Archrock, Inc. (AROC) Holdings Boosted by Ajo LP
Ajo LP grew its position in shares of Archrock, Inc. (NYSE:AROC) by 55.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 337,373 shares of the energy company’s stock after buying an additional 120,150 shares during the quarter. Ajo LP owned 0.48% of Archrock worth $3,846,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Archrock by 51,362.3% during the 1st quarter. BlackRock Inc. now owns 9,155,144 shares of the energy company’s stock worth $113,523,000 after buying an additional 9,137,354 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Archrock by 12.1% during the 1st quarter. Vanguard Group Inc. now owns 8,047,378 shares of the energy company’s stock worth $99,787,000 after buying an additional 868,015 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Archrock by 98.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,970,711 shares of the energy company’s stock worth $33,865,000 after buying an additional 1,472,445 shares in the last quarter. State Street Corp lifted its position in shares of Archrock by 3.9% during the 1st quarter. State Street Corp now owns 2,243,750 shares of the energy company’s stock worth $27,824,000 after buying an additional 83,282 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Archrock by 50.3% during the 1st quarter. Bank of New York Mellon Corp now owns 1,978,588 shares of the energy company’s stock worth $24,535,000 after buying an additional 662,512 shares in the last quarter. 91.86% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on the stock. Zacks Investment Research cut shares of Archrock from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. BidaskClub cut shares of Archrock from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Royal Bank Of Canada raised shares of Archrock from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 23rd. Scotiabank set a $15.00 target price on shares of Archrock and gave the stock a “hold” rating in a research report on Tuesday, June 20th. Finally, FBR & Co reissued a “market perform” rating and set a $12.00 target price (up previously from $11.00) on shares of Archrock in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Archrock currently has an average rating of “Hold” and an average price target of $13.29.
Shares of Archrock, Inc. (NYSE AROC) opened at 11.30 on Friday. The company’s market cap is $801.61 million. The company has a 50 day moving average of $10.25 and a 200-day moving average of $11.33. Archrock, Inc. has a 12-month low of $8.30 and a 12-month high of $16.40.
Archrock (NYSE:AROC) last posted its quarterly earnings results on Tuesday, August 1st. The energy company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.08. Archrock had a negative net margin of 8.57% and a negative return on equity of 3.44%. The firm had revenue of $198.00 million for the quarter, compared to analysts’ expectations of $196.00 million. The business’s revenue was up 4.2% on a year-over-year basis. Equities research analysts anticipate that Archrock, Inc. will post ($0.20) earnings per share for the current year.
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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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