Pin Oak Investment Advisors Inc. purchased a new position in shares of Archrock Inc (NYSE:AROC) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 63,595 shares of the energy company’s stock, valued at approximately $763,000.

Other large investors also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in shares of Archrock by 82.9% during the 2nd quarter. BlackRock Inc. now owns 18,435,133 shares of the energy company’s stock worth $221,221,000 after acquiring an additional 8,355,098 shares during the period. OppenheimerFunds Inc. boosted its stake in shares of Archrock by 12,522.4% during the 2nd quarter. OppenheimerFunds Inc. now owns 11,487,159 shares of the energy company’s stock worth $137,846,000 after acquiring an additional 11,396,153 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Archrock by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,816,641 shares of the energy company’s stock worth $81,800,000 after acquiring an additional 827,987 shares during the period. Bank of America Corp DE boosted its stake in shares of Archrock by 41.5% during the 2nd quarter. Bank of America Corp DE now owns 3,384,646 shares of the energy company’s stock worth $40,616,000 after acquiring an additional 992,743 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Archrock by 570.2% during the 1st quarter. Millennium Management LLC now owns 2,176,905 shares of the energy company’s stock worth $19,048,000 after acquiring an additional 1,852,114 shares during the period. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently commented on AROC. Zacks Investment Research downgraded Archrock from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. B. Riley set a $15.00 target price on Archrock and gave the stock a “buy” rating in a research note on Friday, July 13th. ValuEngine upgraded Archrock from a “sell” rating to a “hold” rating in a research note on Tuesday, May 22nd. Piper Jaffray Companies reiterated a “buy” rating and set a $14.75 target price on shares of Archrock in a research note on Tuesday, August 7th. Finally, TheStreet upgraded Archrock from a “d+” rating to a “c-” rating in a research note on Wednesday, August 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $14.54.

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

AROC traded down $0.05 during trading on Friday, hitting $12.05. The stock had a trading volume of 1,959 shares, compared to its average volume of 601,036. The company has a market capitalization of $1.60 billion, a PE ratio of -60.00 and a beta of 2.83. Archrock Inc has a one year low of $8.25 and a one year high of $13.75. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.35 and a quick ratio of 0.86.

Archrock (NYSE:AROC) last released its quarterly earnings results on Thursday, August 2nd. The energy company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The business had revenue of $226.87 million during the quarter, compared to the consensus estimate of $216.63 million. Archrock had a return on equity of 0.45% and a net margin of 4.19%. equities analysts anticipate that Archrock Inc will post 0.3 earnings per share for the current fiscal year.

Archrock Company Profile

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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Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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