Archrock, Inc. (NYSE:AROC) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Wednesday.
Several other equities analysts have also issued reports on AROC. Zacks Investment Research upgraded Archrock from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, October 3rd. Royal Bank Of Canada reiterated a “buy” rating and issued a $13.00 price target on shares of Archrock in a research note on Wednesday, September 27th. Scotiabank set a $15.00 price target on Archrock and gave the company a “hold” rating in a research note on Tuesday, August 1st. FBR & Co reiterated a “market perform” rating and issued a $12.00 price target (up previously from $11.00) on shares of Archrock in a research note on Thursday, August 3rd. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and issued a $12.00 price target (down previously from $13.00) on shares of Archrock in a research note on Tuesday, August 8th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Archrock currently has a consensus rating of “Hold” and a consensus price target of $13.29.
Archrock (AROC) traded down $0.05 during trading on Wednesday, reaching $9.50. The company’s stock had a trading volume of 304,000 shares, compared to its average volume of 575,639. Archrock has a 12-month low of $8.30 and a 12-month high of $16.40. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.94 and a current ratio of 1.63.
Archrock (NYSE:AROC) last posted its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.01). Archrock had a negative return on equity of 2.93% and a negative net margin of 8.62%. The company had revenue of $197.85 million for the quarter, compared to the consensus estimate of $202.34 million. During the same quarter last year, the business earned $0.01 EPS. Archrock’s revenue was up 1.0% on a year-over-year basis. equities research analysts expect that Archrock will post -0.23 earnings per share for the current fiscal year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pacad Investment Ltd. boosted its holdings 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 valued at $101,000 after acquiring an additional 500 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Archrock during the 3rd quarter valued at $131,000. State of Alaska Department of Revenue boosted its holdings 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 valued at $159,000 after acquiring an additional 6,218 shares in the last quarter. Nine Chapters Capital Management LLC acquired a new stake in shares of Archrock during the 3rd quarter valued at $161,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Archrock during the 3rd quarter valued at $168,000. 90.90% of the stock is currently owned by institutional investors.
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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