Archrock Inc (NYSE:AROC) has received a consensus rating of “Hold” from the ten analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $13.13.
A number of research firms recently weighed in on AROC. Zacks Investment Research raised shares of Archrock from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Tuesday, October 3rd. BidaskClub raised shares of Archrock from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Archrock in a report on Wednesday, September 27th. Scotiabank reaffirmed a “hold” rating and issued a $14.00 price objective on shares of Archrock in a report on Friday, November 3rd. Finally, B. Riley reaffirmed a “neutral” rating on shares of Archrock in a report on Wednesday, November 1st.
Archrock (NYSE:AROC) traded up $0.47 during mid-day trading on Monday, hitting $10.45. 725,327 shares of the company were exchanged, compared to its average volume of 738,432. 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 has a 1-year low of $8.30 and a 1-year high of $16.40. The firm has a market cap of $742.11, a PE ratio of -10.77 and a beta of 3.34.
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 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 firm had revenue of $197.85 million during the quarter, compared to analyst estimates of $202.34 million. During the same period last year, the business earned $0.01 EPS. The firm’s revenue was up 1.0% on a year-over-year basis. analysts expect that Archrock will post -0.23 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC bought a new position in Archrock in the 2nd quarter valued at about $175,000. Algert Global LLC grew its position in Archrock by 70.2% in the 3rd quarter. Algert Global LLC now owns 218,182 shares of the energy company’s stock valued at $2,738,000 after buying an additional 89,993 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its position in Archrock by 312.1% in the 2nd 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 in the last quarter. Principal Financial Group Inc. grew its position in Archrock by 1.8% in the 2nd 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 in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Archrock by 11.7% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 83.36% of the company’s stock.
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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