Other analysts have also issued reports about the company. BidaskClub raised Archrock from a hold rating to a buy rating in a research note on Friday, September 15th. Royal Bank of Canada reaffirmed a buy rating and issued a $14.00 price objective on shares of Archrock in a research note on Thursday, January 4th. Zacks Investment Research raised Archrock from a hold rating to a buy rating and set a $14.00 price objective on the stock in a research note on Tuesday, October 3rd. Scotiabank reaffirmed a hold rating and issued a $14.00 price objective on shares of Archrock in a research note on Friday, November 3rd. Finally, ValuEngine raised Archrock from a sell rating to a hold rating in a research note on Friday, December 1st. Two investment 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’s stock. The stock presently has a consensus rating of Hold and an average target price of $13.25.
Shares of Archrock (NYSE AROC) remained flat at $$10.45 during midday trading on Thursday. The company’s stock had a trading volume of 749,300 shares, compared to its average volume of 1,495,167. 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 one year low of $8.30 and a one year high of $16.40. The company has a market cap of $742.11, a P/E 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 consensus estimate of ($0.08) by ($0.01). The business had revenue of $197.85 million during the quarter, compared to analyst estimates of $202.34 million. Archrock had a negative net margin of 8.62% and a negative return on equity of 2.93%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business earned $0.01 earnings per share. sell-side analysts predict that Archrock will post -0.23 EPS for the current year.
Hedge funds have recently made changes to their positions in the company. Pacad Investment Ltd. boosted its stake in shares of Archrock by 6.0% during the second quarter. Pacad Investment Ltd. now owns 8,900 shares of the energy company’s stock valued at $101,000 after purchasing an additional 500 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Archrock during the third quarter valued at about $131,000. Nine Chapters Capital Management LLC acquired a new stake in shares of Archrock during the third quarter valued at about $161,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Archrock during the third quarter valued at about $168,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Archrock during the second quarter valued at about $175,000. 83.36% of the stock is currently owned by hedge funds and other 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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