Archrock, Inc. (NYSE:AROC) PT Lowered to $12.00

Archrock, Inc. (NYSE:AROC) had its price target decreased by equities researchers at J P Morgan Chase & Co from $13.00 to $12.00 in a research note issued to investors on Tuesday. The brokerage currently has a “neutral” rating on the energy company’s stock. J P Morgan Chase & Co’s price target suggests a potential upside of 20.60% from the stock’s current price.

AROC has been the subject of several other research reports. Simmons increased their target price on shares of Archrock from $14.25 to $14.75 and gave the stock a “neutral” rating in a research note on Tuesday, April 11th. BidaskClub upgraded shares of Archrock from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada reiterated a “hold” rating and set a $15.00 target price on shares of Archrock in a research note on Friday, April 21st. Zacks Investment Research downgraded shares of Archrock from a “hold” rating to a “sell” rating in a research note on Monday, May 1st. Finally, Scotiabank set a $16.00 target price on shares of Archrock and gave the stock a “hold” rating in a research note on Saturday, May 6th. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.29.

Shares of Archrock (NYSE:AROC) opened at 9.95 on Tuesday. The stock has a 50 day moving average price of $10.99 and a 200-day moving average price of $12.23. The firm’s market cap is $705.84 million. Archrock has a 52-week low of $9.60 and a 52-week high of $16.40.

Archrock (NYSE:AROC) last released its quarterly earnings data on Tuesday, August 1st. The energy company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.08. Archrock had a negative net margin of 8.57% and a negative return on equity of 3.44%. The company had revenue of $198 million during the quarter, compared to the consensus estimate of $196 million. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Archrock will post ($0.11) EPS for the current fiscal year.

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Several large investors have recently made changes to their positions in the company. Pacad Investment Ltd. boosted its position in Archrock by 6.0% in the second quarter. Pacad Investment Ltd. now owns 8,900 shares of the energy company’s stock valued at $101,000 after buying an additional 500 shares in the last quarter. Virginia Retirement Systems ET AL boosted its position in Archrock by 16.5% in the first quarter. Virginia Retirement Systems ET AL now owns 12,231 shares of the energy company’s stock valued at $152,000 after buying an additional 1,731 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Archrock by 79.8% in the second quarter. State of Alaska Department of Revenue now owns 14,008 shares of the energy company’s stock valued at $159,000 after buying an additional 6,218 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Archrock by 4.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 16,650 shares of the energy company’s stock valued at $190,000 after buying an additional 780 shares in the last quarter. Finally, Mason Street Advisors LLC boosted its position in Archrock by 8.4% in the first quarter. Mason Street Advisors LLC now owns 16,494 shares of the energy company’s stock valued at $205,000 after buying an additional 1,279 shares in the last quarter. Institutional investors and hedge funds own 88.53% of the company’s stock.

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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