Archrock (NYSE:AROC) Stock Rating Lowered by Zacks Investment Research

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Zacks Investment Research cut shares of Archrock (NYSE:AROC) from a hold rating to a sell rating in a research report released on Thursday, Zacks.com reports.

According to Zacks, “Archrock, Inc. is a provider of natural gas contract compression services as well as supplier of aftermarket services of compression equipment. The company operates in the oil and gas producing regions primarily in the United States. Archrock, Inc., formerly known as Exterran Holdings, Inc., is based in Houston, United States. “

Separately, B. Riley set a $17.00 target price on shares of Archrock and gave the stock a buy rating in a research report on Monday, September 30th.

NYSE AROC opened at $9.68 on Thursday. Archrock has a 52-week low of $7.26 and a 52-week high of $11.43. The company has a 50-day simple moving average of $9.95 and a 200 day simple moving average of $9.87. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.03 and a current ratio of 1.52. The company has a market capitalization of $1.27 billion, a PE ratio of 20.17 and a beta of 2.79.

Archrock (NYSE:AROC) last posted its quarterly earnings data on Monday, July 29th. The energy company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.04). The company had revenue of $238.39 million for the quarter, compared to analysts’ expectations of $249.35 million. Archrock had a return on equity of 6.96% and a net margin of 5.73%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business posted $0.02 EPS. As a group, analysts forecast that Archrock will post 0.56 EPS for the current fiscal year.

In other Archrock news, CFO Doug S. Aron bought 10,550 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was purchased at an average price of $8.20 per share, for a total transaction of $86,510.00. Following the completion of the transaction, the chief financial officer now directly owns 132,589 shares of the company’s stock, valued at $1,087,229.80. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider D Bradley Childers bought 12,050 shares of the business’s stock in a transaction on Wednesday, August 14th. The shares were acquired at an average price of $8.19 per share, with a total value of $98,689.50. The disclosure for this purchase can be found here. 1.99% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its position in shares of Archrock by 19.6% in the third quarter. Envestnet Asset Management Inc. now owns 102,764 shares of the energy company’s stock valued at $1,025,000 after acquiring an additional 16,827 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Archrock by 1,058.8% in the third quarter. Nisa Investment Advisors LLC now owns 9,850 shares of the energy company’s stock valued at $98,000 after acquiring an additional 9,000 shares during the period. CIBC Private Wealth Group LLC boosted its position in shares of Archrock by 19.7% in the third quarter. CIBC Private Wealth Group LLC now owns 2,118,762 shares of the energy company’s stock valued at $21,124,000 after acquiring an additional 348,131 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in shares of Archrock in the third quarter valued at approximately $158,000. Finally, State of Alaska Department of Revenue boosted its position in shares of Archrock by 121.0% in the third quarter. State of Alaska Department of Revenue now owns 98,070 shares of the energy company’s stock valued at $977,000 after acquiring an additional 53,700 shares during the period. Hedge funds and other institutional investors own 88.32% 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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