Archrock (NYSE:AROC)‘s stock had its “buy” rating reiterated by equities research analysts at Royal Bank of Canada in a note issued to investors on Thursday, January 4th. They presently have a $14.00 target price on the energy company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 33.97% from the stock’s current price.
A number of other 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 reaffirmed a “hold” rating and set 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 report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $13.25.
Archrock (NYSE:AROC) traded up $0.45 on Thursday, hitting $10.45. 723,900 shares of the stock traded hands, compared to its average volume of 738,432. 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 1 year low of $8.30 and a 1 year high of $16.40. The stock has a market capitalization of $742.11, a PE ratio of -10.77 and a beta of 3.34.
Archrock (NYSE:AROC) last announced its earnings results 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 net margin of 8.62% and a negative return on equity of 2.93%. The business had revenue of $197.85 million for the quarter, compared to analysts’ expectations of $202.34 million. During the same period in the prior year, the company posted $0.01 earnings per share. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. equities analysts predict that Archrock will post -0.23 earnings per share for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of AROC. Arizona State Retirement System boosted its position in shares of 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 period. First Trust Advisors LP bought a new position in shares of Archrock in the second quarter worth approximately $1,539,000. Legal & General Group Plc boosted its position in shares of Archrock by 9.8% in the second quarter. Legal & General Group Plc now owns 138,821 shares of the energy company’s stock worth $1,583,000 after purchasing an additional 12,398 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of Archrock by 39.4% in the second quarter. BNP Paribas Arbitrage SA now owns 23,082 shares of the energy company’s stock worth $263,000 after purchasing an additional 6,529 shares during the period. Finally, Marshall Wace North America L.P. bought a new position in shares of Archrock in the second quarter worth approximately $1,007,000. Institutional investors and hedge funds own 83.36% of the company’s stock.
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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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