Archrock, Inc. (AROC) Stock Rating Lowered by BidaskClub

Archrock, Inc. (NYSE:AROC) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Wednesday.

AROC has been the subject of several other reports. Capital One Financial Corporation downgraded Archrock from an “overweight” rating to an “equal weight” rating in a research note on Friday, June 23rd. Royal Bank Of Canada upgraded Archrock from a “sector perform” rating to an “outperform” rating and set a $13.00 target price for the company in a research note on Monday, August 21st. J P Morgan Chase & Co reiterated a “neutral” rating and set a $12.00 target price (down from $13.00) on shares of Archrock in a research note on Tuesday, August 8th. Scotiabank set a $15.00 target price on Archrock and gave the stock a “hold” rating in a research note on Tuesday, June 20th. Finally, FBR & Co reiterated 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Archrock currently has a consensus rating of “Hold” and a consensus price target of $13.46.

Archrock (AROC) opened at 12.50 on Wednesday. Archrock has a one year low of $8.30 and a one year high of $16.40. The firm’s market capitalization is $886.74 million. The stock’s 50 day moving average price is $11.45 and its 200-day moving average price is $11.27.

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

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A number of large investors have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC acquired a new stake in Archrock during the 2nd quarter worth approximately $175,000. The Manufacturers Life Insurance Company lifted its holdings in Archrock by 6.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 57,517 shares of the energy company’s stock worth $655,000 after purchasing an additional 3,623 shares during the last quarter. GLG Partners LP acquired a new stake in Archrock during the 2nd quarter worth approximately $1,771,000. Goldman Sachs Group Inc. lifted its holdings in Archrock by 11.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 551,374 shares of the energy company’s stock worth $6,285,000 after purchasing an additional 57,669 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Archrock by 10.2% during the 2nd 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 during the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.

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.

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