Archrock, Inc. (NYSE:AROC) Stock Rated “Moderate Buy” by Wall Street Analysts

Shares of Archrock, Inc. (NYSE:AROC) have received a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $42.12.

AROC has been the topic of several recent research reports. Evercore set a $40.00 price objective on Archrock in a research report on Monday, August 17th. Weiss Ratings downgraded shares of Archrock from a “buy (a-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. cut their price target on shares of Archrock from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Zacks Research lowered Archrock from a “hold” rating to a “strong sell” rating in a research note on Monday, August 31st. Finally, Wells Fargo & Company dropped their price target on Archrock from $43.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Valued Wealth Advisors LLC bought a new stake in Archrock in the 1st quarter worth approximately $26,000. Summit Securities Group LLC bought a new stake in shares of Archrock during the 1st quarter valued at about $36,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Archrock in the second quarter worth approximately $56,000. Public Employees Retirement System of Ohio bought a new position in Archrock in the second quarter worth approximately $83,000. Finally, Allworth Financial LP bought a new stake in shares of Archrock during the 2nd quarter valued at $119,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Archrock Price Performance

Shares of NYSE AROC opened at $29.75 on Thursday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.94 and a current ratio of 1.39. The stock has a market cap of $5.22 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 1.42 and a beta of 0.92. Archrock has a fifty-two week low of $22.88 and a fifty-two week high of $42.23. The stock has a fifty day moving average of $31.26 and a 200-day moving average of $34.74.

Archrock (NYSE:AROC) last released its quarterly earnings results on Wednesday, August 5th. The energy company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.07). Archrock had a return on equity of 22.22% and a net margin of 21.84%. The firm had revenue of $371.24 million during the quarter, compared to the consensus estimate of $393.19 million. During the same period in the previous year, the company posted $0.39 EPS. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. Equities research analysts anticipate that Archrock will post 1.72 earnings per share for the current year.

Archrock Company Profile

Archrock, Inc (NYSE: AROC) is a Houston-based energy infrastructure company that provides natural gas compression services in the United States. Compression is used to increase the pressure of natural gas so it can move efficiently through gathering systems, processing facilities, transmission pipelines and other midstream infrastructure.

The company operates a fleet of natural gas compressors and primarily serves customers through contract compression arrangements. Its services support a range of applications, including natural gas gathering, processing, transmission, storage and production.