B. Riley set a $12.00 price target on Archrock (NYSE:AROC) in a research report report published on Thursday morning. The firm currently has a hold rating on the energy company’s stock.
Several other research firms have also weighed in on AROC. Zacks Investment Research upgraded Archrock from a hold rating to a buy rating and set a $14.00 target price on the stock in a report on Tuesday, October 3rd. BidaskClub upgraded Archrock from a buy rating to a strong-buy rating in a report on Thursday, September 28th. Royal Bank of Canada restated a buy rating and set a $13.00 target price on shares of Archrock in a report on Wednesday, September 27th. Scotiabank restated a hold rating and set a $14.00 target price on shares of Archrock in a report on Friday, November 3rd. Finally, ValuEngine upgraded Archrock from a sell rating to a hold rating in a report on Friday, December 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 company’s stock. The stock currently has an average rating of Hold and a consensus price target of $13.25.
Archrock (AROC) remained flat at $$10.45 during midday trading on Thursday. 749,388 shares of the stock were exchanged, compared to its average volume of 756,168. Archrock has a 52 week low of $8.30 and a 52 week high of $16.40. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.63 and a quick ratio of 0.94. The company has a market capitalization of $742.11, a P/E ratio of -10.77 and a beta of 3.34.
Archrock (NYSE:AROC) last posted its earnings results on Thursday, November 2nd. The energy company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ 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 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 earnings per share. Archrock’s quarterly revenue was up 1.0% on a year-over-year basis. equities analysts anticipate that Archrock will post -0.23 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. Piedmont Investment Advisors LLC bought a new position in shares of Archrock in the second quarter worth about $175,000. Algert Global LLC increased its stake in shares of Archrock by 70.2% in the third quarter. Algert Global LLC now owns 218,182 shares of the energy company’s stock worth $2,738,000 after purchasing an additional 89,993 shares during the period. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Archrock by 312.1% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 215,426 shares of the energy company’s stock worth $2,456,000 after purchasing an additional 163,149 shares during the period. Principal Financial Group Inc. increased its stake in shares of Archrock by 1.8% in the second quarter. Principal Financial Group Inc. now owns 570,136 shares of the energy company’s stock worth $6,499,000 after purchasing an additional 9,951 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Archrock by 11.7% in the second quarter. Goldman Sachs Group Inc. now owns 551,374 shares of the energy company’s stock worth $6,285,000 after purchasing an additional 57,669 shares during the period. Institutional investors and hedge funds own 83.36% of the company’s stock.
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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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