Archrock (AROC) Earns Daily Coverage Optimism Rating of 0.12
Press coverage about Archrock (NYSE:AROC) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Archrock earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the energy company an impact score of 45.9857285731191 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several equities research analysts have recently issued reports on the company. FBR & Co restated a “market perform” rating and set a $12.00 price objective (up previously from $11.00) on shares of Archrock in a report on Thursday, August 3rd. ValuEngine cut Archrock from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. BidaskClub cut Archrock from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Zacks Investment Research cut Archrock from a “hold” rating to a “sell” rating in a report on Monday, August 7th. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a $12.00 price objective (down previously from $13.00) on shares of Archrock in a report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $13.29.
Archrock (NYSE:AROC) opened at 11.30 on Monday. The stock’s market capitalization is $801.61 million. Archrock has a 12 month low of $8.30 and a 12 month high of $16.40. The company has a 50 day moving average price of $10.25 and a 200 day moving average price of $11.33.
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 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 business had revenue of $198.00 million for the quarter, compared to analysts’ expectations of $196.00 million. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. Equities research analysts predict that Archrock 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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