Cwm LLC Purchases 6,047 Shares of Archrock, Inc. (NYSE:AROC)

Cwm LLC boosted its holdings in Archrock, Inc. (NYSE:AROC) by 168.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 9,638 shares of the energy company’s stock after acquiring an additional 6,047 shares during the quarter. Cwm LLC’s holdings in Archrock were worth $195,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of AROC. GAMMA Investing LLC boosted its holdings in shares of Archrock by 16.6% in the 2nd quarter. GAMMA Investing LLC now owns 4,052 shares of the energy company’s stock worth $82,000 after buying an additional 578 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Archrock by 0.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 84,245 shares of the energy company’s stock worth $1,658,000 after purchasing an additional 710 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Archrock by 6.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,373 shares of the energy company’s stock worth $230,000 after buying an additional 713 shares in the last quarter. Van ECK Associates Corp boosted its stake in Archrock by 2.2% in the second quarter. Van ECK Associates Corp now owns 35,280 shares of the energy company’s stock worth $713,000 after buying an additional 753 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Archrock by 2.0% during the second quarter. Arizona State Retirement System now owns 41,565 shares of the energy company’s stock valued at $840,000 after purchasing an additional 821 shares during the period. 95.45% of the stock is owned by hedge funds and other institutional investors.

Archrock Trading Down 0.6 %

Shares of NYSE AROC opened at $20.26 on Thursday. Archrock, Inc. has a 1-year low of $12.41 and a 1-year high of $23.44. The business’s 50 day moving average is $20.24 and its two-hundred day moving average is $20.13. The stock has a market capitalization of $3.17 billion, a P/E ratio of 24.40 and a beta of 1.51. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.53 and a quick ratio of 0.94.

Archrock (NYSE:AROC) last announced its quarterly earnings results on Tuesday, July 30th. The energy company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $270.53 million during the quarter, compared to analyst estimates of $270.61 million. Archrock had a return on equity of 16.35% and a net margin of 13.20%. As a group, research analysts expect that Archrock, Inc. will post 1.07 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AROC shares. Evercore ISI started coverage on Archrock in a report on Wednesday, September 25th. They issued an “outperform” rating and a $24.00 price objective for the company. Royal Bank of Canada increased their price target on Archrock from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Citigroup started coverage on Archrock in a research note on Friday, September 27th. They issued a “buy” rating and a $24.00 price target on the stock. Stifel Nicolaus lifted their target price on Archrock from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. began coverage on Archrock in a research report on Friday, September 6th. They issued an “overweight” rating and a $24.00 price objective on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $24.50.

Archrock Company Profile

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.