ValuEngine upgraded shares of Archrock (NYSE:AROC) from a sell rating to a hold rating in a report released on Tuesday morning.
Several other equities analysts also recently weighed in on the stock. Zacks Investment Research upgraded shares of Archrock from a hold rating to a buy rating and set a $14.00 target price for the company in a report on Tuesday. B. Riley set a $16.00 target price on shares of Archrock and gave the company a buy rating in a report on Sunday, October 7th. Piper Jaffray Companies restated a buy rating and set a $14.75 target price on shares of Archrock in a report on Tuesday, August 7th. TheStreet upgraded shares of Archrock from a d+ rating to a c- rating in a report on Wednesday, August 1st. Finally, Royal Bank of Canada restated a buy rating and set a $16.00 target price on shares of Archrock in a report on Friday, August 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. Archrock has a consensus rating of Buy and an average target price of $14.54.
NYSE:AROC opened at $11.42 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 1.35 and a debt-to-equity ratio of 1.76. Archrock has a twelve month low of $8.25 and a twelve month high of $13.75. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of -57.10 and a beta of 2.86.
Archrock (NYSE:AROC) last posted its earnings results on Thursday, August 2nd. The energy company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. Archrock had a net margin of 4.19% and a return on equity of 0.45%. The firm had revenue of $226.87 million during the quarter, compared to the consensus estimate of $216.63 million. On average, research analysts forecast that Archrock will post 0.24 EPS for the current year.
In other news, CFO Doug S. Aron purchased 10,000 shares of the stock in a transaction dated Friday, August 17th. The stock was acquired at an average cost of $11.92 per share, for a total transaction of $119,200.00. Following the completion of the acquisition, the chief financial officer now directly owns 49,215 shares in the company, valued at approximately $586,642.80. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.54% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Archrock during the second quarter worth about $523,000. Flinton Capital Management LLC grew its holdings in shares of Archrock by 90.0% during the second quarter. Flinton Capital Management LLC now owns 25,976 shares of the energy company’s stock worth $312,000 after buying an additional 12,308 shares in the last quarter. Texas Permanent School Fund grew its holdings in shares of Archrock by 77.7% during the second quarter. Texas Permanent School Fund now owns 83,455 shares of the energy company’s stock worth $1,001,000 after buying an additional 36,486 shares in the last quarter. Pinebridge Investments L.P. grew its holdings in shares of Archrock by 89.0% during the second quarter. Pinebridge Investments L.P. now owns 192,032 shares of the energy company’s stock worth $2,304,000 after buying an additional 90,403 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Archrock by 48.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,140,544 shares of the energy company’s stock worth $13,687,000 after buying an additional 373,219 shares in the last quarter. Institutional investors and hedge funds own 88.90% of the company’s stock.
Archrock Company Profile
Archrock, Inc engages in the natural gas contract operations services business in the United States. The company provides natural gas compression services to customers in the oil and natural gas industry. It also offers aftermarket services, such as parts and components; and operation, maintenance, overhaul, and reconfiguration services to customers who own compression equipment.
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