Prudential Financial Inc. reduced its position in shares of Archrock, Inc. (NYSE:AROC) by 41.4% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 276,090 shares of the energy company’s stock after selling 195,250 shares during the period. Prudential Financial Inc.’s holdings in Archrock were worth $3,424,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. New York State Teachers Retirement System boosted its stake in shares of Archrock by 4.9% in the fourth quarter. New York State Teachers Retirement System now owns 143,802 shares of the energy company’s stock worth $1,898,000 after buying an additional 6,700 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Archrock by 0.3% in the fourth quarter. Thrivent Financial for Lutherans now owns 703,878 shares of the energy company’s stock worth $9,291,000 after buying an additional 2,110 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Archrock by 42.1% in the fourth quarter. Teachers Advisors LLC now owns 188,483 shares of the energy company’s stock worth $2,488,000 after buying an additional 55,881 shares in the last quarter. Comerica Bank boosted its stake in shares of Archrock by 5.7% in the fourth quarter. Comerica Bank now owns 74,193 shares of the energy company’s stock worth $1,139,000 after buying an additional 4,023 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Archrock during the fourth quarter worth approximately $2,441,000. Hedge funds and other institutional investors own 89.48% of the company’s stock.
Archrock, Inc. (AROC) opened at 10.85 on Wednesday. The stock has a 50 day moving average of $11.03 and a 200 day moving average of $12.97. The company’s market capitalization is $770.12 million. Archrock, Inc. has a 12 month low of $7.92 and a 12 month high of $16.40.
Archrock (NYSE:AROC) last posted its quarterly earnings data on Thursday, May 4th. The energy company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.06. The firm had revenue of $189.90 million for the quarter, compared to analysts’ expectations of $191.30 million. Archrock had a negative return on equity of 3.37% and a negative net margin of 8.22%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities analysts anticipate that Archrock, Inc. will post ($0.44) EPS for the current fiscal year.
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A number of analysts have commented on AROC shares. Capital One Financial Corporation cut shares of Archrock from an “overweight” rating to an “equal weight” rating in a research note on Friday, June 23rd. Royal Bank Of Canada reiterated a “hold” rating and issued a $15.00 price target on shares of Archrock in a research note on Friday, April 21st. Zacks Investment Research cut shares of Archrock from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. Simmons increased their price target on shares of Archrock from $14.25 to $14.75 and gave the company a “neutral” rating in a research note on Tuesday, April 11th. Finally, Scotiabank reiterated a “hold” rating and issued a $16.00 price target on shares of Archrock in a research note on Friday, March 31st. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $13.29.
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.
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