Archrock (NYSE:AROC) Rating Lowered to Hold at StockNews.com

Archrock (NYSE:AROC) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

A number of other equities research analysts have also recently commented on AROC. Royal Bank of Canada raised their price objective on shares of Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Stifel Nicolaus lifted their price objective on shares of Archrock from $20.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $19.67.

Archrock Stock Performance

Shares of NYSE AROC opened at $19.75 on Tuesday. The company has a 50 day simple moving average of $19.92 and a two-hundred day simple moving average of $17.20. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 1.66 and a beta of 1.58. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 1.78. Archrock has a 12 month low of $8.92 and a 12 month high of $21.60.

Archrock (NYSE:AROC) last issued its earnings results on Wednesday, May 1st. The energy company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. Archrock had a net margin of 12.54% and a return on equity of 15.30%. The firm had revenue of $268.49 million during the quarter, compared to analysts’ expectations of $260.51 million. During the same quarter last year, the company posted $0.10 earnings per share. The firm’s revenue was up 3.4% compared to the same quarter last year. As a group, analysts predict that Archrock will post 1.07 earnings per share for the current year.

Institutional Trading of Archrock

A number of institutional investors and hedge funds have recently modified their holdings of the stock. USA Financial Formulas grew its stake in Archrock by 4,483.8% during the 4th quarter. USA Financial Formulas now owns 1,696 shares of the energy company’s stock valued at $26,000 after acquiring an additional 1,659 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Archrock during the first quarter worth $43,000. GAMMA Investing LLC purchased a new position in Archrock during the 4th quarter valued at about $51,000. Russell Investments Group Ltd. grew its holdings in shares of Archrock by 70.6% in the first quarter. Russell Investments Group Ltd. now owns 5,946 shares of the energy company’s stock valued at $117,000 after purchasing an additional 2,461 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Archrock during the 1st quarter worth approximately $133,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.

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.