Martingale Asset Management L P raised its position in shares of Archrock, Inc. (NYSE:AROC) by 2.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 106,161 shares of the energy company’s stock after purchasing an additional 2,805 shares during the quarter. Martingale Asset Management L P owned about 0.15% of Archrock worth $1,211,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pacad Investment Ltd. boosted its stake in Archrock by 6.0% during the 2nd quarter. Pacad Investment Ltd. now owns 8,900 shares of the energy company’s stock valued at $101,000 after purchasing an additional 500 shares in the last quarter. Harbour Capital Advisors LLC boosted its stake in Archrock by 696.1% during the 2nd quarter. Harbour Capital Advisors LLC now owns 11,400 shares of the energy company’s stock valued at $1,000,000 after purchasing an additional 9,968 shares in the last quarter. Virginia Retirement Systems ET AL boosted its stake in Archrock by 16.5% during the 1st quarter. Virginia Retirement Systems ET AL now owns 12,231 shares of the energy company’s stock valued at $152,000 after purchasing an additional 1,731 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Archrock by 79.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 14,008 shares of the energy company’s stock valued at $159,000 after purchasing an additional 6,218 shares in the last quarter. Finally, Mason Street Advisors LLC boosted its stake in Archrock by 8.4% during the 1st quarter. Mason Street Advisors LLC now owns 16,494 shares of the energy company’s stock valued at $205,000 after purchasing an additional 1,279 shares in the last quarter. 91.86% of the stock is owned by hedge funds and other institutional investors.

Shares of Archrock, Inc. (NYSE:AROC) opened at 11.90 on Friday. The stock’s 50 day moving average price is $10.29 and its 200 day moving average price is $11.27. The company’s market capitalization is $844.17 million. Archrock, Inc. has a 1-year low of $8.30 and a 1-year high of $16.40.

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

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A number of brokerages have issued reports on AROC. BidaskClub raised Archrock from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Royal Bank Of Canada raised Archrock from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, August 23rd. ValuEngine lowered Archrock from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. J P Morgan Chase & Co reissued a “neutral” rating and set a $12.00 price objective (down from $13.00) on shares of Archrock in a research note on Tuesday, August 8th. Finally, Zacks Investment Research lowered Archrock from a “hold” rating to a “sell” rating in a research note on Monday, August 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $13.29.

Archrock Profile

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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