First Trust Advisors LP purchased a new stake in Archrock, Inc. (NYSE:AROC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 134,997 shares of the energy company’s stock, valued at approximately $1,539,000. First Trust Advisors LP owned 0.19% of Archrock at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Virginia Retirement Systems ET AL grew its position in Archrock by 16.5% in the 1st quarter. Virginia Retirement Systems ET AL now owns 12,231 shares of the energy company’s stock valued at $152,000 after purchasing an additional 1,731 shares during the period. State of Alaska Department of Revenue grew its position in Archrock by 79.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 14,008 shares of the energy company’s stock valued at $159,000 after purchasing an additional 6,218 shares during the period. Municipal Employees Retirement System of Michigan grew its position in Archrock by 4.9% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 16,650 shares of the energy company’s stock valued at $190,000 after purchasing an additional 780 shares during the period. Mason Street Advisors LLC grew its position in Archrock by 8.4% in the 1st quarter. Mason Street Advisors LLC now owns 16,494 shares of the energy company’s stock valued at $205,000 after purchasing an additional 1,279 shares during the period. Finally, UBS Group AG grew its position in Archrock by 101.3% in the 1st quarter. UBS Group AG now owns 20,020 shares of the energy company’s stock valued at $248,000 after purchasing an additional 10,077 shares during the period. 91.86% of the stock is owned by institutional investors and hedge funds.

Several analysts recently issued reports on the stock. BidaskClub raised shares of Archrock from a “hold” rating to a “buy” rating in a research report on Friday. FBR & Co reissued a “market perform” rating and issued a $12.00 price target (up previously from $11.00) on shares of Archrock in a research report on Thursday, August 3rd. ValuEngine downgraded shares of Archrock from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Zacks Investment Research downgraded shares of Archrock from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a $12.00 price target (down previously from $13.00) on shares of Archrock in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Archrock presently has a consensus rating of “Hold” and an average target price of $13.29.

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Archrock, Inc. (AROC) opened at 11.30 on Friday. The company’s market capitalization is $801.61 million. The firm’s 50-day moving average price is $10.25 and its 200 day moving average price is $11.33. Archrock, Inc. has a 52 week low of $8.30 and a 52 week high of $16.40.

Archrock (NYSE:AROC) last released its earnings results on Tuesday, August 1st. The energy company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.08. Archrock had a negative return on equity of 3.44% and a negative net margin of 8.57%. The firm had revenue of $198.00 million for the quarter, compared to analysts’ expectations of $196.00 million. Archrock’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts expect that Archrock, Inc. will post ($0.20) earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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