Archrock, Inc. (NYSE:AROC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

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. “

Several other brokerages also recently weighed in on AROC. ValuEngine downgraded Archrock from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. BidaskClub upgraded Archrock from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. FBR & Co restated a “market perform” rating and set a $12.00 target price (up from $11.00) on shares of Archrock in a research note on Thursday, August 3rd. Royal Bank Of Canada upgraded Archrock from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, August 23rd. Finally, Scotiabank set a $15.00 target price on Archrock and gave the company a “hold” rating in a research note on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Archrock has an average rating of “Hold” and an average target price of $13.46.

Shares of Archrock (AROC) traded up 1.21% during mid-day trading on Tuesday, reaching $12.50. The company’s stock had a trading volume of 248,997 shares. The firm’s market capitalization is $886.74 million. The firm has a 50-day moving average of $11.35 and a 200-day moving average of $11.27. Archrock has a 52 week low of $8.30 and a 52 week high of $16.40.

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

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Several institutional investors have recently made changes to their positions in AROC. Pacad Investment Ltd. lifted its position in shares of Archrock by 6.0% during the second quarter. Pacad Investment Ltd. now owns 8,900 shares of the energy company’s stock worth $101,000 after purchasing an additional 500 shares during the last quarter. Virginia Retirement Systems ET AL lifted its position in shares of Archrock by 16.5% during the first quarter. Virginia Retirement Systems ET AL now owns 12,231 shares of the energy company’s stock worth $152,000 after purchasing an additional 1,731 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Archrock by 79.8% during the second quarter. State of Alaska Department of Revenue now owns 14,008 shares of the energy company’s stock worth $159,000 after purchasing an additional 6,218 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Archrock during the second quarter worth about $175,000. Finally, Municipal Employees Retirement System of Michigan lifted its position in shares of Archrock by 4.9% during the second quarter. Municipal Employees Retirement System of Michigan now owns 16,650 shares of the energy company’s stock worth $190,000 after purchasing an additional 780 shares during the last quarter. Institutional investors own 91.86% of the company’s stock.

About Archrock

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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