California Public Employees Retirement System Grows Position in Archrock Inc (AROC)

California Public Employees Retirement System increased its position in shares of Archrock Inc (NYSE:AROC) by 7.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 197,953 shares of the energy company’s stock after purchasing an additional 13,371 shares during the quarter. California Public Employees Retirement System’s holdings in Archrock were worth $2,484,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AROC. Trexquant Investment LP acquired a new position in Archrock in the third quarter valued at approximately $131,000. Nine Chapters Capital Management LLC acquired a new position in Archrock in the third quarter valued at approximately $161,000. Crossmark Global Holdings Inc. acquired a new position in Archrock in the third quarter valued at approximately $168,000. Dynamic Technology Lab Private Ltd acquired a new position in Archrock in the third quarter valued at approximately $185,000. Finally, Piedmont Investment Advisors LLC acquired a new position in Archrock in the second quarter valued at approximately $175,000. 83.36% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have issued reports on the company. B. Riley reissued a “neutral” rating on shares of Archrock in a report on Wednesday, November 1st. Zacks Investment Research downgraded Archrock from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Scotiabank reissued a “hold” rating and issued a $14.00 price target on shares of Archrock in a report on Friday, November 3rd. BidaskClub downgraded Archrock from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 11th. Finally, ValuEngine raised Archrock from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $13.25.

Shares of Archrock Inc (NYSE:AROC) opened at $10.50 on Wednesday. The company has a market capitalization of $803.22, a P/E ratio of -10.71 and a beta of 3.40. Archrock Inc has a 12-month low of $8.30 and a 12-month high of $16.40. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.63 and a quick ratio of 0.94.

Archrock (NYSE:AROC) last posted its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.01). The business had revenue of $197.85 million during the quarter, compared to analysts’ expectations of $202.34 million. Archrock had a negative net margin of 8.62% and a negative return on equity of 2.93%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.01 earnings per share. sell-side analysts anticipate that Archrock Inc will post -0.23 EPS for the current fiscal year.

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About Archrock

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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Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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