Archrock (NYSE:AROC)‘s stock had its “buy” rating restated by equities researchers at Royal Bank of Canada in a research report issued on Thursday, January 4th. They currently have a $14.00 target price on the energy company’s stock. Royal Bank of Canada’s target price suggests a potential upside of 39.30% from the stock’s previous close.

Several other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Archrock from a “hold” rating to a “strong sell” rating in a research report on Friday, November 10th. BidaskClub lowered shares of Archrock from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 11th. ValuEngine upgraded shares of Archrock from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Scotiabank restated a “hold” rating and issued a $14.00 price target on shares of Archrock in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.25.

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Archrock (NYSE:AROC) opened at $10.05 on Thursday. The firm has a market cap of $810.91, a PE ratio of -10.25 and a beta of 3.40. Archrock has a 1 year low of $8.30 and a 1 year high of $16.40. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.63 and a quick ratio of 0.94.

Archrock (NYSE:AROC) last issued 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). The company had revenue of $197.85 million during the quarter, compared to the consensus estimate of $202.34 million. Archrock had a negative net margin of 8.62% and a negative return on equity of 2.93%. Archrock’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.01 earnings per share. sell-side analysts predict that Archrock will post -0.23 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its stake 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 valued at $66,328,000 after acquiring an additional 537,271 shares in the last quarter. JPMorgan Chase & Co. grew its stake 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 valued at $33,865,000 after acquiring an additional 1,472,445 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake 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 valued at $17,435,000 after acquiring an additional 386,988 shares in the last quarter. FMR LLC grew its stake 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 valued at $12,626,000 after acquiring an additional 249,914 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake 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 valued at $10,347,000 after acquiring an additional 196,255 shares in the last quarter. Institutional investors and hedge funds own 83.74% of the company’s stock.

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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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