Shares of Archrock Inc (NYSE:AROC) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $15.67.

AROC has been the topic of a number of recent analyst reports. Zacks Investment Research lowered GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a report on Monday, May 6th. ValuEngine raised Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. Finally, B. Riley reaffirmed a “buy” rating on shares of TG Therapeutics in a report on Tuesday, June 11th.

Shares of Archrock stock traded down $0.18 during trading hours on Friday, hitting $10.19. 18,771 shares of the company were exchanged, compared to its average volume of 804,103. Archrock has a 1 year low of $7.26 and a 1 year high of $13.75. The company has a quick ratio of 0.95, a current ratio of 1.39 and a debt-to-equity ratio of 1.88. The firm has a 50-day simple moving average of $9.80. The firm has a market capitalization of $1.33 billion, a PE ratio of 21.26 and a beta of 2.78.

Archrock (NYSE:AROC) last released its quarterly earnings results on Monday, April 29th. The energy company reported $0.15 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. Archrock had a return on equity of 6.16% and a net margin of 4.77%. The business had revenue of $236.16 million during the quarter, compared to analysts’ expectations of $239.45 million. During the same quarter in the prior year, the business earned $0.02 earnings per share. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. On average, research analysts predict that Archrock will post 0.59 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. CWM Advisors LLC raised its holdings in shares of Archrock by 8.4% in the 2nd quarter. CWM Advisors LLC now owns 17,490 shares of the energy company’s stock worth $185,000 after purchasing an additional 1,350 shares during the period. Viking Fund Management LLC raised its holdings in shares of Archrock by 13.2% during the 2nd quarter. Viking Fund Management LLC now owns 1,030,000 shares of the energy company’s stock valued at $10,918,000 after buying an additional 120,000 shares during the period. First Trust Advisors LP raised its holdings in shares of Archrock by 81.3% during the 1st quarter. First Trust Advisors LP now owns 231,460 shares of the energy company’s stock valued at $2,264,000 after buying an additional 103,823 shares during the period. FMR LLC raised its holdings in shares of Archrock by 54.8% during the 1st quarter. FMR LLC now owns 367,917 shares of the energy company’s stock valued at $3,598,000 after buying an additional 130,276 shares during the period. Finally, Nordea Investment Management AB raised its holdings in shares of Archrock by 302.4% during the 1st quarter. Nordea Investment Management AB now owns 612,830 shares of the energy company’s stock valued at $5,995,000 after buying an additional 460,530 shares during the period. 87.28% of the stock is currently owned by hedge funds and other institutional investors.

Archrock Company Profile

Archrock, Inc engages in the provision of operations, maintenance, service, and equipment for oil and natural gas production, processing, and transportation applications. It operates through the Contract Operations and Aftermarket Services segments. The Contract Operations segment is comprised of equity investment in the partnership, in addition to the owned fleet of natural gas compression equipment that the company use to provide operations services.

Featured Article: What is dollar cost averaging (DCA)?

Receive News & Ratings for Archrock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archrock and related companies with MarketBeat.com's FREE daily email newsletter.