Archrock (AROC) Rating Reiterated by Royal Bank of Canada

Archrock (NYSE:AROC)‘s stock had its “buy” rating reissued by stock analysts at Royal Bank of Canada in a research report issued on Thursday, January 4th. They currently have a $14.00 target price on the energy company’s stock. Royal Bank of Canada’s target price indicates a potential upside of 33.97% from the stock’s previous close.

Several other equities analysts have also recently commented on AROC. BidaskClub raised shares of Archrock from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Zacks Investment Research raised shares of Archrock from a “sell” rating to a “hold” rating in a report on Monday, September 25th. Scotiabank reaffirmed a “hold” rating and issued a $14.00 price target on shares of Archrock in a report on Friday, November 3rd. Finally, B. Riley reaffirmed a “neutral” rating on shares of Archrock in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Archrock has a consensus rating of “Hold” and a consensus target price of $13.25.

Shares of Archrock (AROC) remained flat at $$10.45 on Thursday. 749,300 shares of the stock traded hands, compared to its average volume of 1,495,167. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.94 and a current ratio of 1.63. The company has a market capitalization of $803.22, a price-to-earnings ratio of -10.66 and a beta of 3.40. Archrock has a 52-week low of $8.30 and a 52-week high of $16.40.

Archrock (NYSE:AROC) last issued its earnings results on Thursday, November 2nd. The energy company reported ($0.09) EPS 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 firm had revenue of $197.85 million during the quarter, compared to analyst estimates of $202.34 million. During the same quarter in the prior year, the business earned $0.01 earnings per share. The business’s quarterly revenue was up 1.0% on a year-over-year basis. research analysts forecast that Archrock will post -0.23 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SL Advisors LLC grew its position in shares of Archrock by 11.4% during the 4th quarter. SL Advisors LLC now owns 696,264 shares of the energy company’s stock valued at $7,310,000 after purchasing an additional 71,036 shares in the last quarter. Susquehanna International Group LLP grew its position in Archrock by 96.6% in the third quarter. Susquehanna International Group LLP now owns 128,000 shares of the energy company’s stock worth $1,606,000 after acquiring an additional 62,908 shares in the last quarter. Algert Global LLC grew its position in 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 acquiring an additional 89,993 shares in the last quarter. Sterling Capital Management LLC purchased a new position in Archrock in the third quarter worth $1,014,000. Finally, Neuberger Berman Group LLC grew its position in Archrock by 44.1% in the third quarter. Neuberger Berman Group LLC now owns 26,606 shares of the energy company’s stock worth $334,000 after acquiring an additional 8,140 shares in the last quarter. Hedge funds and other institutional investors 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.

Analyst Recommendations for Archrock (NYSE:AROC)

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