ValuEngine upgraded shares of Archrock (NYSE:AROC) from a sell rating to a hold rating in a research report sent to investors on Tuesday.

A number of other research analysts have also recently weighed in on AROC. Zacks Investment Research cut shares of Archrock from a buy rating to a hold rating in a research report on Wednesday, June 27th. B. Riley set a $15.00 price target on shares of Archrock and gave the company a buy rating in a research report on Friday, July 13th. Piper Jaffray Companies reaffirmed a buy rating and set a $14.75 price target on shares of Archrock in a research report on Tuesday, August 7th. TheStreet raised shares of Archrock from a d+ rating to a c- rating in a research report on Wednesday, August 1st. Finally, Royal Bank of Canada reaffirmed a buy rating and set a $16.00 price target on shares of Archrock in a research report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $14.54.

Archrock stock opened at $11.42 on Tuesday. Archrock has a 1 year low of $8.25 and a 1 year high of $13.75. The company has a market capitalization of $1.58 billion, a P/E ratio of -57.10 and a beta of 2.86. The company has a quick ratio of 0.86, a current ratio of 1.35 and a debt-to-equity ratio of 1.76.

Archrock (NYSE:AROC) last released its earnings results on Thursday, August 2nd. The energy company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. The firm had revenue of $226.87 million during the quarter, compared to the consensus estimate of $216.63 million. Archrock had a net margin of 4.19% and a return on equity of 0.45%. On average, research analysts predict that Archrock will post 0.24 earnings per share for the current year.

In other Archrock news, CFO Doug S. Aron purchased 10,000 shares of Archrock stock in a transaction on Friday, August 17th. The shares were purchased at an average cost of $11.92 per share, with a total value of $119,200.00. Following the completion of the transaction, the chief financial officer now directly owns 49,215 shares in the company, valued at approximately $586,642.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.54% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of AROC. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Archrock by 332.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,503 shares of the energy company’s stock worth $102,000 after purchasing an additional 6,539 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in shares of Archrock during the first quarter worth $103,000. WINTON GROUP Ltd acquired a new position in shares of Archrock during the first quarter worth $120,000. Quantbot Technologies LP acquired a new position in shares of Archrock during the first quarter worth $123,000. Finally, Element Capital Management LLC acquired a new position in shares of Archrock during the first quarter worth $127,000. 88.90% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Archrock (NYSE:AROC)

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