Archrock (AROC) Shares Down 6.6%

Archrock Inc (NYSE:AROC)’s share price fell 6.6% during trading on Thursday . The stock traded as low as $10.61 and last traded at $10.62. 1,166,623 shares traded hands during trading, a decline of 17% from the average session volume of 1,409,998 shares. The stock had previously closed at $11.37.

Several research firms recently commented on AROC. Zacks Investment Research cut shares of Archrock from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. B. Riley set a $15.00 target price on shares of Archrock and gave the company a “buy” rating in a research note on Friday, July 13th. Piper Jaffray Companies set a $14.00 target price on shares of Archrock and gave the company a “buy” rating in a research note on Thursday. TheStreet upgraded shares of Archrock from a “d+” rating to a “c-” rating in a research note on Wednesday, August 1st. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $16.00 target price on shares of Archrock in a research note on Friday, August 3rd. One investment 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’s stock. The company has an average rating of “Buy” and a consensus price target of $14.43.

The company has a market cap of $1.37 billion, a PE ratio of -53.80 and a beta of 2.86. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.86 and a current ratio of 1.35.

Archrock (NYSE:AROC) last announced its quarterly earnings data on Thursday, August 2nd. The energy company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Archrock had a net margin of 4.19% and a return on equity of 0.45%. The company had revenue of $226.87 million during the quarter, compared to analysts’ expectations of $216.63 million. On average, equities research analysts forecast that Archrock Inc will post 0.24 earnings per share for the current year.

In other Archrock news, CFO Doug S. Aron acquired 10,000 shares of the company’s stock in a transaction dated Friday, August 17th. The stock was bought at an average price of $11.92 per share, for a total transaction of $119,200.00. Following the purchase, the chief financial officer now owns 49,215 shares in the company, valued at approximately $586,642.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.54% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Archrock in the 2nd quarter valued at $523,000. Flinton Capital Management LLC grew its holdings in shares of Archrock by 90.0% in the 2nd quarter. Flinton Capital Management LLC now owns 25,976 shares of the energy company’s stock worth $312,000 after purchasing an additional 12,308 shares during the last quarter. Texas Permanent School Fund grew its holdings in shares of Archrock by 77.7% in the 2nd quarter. Texas Permanent School Fund now owns 83,455 shares of the energy company’s stock worth $1,001,000 after purchasing an additional 36,486 shares during the last quarter. Pinebridge Investments L.P. grew its holdings in shares of Archrock by 89.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 192,032 shares of the energy company’s stock worth $2,304,000 after purchasing an additional 90,403 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Archrock by 48.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,140,544 shares of the energy company’s stock worth $13,687,000 after purchasing an additional 373,219 shares during the last quarter. Institutional investors own 88.90% of the company’s stock.

Archrock Company Profile (NYSE:AROC)

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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