Rhumbline Advisers decreased its holdings in Archrock, Inc. (NYSE:AROC) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 146,482 shares of the energy company’s stock after selling 887 shares during the quarter. Rhumbline Advisers owned 0.21% of Archrock worth $1,670,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Harbour Capital Advisors LLC raised its position in Archrock by 696.1% in the 2nd quarter. Harbour Capital Advisors LLC now owns 11,400 shares of the energy company’s stock worth $1,000,000 after buying an additional 9,968 shares during the last quarter. Virginia Retirement Systems ET AL raised its position in Archrock by 16.5% in the 1st quarter. Virginia Retirement Systems ET AL now owns 12,231 shares of the energy company’s stock worth $152,000 after buying an additional 1,731 shares during the last quarter. State of Alaska Department of Revenue raised its position in Archrock by 79.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 14,008 shares of the energy company’s stock worth $159,000 after buying an additional 6,218 shares during the last quarter. Mason Street Advisors LLC raised its position in Archrock by 8.4% in the 1st quarter. Mason Street Advisors LLC now owns 16,494 shares of the energy company’s stock worth $205,000 after buying an additional 1,279 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its position in Archrock by 4.9% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 16,650 shares of the energy company’s stock worth $190,000 after buying an additional 780 shares during the last quarter. 91.86% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on AROC shares. Zacks Investment Research raised Archrock from a “sell” rating to a “buy” rating and set a $13.00 target price for the company in a research report on Thursday, May 25th. Scotiabank set a $15.00 target price on Archrock and gave the stock a “hold” rating in a research report on Tuesday, June 20th. Capital One Financial Corporation lowered Archrock from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 23rd. BidaskClub raised Archrock from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, FBR & Co reissued a “market perform” rating and issued a $12.00 target price (up previously from $11.00) on shares of Archrock in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $13.29.

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Shares of Archrock, Inc. (AROC) opened at 11.70 on Tuesday. The company’s market capitalization is $829.99 million. Archrock, Inc. has a 1-year low of $8.30 and a 1-year high of $16.40. The firm’s 50 day moving average price is $10.27 and its 200-day moving average price is $11.29.

Archrock (NYSE:AROC) last announced its quarterly earnings data on Tuesday, August 1st. The energy company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.08. Archrock had a negative return on equity of 3.44% and a negative net margin of 8.57%. The firm had revenue of $198.00 million during the quarter, compared to analysts’ expectations of $196.00 million. Archrock’s revenue was up 4.2% on a year-over-year basis. Analysts expect that Archrock, Inc. will post ($0.20) EPS for the current year.

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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