Archrock (NYSE:AROC) received a $12.00 price objective from equities research analysts at B. Riley in a note issued to investors on Thursday. The firm currently has a “hold” rating on the energy company’s stock. B. Riley’s price objective would suggest a potential upside of 20.00% from the company’s previous close.

A number of other research analysts have also recently issued reports on AROC. BidaskClub raised Archrock from a “hold” rating to a “buy” rating in a research note 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 target price on shares of Archrock in a research note on Wednesday, September 27th. Scotiabank reissued a “hold” rating and issued a $14.00 target price on shares of Archrock in a research note on Friday, November 3rd. Finally, ValuEngine raised Archrock from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $13.25.

Shares of Archrock (AROC) opened at $10.00 on Thursday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.94 and a current ratio of 1.63. Archrock has a 52 week low of $8.30 and a 52 week high of $16.40. The company has a market capitalization of $710.16, a price-to-earnings ratio of -10.31 and a beta of 3.34.

Archrock (NYSE:AROC) last announced its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $197.85 million for the quarter, compared to analyst estimates of $202.34 million. During the same period last year, the firm earned $0.01 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. analysts anticipate that Archrock will post -0.23 EPS for the current year.

Institutional investors have recently modified their holdings of the company. First Trust Advisors LP bought a new stake in Archrock during the second quarter worth about $1,539,000. Legal & General Group Plc raised its holdings in Archrock by 9.8% during the second quarter. Legal & General Group Plc now owns 138,821 shares of the energy company’s stock worth $1,583,000 after acquiring an additional 12,398 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Archrock by 39.4% during the second quarter. BNP Paribas Arbitrage SA now owns 23,082 shares of the energy company’s stock worth $263,000 after acquiring an additional 6,529 shares in the last quarter. Federated Investors Inc. PA raised its holdings in Archrock by 7,876.6% during the second quarter. Federated Investors Inc. PA now owns 94,922 shares of the energy company’s stock worth $1,082,000 after acquiring an additional 93,732 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Archrock by 1.8% during the second quarter. Principal Financial Group Inc. now owns 570,136 shares of the energy company’s stock worth $6,499,000 after acquiring an additional 9,951 shares in the last quarter. Institutional investors own 83.36% of the company’s stock.

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Archrock Company 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.

Analyst Recommendations for Archrock (NYSE:AROC)

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