Shares of Archrock Inc (NYSE:AROC) were up 2.1% during mid-day trading on Wednesday . The company traded as high as $9.93 and last traded at $9.50. Approximately 369,735 shares changed hands during trading, a decline of 66% from the average daily volume of 1,080,486 shares. The stock had previously closed at $9.70.
A number of analysts have recently issued reports on AROC shares. Piper Jaffray Companies raised shares of Archrock from a “neutral” rating to an “overweight” rating in a research note on Friday, January 26th. Royal Bank of Canada reissued a “buy” rating and set a $14.00 target price on shares of Archrock in a research note on Thursday, January 4th. Zacks Investment Research lowered shares of Archrock from a “hold” rating to a “strong sell” rating in a research note on Friday, November 10th. BidaskClub lowered shares of Archrock from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Finally, Scotiabank restated a “hold” rating and issued a $14.00 price objective on shares of Archrock in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $13.25.
The company has a current ratio of 1.63, a quick ratio of 0.94 and a debt-to-equity ratio of 1.99. The firm has a market cap of $667.55, a price-to-earnings ratio of -9.69 and a beta of 3.13.
Several hedge funds have recently added to or reduced their stakes in the stock. California Public Employees Retirement System raised its holdings in shares of Archrock by 8.6% in the fourth quarter. California Public Employees Retirement System now owns 214,881 shares of the energy company’s stock valued at $2,256,000 after acquiring an additional 16,928 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Archrock in the fourth quarter valued at about $228,000. Crossmark Global Holdings Inc. raised its holdings in shares of Archrock by 100.0% in the fourth quarter. Crossmark Global Holdings Inc. now owns 26,724 shares of the energy company’s stock valued at $281,000 after acquiring an additional 13,362 shares in the last quarter. CIBC Asset Management Inc bought a new stake in shares of Archrock in the fourth quarter valued at about $106,000. Finally, Aperio Group LLC raised its holdings in shares of Archrock by 102.6% in the fourth quarter. Aperio Group LLC now owns 31,404 shares of the energy company’s stock valued at $330,000 after acquiring an additional 15,901 shares in the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Archrock (AROC) Trading Up -2.1%” was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at https://sportsperspectives.com/2018/02/08/archrock-aroc-trading-up-2-1.html.
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.
Receive News & Ratings for Archrock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archrock and related companies with MarketBeat.com's FREE daily email newsletter.