Archrock Inc. (NYSE:AROC) Receives Average Recommendation of “Hold” from Analysts
Shares of Archrock Inc. (NYSE:AROC) have been given a consensus recommendation of “Hold” by the eighteen research firms that are presently covering the company. One analyst has rated the stock with a sell recommendation, eleven have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $11.64.
Several research analysts recently weighed in on the company. Johnson Rice upgraded Archrock from a “hold” rating to an “accumulate” rating in a research report on Friday, August 5th. FBR & Co set a $11.00 price objective on Archrock and gave the stock a “hold” rating in a research report on Friday, August 5th. Piper Jaffray Cos. assumed coverage on Archrock in a research report on Monday, August 22nd. They issued a “neutral” rating for the company. Royal Bank Of Canada upgraded Archrock from an “underperform” rating to a “sector perform” rating and increased their price objective for the stock from $4.00 to $10.00 in a research report on Friday, August 5th. Finally, Goldman Sachs Group Inc. upgraded Archrock to a “buy” rating in a research report on Tuesday, June 21st.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AROC. Prudential Financial Inc. boosted its stake in Archrock by 5.6% in the first quarter. Prudential Financial Inc. now owns 687,610 shares of the company’s stock worth $5,501,000 after buying an additional 36,700 shares in the last quarter. BlackRock Group LTD boosted its stake in Archrock by 12.8% in the first quarter. BlackRock Group LTD now owns 128,860 shares of the company’s stock worth $1,032,000 after buying an additional 14,623 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Archrock by 1.1% in the first quarter. BlackRock Fund Advisors now owns 4,762,718 shares of the company’s stock worth $38,102,000 after buying an additional 51,318 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Archrock by 57.4% in the first quarter. JPMorgan Chase & Co. now owns 1,163,724 shares of the company’s stock worth $9,310,000 after buying an additional 424,374 shares in the last quarter. Finally, Acrospire Investment Management LLC acquired a new stake in Archrock during the first quarter worth $109,000. Hedge funds and other institutional investors own 88.18% of the company’s stock.
Shares of Archrock (NYSE:AROC) opened at 13.03 on Thursday. The company’s market capitalization is $892.23 million. The firm’s 50-day moving average price is $11.66 and its 200-day moving average price is $9.20. Archrock has a 12 month low of $3.41 and a 12 month high of $24.17.
Archrock, Inc, formerly Exterran Holdings, 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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