Brokerages Anticipate Archrock Inc (AROC) Will Announce Quarterly Sales of $149.31 Million

Equities research analysts expect Archrock Inc (NYSE:AROC) to report sales of $149.31 million for the current quarter, according to Zacks. Two analysts have issued estimates for Archrock’s earnings, with estimates ranging from $97.32 million to $201.30 million. Archrock reported sales of $193.78 million during the same quarter last year, which would suggest a negative year over year growth rate of 22.9%. The company is expected to report its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that Archrock will report full year sales of $149.31 million for the current fiscal year, with estimates ranging from $372.92 million to $787.00 million. For the next year, analysts expect that the firm will report sales of $655.39 million per share, with estimates ranging from $430.48 million to $880.30 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Archrock.

Archrock (NYSE:AROC) last released its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $202.34 million. During the same period last year, the company posted $0.01 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year.

AROC has been the subject of a number of research reports. Scotiabank reiterated a “hold” rating and issued a $14.00 price objective on shares of Archrock in a report on Friday, November 3rd. BidaskClub upgraded Archrock from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Royal Bank of Canada reiterated a “buy” rating and issued a $13.00 price objective on shares of Archrock in a report on Wednesday, September 27th. Zacks Investment Research downgraded Archrock from a “hold” rating to a “strong sell” rating in a report on Friday, November 10th. Finally, B. Riley reiterated a “neutral” rating on shares of Archrock in a report on Wednesday, November 1st. Two research 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 has an average rating of “Hold” and a consensus target price of $13.29.

Shares of Archrock (NYSE:AROC) traded down $0.10 during mid-day trading on Thursday, reaching $9.90. The company had a trading volume of 2,298,400 shares, compared to its average volume of 2,206,250. Archrock has a 12 month low of $8.30 and a 12 month high of $16.40. The stock has a market capitalization of $768.64, a price-to-earnings ratio of -10.10 and a beta of 3.40. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.63 and a quick ratio of 0.94.

Several institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its position in shares of Archrock by 0.4% during the second quarter. PNC Financial Services Group Inc. now owns 29,392 shares of the energy company’s stock valued at $335,000 after buying an additional 119 shares during the last quarter. Arizona State Retirement System boosted its position in Archrock by 0.5% in the second quarter. Arizona State Retirement System now owns 36,981 shares of the energy company’s stock worth $422,000 after purchasing an additional 200 shares during the last quarter. Pacad Investment Ltd. boosted its position in Archrock by 6.0% in the second quarter. Pacad Investment Ltd. now owns 8,900 shares of the energy company’s stock worth $101,000 after purchasing an additional 500 shares during the last quarter. Wells Fargo & Company MN boosted its position in Archrock by 1.1% in the second quarter. Wells Fargo & Company MN now owns 51,947 shares of the energy company’s stock worth $593,000 after purchasing an additional 573 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in Archrock by 0.8% in the second quarter. Nordea Investment Management AB now owns 212,600 shares of the energy company’s stock worth $2,424,000 after purchasing an additional 1,600 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors.

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Archrock Company Profile

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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