Archrock, Inc. (AROC) Stake Lowered by Macquarie Group Ltd.

Macquarie Group Ltd. decreased its position in shares of Archrock, Inc. (NYSE:AROC) by 68.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,240 shares of the energy company’s stock after selling 37,608 shares during the quarter. Macquarie Group Ltd.’s holdings in Archrock were worth $181,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. CIBC Asset Management Inc purchased a new stake in Archrock in the fourth quarter worth approximately $106,000. Amalgamated Bank purchased a new stake in Archrock in the fourth quarter worth approximately $106,000. BlueCrest Capital Management Ltd purchased a new stake in Archrock in the fourth quarter worth approximately $109,000. Virtu Financial LLC purchased a new stake in Archrock in the fourth quarter worth approximately $111,000. Finally, Fox Run Management L.L.C. purchased a new stake in Archrock in the fourth quarter worth approximately $180,000. Hedge funds and other institutional investors own 91.88% of the company’s stock.

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AROC has been the topic of several research reports. Zacks Investment Research upgraded shares of Archrock from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. B. Riley set a $12.00 target price on shares of Archrock and gave the stock a “hold” rating in a report on Thursday, January 11th. Royal Bank of Canada restated a “buy” rating and issued a $14.00 target price on shares of Archrock in a report on Thursday, January 4th. Piper Jaffray upgraded shares of Archrock from a “neutral” rating to an “overweight” rating in a report on Friday, January 26th. Finally, JPMorgan Chase upgraded shares of Archrock from a “neutral” rating to an “overweight” rating and set a $13.00 price target on the stock in a research note on Thursday, March 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. Archrock currently has an average rating of “Hold” and an average target price of $12.50.

Shares of Archrock stock opened at $10.15 on Tuesday. The firm has a market cap of $705.94, a PE ratio of -49.25 and a beta of 2.91. Archrock, Inc. has a 1-year low of $8.25 and a 1-year high of $13.01. The company has a debt-to-equity ratio of 1.93, a quick ratio of 1.00 and a current ratio of 1.69.

Archrock (NYSE:AROC) last issued its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.07. The business had revenue of $208.90 million for the quarter, compared to analysts’ expectations of $200.88 million. Archrock had a net margin of 2.39% and a negative return on equity of 2.31%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the company posted ($0.06) EPS. equities analysts expect that Archrock, Inc. will post 0.19 EPS for the current fiscal year.

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About Archrock

Archrock, Inc engages in the provision of operations, maintenance, service, and equipment for oil and natural gas production, processing, and transportation applications. It operates through the Contract Operations and Aftermarket Services segments. The Contract Operations segment is comprised of equity investment in the partnership, in addition to the owned fleet of natural gas compression equipment that the company use to provide operations services.

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Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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