Archrock Inc (NYSE:AROC) insider D Bradley Childers purchased 12,050 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average price of $8.19 per share, for a total transaction of $98,689.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Archrock stock traded down $0.32 during mid-day trading on Thursday, hitting $8.16. The stock had a trading volume of 271,548 shares, compared to its average volume of 740,013. The firm’s 50-day moving average is $10.17. The firm has a market cap of $1.12 billion, a PE ratio of 16.99 and a beta of 2.78. Archrock Inc has a 12 month low of $7.26 and a 12 month high of $13.25. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.52 and a quick ratio of 1.03.
Archrock (NYSE:AROC) last posted its quarterly earnings results on Monday, July 29th. The energy company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.04). The firm had revenue of $238.39 million during the quarter, compared to the consensus estimate of $249.35 million. Archrock had a net margin of 5.73% and a return on equity of 6.96%. Archrock’s revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.02 EPS. Research analysts forecast that Archrock Inc will post 0.56 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of AROC. GYL Financial Synergies LLC bought a new position in Archrock during the first quarter worth about $373,000. Texas Permanent School Fund boosted its holdings in Archrock by 4.6% during the first quarter. Texas Permanent School Fund now owns 88,549 shares of the energy company’s stock worth $866,000 after buying an additional 3,912 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Archrock during the first quarter worth about $216,000. Marshall Wace LLP boosted its holdings in Archrock by 104.9% during the first quarter. Marshall Wace LLP now owns 205,798 shares of the energy company’s stock worth $2,013,000 after buying an additional 105,372 shares during the last quarter. Finally, Norges Bank bought a new position in Archrock during the fourth quarter worth about $16,222,000. Institutional investors and hedge funds own 87.63% of the company’s stock.
AROC has been the topic of several recent research reports. Zacks Investment Research cut Archrock from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. B. Riley set a $17.00 price target on Archrock and gave the company a “buy” rating in a report on Tuesday, June 11th. Finally, ValuEngine cut Archrock from a “hold” rating to a “sell” rating in a report on Tuesday, April 30th.
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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