Archrock (NYSE:AROC) Upgraded to “Buy” at StockNews.com

Archrock (NYSE:AROC – Get Rating) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Several other research firms have also recently commented on AROC. Raymond James boosted their target price on Archrock from $10.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, February 24th. Royal Bank of Canada boosted their price target on Archrock from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Thursday, February 23rd. Finally, 500.com reaffirmed a “reiterates” rating on shares of Archrock in a research report on Thursday, May 4th.

Archrock Trading Down 0.9 %

NYSE:AROC opened at $9.39 on Thursday. Archrock has a fifty-two week low of $6.28 and a fifty-two week high of $11.49. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.68. The stock has a market capitalization of $1.47 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 2.33 and a beta of 1.74. The business’s 50-day simple moving average is $9.79 and its 200-day simple moving average is $9.45.

Archrock (NYSE:AROC – Get Rating) last released its quarterly earnings data on Tuesday, May 2nd. The energy company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. Archrock had a return on equity of 6.83% and a net margin of 6.73%. The business had revenue of $229.83 million for the quarter, compared to analysts’ expectations of $226.50 million. Sell-side analysts expect that Archrock will post 0.59 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Donna A. Henderson sold 13,961 shares of the company’s stock in a transaction on Monday, March 6th. The stock was sold at an average price of $11.11, for a total transaction of $155,106.71. Following the completion of the sale, the chief accounting officer now directly owns 50,039 shares in the company, valued at approximately $555,933.29. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder Ocean Reserves Lp Old sold 557,737 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $10.83, for a total transaction of $6,040,291.71. Following the completion of the sale, the insider now directly owns 16,172,626 shares in the company, valued at approximately $175,149,539.58. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Donna A. Henderson sold 13,961 shares of the company’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $11.11, for a total value of $155,106.71. Following the completion of the transaction, the chief accounting officer now directly owns 50,039 shares of the company’s stock, valued at approximately $555,933.29. The disclosure for this sale can be found here. Corporate insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Archrock

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC lifted its holdings in shares of Archrock by 34.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 81,856 shares of the energy company’s stock valued at $735,000 after purchasing an additional 21,000 shares in the last quarter. First Citizens Bank & Trust Co. purchased a new stake in shares of Archrock during the fourth quarter valued at approximately $100,000. Mutual of America Capital Management LLC increased its position in shares of Archrock by 17.4% during the third quarter. Mutual of America Capital Management LLC now owns 26,626 shares of the energy company’s stock valued at $171,000 after acquiring an additional 3,946 shares during the last quarter. Doheny Asset Management CA purchased a new stake in shares of Archrock during the third quarter valued at approximately $294,000. Finally, Capital Square LLC purchased a new stake in shares of Archrock during the fourth quarter valued at approximately $131,000. Institutional investors and hedge funds own 82.05% of the company’s stock.

Archrock Company Profile

(Get Rating)

Archrock, Inc engages in the provision of operations, maintenance, service and equipment for oil and natural gas production, processing, and transportation applications. It operates through the Contract Operations and Aftermarket Services. The Contract Operations segment includes the owned fleet of natural gas compression equipment that the company uses to provide operations services.