Wall Street analysts expect Archrock Inc (NYSE:AROC) to report sales of $216.63 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Archrock’s earnings. The highest sales estimate is $217.00 million and the lowest is $216.25 million. Archrock reported sales of $197.98 million in the same quarter last year, which indicates a positive year over year growth rate of 9.4%. The company is expected to issue its next earnings results on Tuesday, August 7th.

On average, analysts expect that Archrock will report full year sales of $887.21 million for the current year, with estimates ranging from $886.21 million to $888.20 million. For the next fiscal year, analysts expect that the firm will post sales of $1.00 billion per share, with estimates ranging from $997.15 million to $1.01 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Archrock.

Archrock (NYSE:AROC) last announced its earnings results on Thursday, May 3rd. The energy company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). Archrock had a negative return on equity of 1.00% and a net margin of 3.28%. The company had revenue of $212.00 million during the quarter, compared to the consensus estimate of $204.88 million. During the same period in the prior year, the business posted ($0.11) earnings per share. Archrock’s revenue for the quarter was up 11.6% compared to the same quarter last year.

A number of equities research analysts have commented on the company. ValuEngine raised Archrock from a “strong sell” rating to a “sell” rating in a report on Monday, May 7th. Zacks Investment Research upgraded Archrock from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Wednesday, June 6th. JPMorgan Chase & Co. raised shares of Archrock from a “neutral” rating to an “overweight” rating and set a $13.00 price target for the company in a research note on Thursday, March 22nd. FBR & Co upped their price target on Archrock from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, May 9th. Finally, B. Riley raised Archrock from a “neutral” rating to a “buy” rating and upped their price target for the stock from $12.00 to $14.00 in a research report on Wednesday, May 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Archrock presently has an average rating of “Hold” and a consensus price target of $13.83.

NYSE:AROC traded up $0.37 on Friday, reaching $12.27. 22,864 shares of the company’s stock traded hands, compared to its average volume of 2,161,210. The company has a quick ratio of 0.89, a current ratio of 1.48 and a debt-to-equity ratio of 1.93. The stock has a market cap of $867.66 million, a PE ratio of -61.00 and a beta of 2.89. Archrock has a 12 month low of $8.25 and a 12 month high of $13.01.

In related news, insider Jason Ingersoll sold 12,969 shares of the company’s stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $11.64, for a total transaction of $150,959.16. Following the completion of the transaction, the insider now owns 73,331 shares in the company, valued at approximately $853,572.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Robert Edward Rice sold 67,554 shares of the company’s stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $11.70, for a total transaction of $790,381.80. Following the transaction, the insider now owns 255,451 shares of the company’s stock, valued at approximately $2,988,776.70. The disclosure for this sale can be found here. Corporate insiders own 2.54% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd raised its holdings in Archrock by 24.9% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 23,749 shares of the energy company’s stock valued at $208,000 after acquiring an additional 4,738 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Archrock by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 561,090 shares of the energy company’s stock valued at $4,910,000 after acquiring an additional 14,287 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in Archrock in the 1st quarter valued at about $120,000. Millennium Management LLC raised its holdings in Archrock by 570.2% in the 1st quarter. Millennium Management LLC now owns 2,176,905 shares of the energy company’s stock valued at $19,048,000 after acquiring an additional 1,852,114 shares during the last quarter. Finally, Point72 Asia Hong Kong Ltd acquired a new stake in Archrock in the 1st quarter valued at about $103,000. Hedge funds and other institutional investors own 95.58% of the company’s stock.

About Archrock

Archrock, Inc engages in the natural gas contract operations services business in the United States. The company provides natural gas compression services to customers in the oil and natural gas industry. It also offers aftermarket services, such as parts and components; and operation, maintenance, overhaul, and reconfiguration services to customers who own compression equipment.

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Earnings History and Estimates for Archrock (NYSE:AROC)

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