. Riley reaffirmed a “neutral” rating on shares of Archrock in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Archrock currently has an average rating of “Hold” and an average price target of $13.46.
Archrock (NYSE:AROC) traded down $0.35 during mid-day trading on Thursday, hitting $9.55. 2,078,642 shares of the stock were exchanged, compared to its average volume of 2,163,700. The company has a market capitalization of $678.20, a PE ratio of -9.85 and a beta of 3.34. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.63 and a quick ratio of 0.94. Archrock has a 52-week low of $8.30 and a 52-week high of $16.40.
Institutional investors have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC acquired a new position in shares of Archrock in the second quarter valued at approximately $175,000. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Archrock by 312.1% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 215,426 shares of the energy company’s stock valued at $2,456,000 after buying an additional 163,149 shares during the period. Principal Financial Group Inc. increased its stake in shares of Archrock by 1.8% in the second quarter. Principal Financial Group Inc. now owns 570,136 shares of the energy company’s stock valued at $6,499,000 after buying an additional 9,951 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Archrock by 11.7% in the second quarter. Goldman Sachs Group Inc. now owns 551,374 shares of the energy company’s stock valued at $6,285,000 after buying an additional 57,669 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Archrock by 3.1% in the second quarter. Northern Trust Corp now owns 866,022 shares of the energy company’s stock valued at $9,872,000 after buying an additional 25,951 shares during the period. 90.23% of the stock is owned by institutional investors.
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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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