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

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

A number of other equities research analysts have also recently issued reports on AROC. Royal Bank of Canada upped their target price on shares of Archrock from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Thursday, February 23rd. Raymond James increased their price target on shares of Archrock from $10.00 to $13.00 and gave the company an “outperform” rating in a report on Friday, February 24th. Finally, 500.com restated a “reiterates” rating on shares of Archrock in a research report on Thursday, May 4th.

Archrock Stock Performance

AROC stock opened at $9.53 on Friday. The company has a 50 day moving average price of $9.96 and a 200 day moving average price of $9.34. The stock has a market capitalization of $1.49 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74. 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.

Archrock (NYSE:AROC – Get Rating) last announced its quarterly earnings results on Wednesday, February 22nd. The energy company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $218.87 million during the quarter, compared to analyst estimates of $213.27 million. Archrock had a net margin of 6.73% and a return on equity of 6.83%. During the same quarter in the previous year, the business earned $0.09 EPS. Analysts forecast that Archrock will post 0.59 EPS for the current year.

Insider Buying and Selling

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

Institutional Trading of Archrock

Several hedge funds and other institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC grew its stake in Archrock by 34.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 81,856 shares of the energy company’s stock worth $735,000 after buying an additional 21,000 shares in the last quarter. First Citizens Bank & Trust Co. purchased a new stake in shares of Archrock in the 4th quarter valued at $100,000. Mutual of America Capital Management LLC boosted its stake in shares of Archrock by 17.4% in the 3rd quarter. Mutual of America Capital Management LLC now owns 26,626 shares of the energy company’s stock valued at $171,000 after purchasing an additional 3,946 shares in the last quarter. Doheny Asset Management CA purchased a new stake in shares of Archrock in the 3rd quarter valued at $294,000. Finally, CWA Asset Management Group LLC purchased a new stake in shares of Archrock in the 3rd quarter valued at $196,000. Institutional investors own 82.05% of the company’s stock.

About Archrock

(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.