Public Employees Retirement System of Ohio trimmed its stake in shares of Archrock Inc (NYSE:AROC) by 37.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 11,581 shares of the energy company’s stock after selling 7,032 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Archrock were worth $145,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AROC. PNC Financial Services Group Inc. lifted its position in shares of Archrock by 0.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 29,392 shares of the energy company’s stock worth $335,000 after buying an additional 119 shares during the last quarter. Pacad Investment Ltd. lifted its position in shares of Archrock by 6.0% during the 2nd quarter. Pacad Investment Ltd. now owns 8,900 shares of the energy company’s stock worth $101,000 after buying an additional 500 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Archrock by 1.1% during the 2nd quarter. Wells Fargo & Company MN now owns 51,947 shares of the energy company’s stock worth $593,000 after buying an additional 573 shares during the last quarter. Nordea Investment Management AB raised its position in Archrock by 0.8% in the second quarter. Nordea Investment Management AB now owns 212,600 shares of the energy company’s stock valued at $2,424,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Martingale Asset Management L P raised its position in Archrock by 2.7% in the second quarter. Martingale Asset Management L P now owns 106,161 shares of the energy company’s stock valued at $1,211,000 after purchasing an additional 2,805 shares during the last quarter. Hedge funds and other institutional investors own 83.36% of the company’s stock.

AROC has been the subject of several research reports. BidaskClub upgraded Archrock from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Zacks Investment Research raised Archrock from a “sell” rating to a “hold” rating in a research note on Monday, September 25th. Royal Bank of Canada reissued a “buy” rating and issued a $13.00 price target on shares of Archrock in a research note on Wednesday, September 27th. Scotiabank reissued a “hold” rating and issued a $14.00 price target on shares of Archrock in a research note on Friday, November 3rd. Finally, B. Riley reissued a “neutral” rating on shares of Archrock in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $13.46.

Shares of Archrock Inc (AROC) opened at $9.75 on Tuesday. The firm has a market capitalization of $692.40, a PE ratio of -10.05 and a beta of 3.34. 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 Inc has a one year low of $8.30 and a one year high of $16.40.

Archrock (NYSE:AROC) last released its earnings results on Thursday, November 2nd. The energy company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). Archrock had a negative return on equity of 2.93% and a negative net margin of 8.62%. The business had revenue of $197.85 million for the quarter, compared to analyst estimates of $202.34 million. During the same period in the prior year, the business earned $0.01 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. sell-side analysts expect that Archrock Inc will post -0.23 EPS for the current year.

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About Archrock

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.

Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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