Archrock Inc (NYSE:AROC) has been assigned a consensus recommendation of “Hold” from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $13.13.

Several equities analysts have recently weighed in on AROC shares. BidaskClub upgraded shares of Archrock from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Zacks Investment Research upgraded shares of Archrock from a “sell” rating to a “hold” rating in a research report on Monday, September 25th. Royal Bank of Canada reiterated a “buy” rating and issued a $13.00 target price on shares of Archrock in a report on Wednesday, September 27th. Scotiabank reiterated a “hold” rating and issued a $14.00 target price on shares of Archrock in a report on Friday, November 3rd. Finally, B. Riley reiterated a “neutral” rating on shares of Archrock in a report on Wednesday, November 1st.

Archrock (AROC) traded up $0.47 during trading hours on Monday, hitting $10.45. 725,327 shares of the stock traded hands, compared to its average volume of 738,432. Archrock has a one year low of $8.30 and a one year high of $16.40. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.94 and a current ratio of 1.63. The company has a market cap of $742.11, a price-to-earnings ratio of -10.77 and a beta of 3.34.

Archrock (NYSE:AROC) last posted its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.01). Archrock had a negative net margin of 8.62% and a negative return on equity of 2.93%. The business had revenue of $197.85 million for the quarter, compared to the consensus estimate of $202.34 million. During the same quarter last year, the business posted $0.01 EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. equities analysts forecast that Archrock will post -0.23 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in AROC. Dimensional Fund Advisors LP lifted its position in shares of Archrock by 10.2% in the second quarter. Dimensional Fund Advisors LP now owns 5,818,147 shares of the energy company’s stock worth $66,328,000 after purchasing an additional 537,271 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Archrock by 98.3% in the second quarter. JPMorgan Chase & Co. now owns 2,970,711 shares of the energy company’s stock worth $33,865,000 after purchasing an additional 1,472,445 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Archrock by 38.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,389,302 shares of the energy company’s stock worth $17,435,000 after purchasing an additional 386,988 shares in the last quarter. FMR LLC lifted its position in shares of Archrock by 29.1% in the second quarter. FMR LLC now owns 1,107,577 shares of the energy company’s stock worth $12,626,000 after purchasing an additional 249,914 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Archrock by 27.6% in the second quarter. Ameriprise Financial Inc. now owns 907,608 shares of the energy company’s stock worth $10,347,000 after purchasing an additional 196,255 shares in the last quarter. Institutional investors own 83.36% of the company’s stock.

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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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