Archrock Inc (AROC) Receives Consensus Recommendation of “Hold” from Analysts

Archrock Inc (NYSE:AROC) has earned an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $13.35.

A number of equities analysts have recently commented on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $14.00 price objective on shares of Archrock in a report on Thursday. ValuEngine raised shares of Archrock from a “sell” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub downgraded shares of Archrock from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Zacks Investment Research downgraded shares of Archrock from a “hold” rating to a “strong sell” rating in a report on Friday, November 10th. Finally, B. Riley reaffirmed a “neutral” rating on shares of Archrock in a report on Wednesday, November 1st.

Hedge funds have recently made changes to their positions in the stock. Pacad Investment Ltd. lifted its holdings in Archrock by 6.0% during the 2nd quarter. Pacad Investment Ltd. now owns 8,900 shares of the energy company’s stock valued at $101,000 after purchasing an additional 500 shares during the last quarter. Trexquant Investment LP bought a new position in Archrock during the 3rd quarter valued at about $131,000. Nine Chapters Capital Management LLC bought a new position in Archrock during the 3rd quarter valued at about $161,000. Crossmark Global Holdings Inc. bought a new position in Archrock during the 3rd quarter valued at about $168,000. Finally, Piedmont Investment Advisors LLC bought a new position in Archrock during the 2nd quarter valued at about $175,000. 83.36% of the stock is owned by hedge funds and other institutional investors.

Shares of Archrock (NYSE AROC) traded up $0.10 during trading on Monday, reaching $9.65. 1,402,300 shares of the company’s stock were exchanged, compared to its average volume of 1,973,350. The company has a current ratio of 1.63, a quick ratio of 0.94 and a debt-to-equity ratio of 1.99. Archrock has a 12-month low of $8.30 and a 12-month high of $16.40. The company has a market cap of $678.20, a P/E ratio of -9.95 and a beta of 3.34.

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

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About Archrock

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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