Archrock Inc (AROC) Given Consensus Recommendation of “Hold” by Brokerages

Archrock Inc (NYSE:AROC) has received an average rating of “Hold” from the eight research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $14.25.

A number of equities analysts recently issued reports on AROC shares. Zacks Investment Research lowered Archrock from a “buy” rating to a “hold” rating in a report on Tuesday, January 29th. B. Riley reaffirmed a “buy” rating on shares of Archrock in a research note on Friday, February 22nd. Finally, ValuEngine raised Archrock from a “sell” rating to a “hold” rating in a research note on Monday, February 4th.

Several institutional investors have recently modified their holdings of AROC. Advisor Group Inc. grew its stake in Archrock by 70.1% in the fourth quarter. Advisor Group Inc. now owns 3,782 shares of the energy company’s stock valued at $28,000 after purchasing an additional 1,558 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new position in Archrock in the fourth quarter valued at approximately $49,000. Signition LP acquired a new position in shares of Archrock during the 4th quarter worth approximately $76,000. LS Investment Advisors LLC raised its stake in shares of Archrock by 234.3% during the 4th quarter. LS Investment Advisors LLC now owns 12,917 shares of the energy company’s stock worth $97,000 after buying an additional 9,053 shares during the period. Finally, Citigroup Inc. raised its stake in Archrock by 99.4% in the 4th quarter. Citigroup Inc. now owns 15,255 shares of the energy company’s stock valued at $114,000 after purchasing an additional 7,603 shares during the last quarter. 88.70% of the stock is owned by institutional investors and hedge funds.

AROC stock traded up $0.04 during mid-day trading on Wednesday, reaching $10.01. The company had a trading volume of 6,434 shares, compared to its average volume of 836,699. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.70 and a quick ratio of 1.19. The firm has a market capitalization of $1.32 billion, a P/E ratio of 20.81 and a beta of 2.89. Archrock has a fifty-two week low of $7.26 and a fifty-two week high of $13.75.

Archrock (NYSE:AROC) last released its quarterly earnings results on Tuesday, February 19th. The energy company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.02. Archrock had a return on equity of 4.09% and a net margin of 2.33%. The company had revenue of $233.20 million during the quarter, compared to analysts’ expectations of $232.15 million. Archrock’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, analysts expect that Archrock will post 0.67 EPS for the current year.

Archrock Company Profile

Archrock, Inc operates as a midstream energy infrastructure company in the United States. It operates in two segments, Contract Operations and Aftermarket Services. 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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Analyst Recommendations for Archrock (NYSE:AROC)

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