Investment analysts at B. Riley began coverage on shares of Archrock (NYSE:AROC) in a research note issued to investors on Monday, The Fly reports. The firm set a “buy” rating and a $8.00 price target on the energy company’s stock. B. Riley’s price objective would suggest a potential upside of 23.27% from the company’s current price.
A number of other equities analysts have also commented on the stock. ValuEngine upgraded shares of Archrock from a “strong sell” rating to a “sell” rating in a report on Friday, May 1st. TheStreet lowered shares of Archrock from a “c” rating to a “d+” rating in a report on Tuesday, May 5th. Zacks Investment Research lowered shares of Archrock from a “buy” rating to a “hold” rating in a report on Monday, June 1st. Finally, Stifel Nicolaus began coverage on shares of Archrock in a report on Monday. They issued a “buy” rating and a $8.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $7.67.
NYSE AROC opened at $6.49 on Monday. The firm’s fifty day moving average price is $6.06 and its two-hundred day moving average price is $6.64. The stock has a market cap of $949.67 million, a PE ratio of 54.08 and a beta of 2.85. Archrock has a fifty-two week low of $2.09 and a fifty-two week high of $11.43. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.96 and a current ratio of 1.42.
Archrock (NYSE:AROC) last posted its earnings results on Monday, May 4th. The energy company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $249.70 million for the quarter, compared to analysts’ expectations of $239.60 million. Archrock had a net margin of 1.70% and a return on equity of 9.61%. As a group, sell-side analysts predict that Archrock will post 0.55 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank lifted its holdings in Archrock by 8.9% in the fourth quarter. Amalgamated Bank now owns 21,812 shares of the energy company’s stock valued at $219,000 after buying an additional 1,790 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Archrock by 17.3% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 12,517 shares of the energy company’s stock valued at $126,000 after purchasing an additional 1,844 shares during the period. Legal & General Group Plc raised its holdings in shares of Archrock by 0.5% during the first quarter. Legal & General Group Plc now owns 386,683 shares of the energy company’s stock valued at $1,454,000 after purchasing an additional 2,069 shares during the period. Swiss National Bank raised its holdings in shares of Archrock by 0.9% during the fourth quarter. Swiss National Bank now owns 247,300 shares of the energy company’s stock valued at $2,483,000 after purchasing an additional 2,200 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Archrock by 37.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,268 shares of the energy company’s stock valued at $35,000 after purchasing an additional 2,521 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.
Archrock, Inc engages in the provision of operations, maintenance, service, and equipment for oil and natural gas production, processing, and transportation applications. It operates through the Contract Operations and Aftermarket Services segments. The Contract Operations segment is comprised of equity investment in the partnership, in addition to the owned fleet of natural gas compression equipment that the company use to provide operations services.
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