Archrock, Inc. (NYSE:AROC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The firm currently has a $14.00 target price on the energy company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 10.24% from the company’s previous close.

According to Zacks, “Archrock, Inc. is a provider of natural gas contract compression services as well as supplier of aftermarket services of compression equipment. The company operates in the oil and gas producing regions primarily in the United States. Archrock, Inc., formerly known as Exterran Holdings, Inc., is based in Houston, United States. “

A number of other analysts have also recently commented on AROC. Scotiabank set a $15.00 price target on shares of Archrock and gave the company a “hold” rating in a research report on Tuesday, June 20th. Capital One Financial Corporation cut shares of Archrock from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 23rd. BidaskClub raised shares of Archrock from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. FBR & Co reaffirmed a “market perform” rating and set a $12.00 price target (up previously from $11.00) on shares of Archrock in a research report on Thursday, August 3rd. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $12.00 price target (down previously from $13.00) on shares of Archrock in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $13.46.

Shares of Archrock (NYSE:AROC) opened at 12.70 on Tuesday. Archrock has a 52 week low of $8.30 and a 52 week high of $16.40. The company’s 50-day moving average price is $11.05 and its 200 day moving average price is $11.27. The firm’s market cap is $900.93 million.

Archrock (NYSE:AROC) last issued 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. The business had revenue of $198.00 million for the quarter, compared to analysts’ expectations of $196.00 million. Archrock had a negative net margin of 8.57% and a negative return on equity of 3.44%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Archrock will post ($0.20) earnings per share for the current year.

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Several hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in shares of Archrock by 0.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 29,392 shares of the energy company’s stock worth $335,000 after purchasing an additional 119 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Archrock by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 28,900 shares of the energy company’s stock worth $329,000 after purchasing an additional 200 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Archrock by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 36,981 shares of the energy company’s stock worth $422,000 after purchasing an additional 200 shares in the last quarter. Texas Permanent School Fund boosted its position in shares of Archrock by 0.6% during the 1st quarter. Texas Permanent School Fund now owns 51,072 shares of the energy company’s stock worth $633,000 after purchasing an additional 288 shares in the last quarter. Finally, Pacad Investment Ltd. boosted its position in shares of Archrock by 6.0% during the 2nd quarter. Pacad Investment Ltd. now owns 8,900 shares of the energy company’s stock worth $101,000 after purchasing an additional 500 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Archrock (NYSE:AROC)

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