Archrock (AROC) Lowered to “Strong Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Archrock (NYSE:AROC) from a hold rating to a strong sell rating in a report published on Friday, November 10th.

According to Zacks, “Archrock, Inc. is a provider of natural gas contract compression services as well as supplier of aftermarket services of compression equipment. The company operates in the oil and gas producing regions primarily in the United States. Archrock, Inc., formerly known as Exterran Holdings, Inc., is based in Houston, United States. “

Several other analysts have also recently issued reports on AROC. BidaskClub raised shares of Archrock from a hold rating to a buy rating in a report on Wednesday, July 19th. Scotiabank set a $15.00 target price on shares of Archrock and gave the company a hold rating in a research note on Tuesday, August 1st. FBR & Co reiterated a market perform rating and set a $12.00 target price (up previously from $11.00) on shares of Archrock in a research note on Thursday, August 3rd. J P Morgan Chase & Co reiterated a neutral rating and set a $12.00 target price (down previously from $13.00) on shares of Archrock in a research note on Tuesday, August 8th. Finally, ValuEngine lowered shares of Archrock from a hold rating to a sell rating in a research note on Saturday, August 12th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $13.29.

Archrock (NYSE AROC) traded up $0.10 on Friday, reaching $9.55. 490,400 shares of the company traded hands, compared to its average volume of 567,183. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.94 and a current ratio of 1.63. Archrock has a 1 year low of $8.30 and a 1 year high of $16.40.

Archrock (NYSE:AROC) last posted its quarterly earnings results on Thursday, November 2nd. The energy company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The company had revenue of $197.85 million during the quarter, compared to analyst estimates of $202.34 million. Archrock had a negative net margin of 8.62% and a negative return on equity of 2.93%. The company’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.01 earnings per share. equities research analysts anticipate that Archrock will post -0.23 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th were paid a dividend of $0.12 per share. The ex-dividend date was Tuesday, November 7th. This represents a $0.48 annualized dividend and a yield of 5.03%. Archrock’s payout ratio is -48.98%.

Hedge funds have recently added to or reduced their stakes in the business. Pacad Investment Ltd. grew its position in shares of Archrock by 6.0% during the second quarter. Pacad Investment Ltd. now owns 8,900 shares of the energy company’s stock worth $101,000 after acquiring an additional 500 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Archrock during the third quarter worth about $131,000. State of Alaska Department of Revenue grew its position in shares of Archrock by 79.8% during the second quarter. State of Alaska Department of Revenue now owns 14,008 shares of the energy company’s stock worth $159,000 after acquiring an additional 6,218 shares during the last quarter. Nine Chapters Capital Management LLC bought a new position in shares of Archrock during the third quarter worth about $161,000. Finally, Crossmark Global Holdings Inc. bought a new position in shares of Archrock during the third quarter worth about $168,000. Hedge funds and other institutional investors own 90.34% 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.

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Analyst Recommendations for Archrock (NYSE:AROC)

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