Investment analysts at Stifel Nicolaus began coverage on shares of Archrock (NYSE:AROC) in a research note issued on Monday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $8.00 price target on the energy company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 23.27% from the stock’s previous close.
A number of other research analysts have also recently weighed in on the stock. TheStreet cut shares of Archrock from a “c” rating to a “d+” rating in a research report on Tuesday, May 5th. Zacks Investment Research cut shares of Archrock from a “buy” rating to a “hold” rating in a research report on Monday, June 1st. B. Riley cut their price objective on shares of Archrock from $13.00 to $8.50 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. Finally, ValuEngine upgraded shares of Archrock from a “strong sell” rating to a “sell” rating in a research report on Friday, May 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $7.67.
Archrock stock opened at $6.49 on Monday. The company has a market cap of $949.67 million, a price-to-earnings ratio of 54.08 and a beta of 2.85. The firm’s fifty day moving average is $6.06 and its 200 day moving average is $6.64. The company has a quick ratio of 0.96, a current ratio of 1.42 and a debt-to-equity ratio of 1.83. Archrock has a 52-week low of $2.09 and a 52-week high of $11.43.
Archrock (NYSE:AROC) last released its quarterly earnings results on Monday, May 4th. The energy company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.01. Archrock had a net margin of 1.70% and a return on equity of 9.61%. The company had revenue of $249.70 million for the quarter, compared to the consensus estimate of $239.60 million. On average, equities research analysts anticipate that Archrock will post 0.55 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Legal & General Group Plc grew its holdings in shares of Archrock by 0.5% in the first quarter. Legal & General Group Plc now owns 386,683 shares of the energy company’s stock worth $1,454,000 after purchasing an additional 2,069 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Archrock by 4.0% in the first quarter. Citigroup Inc. now owns 120,502 shares of the energy company’s stock worth $454,000 after purchasing an additional 4,599 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Archrock by 13.5% in the first quarter. BNP Paribas Arbitrage SA now owns 55,441 shares of the energy company’s stock worth $208,000 after acquiring an additional 6,598 shares during the period. Ziegler Capital Management LLC purchased a new stake in Archrock in the first quarter worth about $759,000. Finally, Swiss National Bank lifted its stake in Archrock by 1.3% in the first quarter. Swiss National Bank now owns 250,400 shares of the energy company’s stock worth $942,000 after acquiring an additional 3,100 shares during the period. Hedge funds and other institutional investors own 73.33% of the company’s stock.
Archrock Company Profile
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 segments. The Contract Operations segment is comprised of equity investment in the partnership, in addition to the owned fleet of natural gas compression equipment that the company use to provide operations services.
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