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. “
Several other equities research analysts also recently weighed in on the company. Royal Bank Of Canada raised Archrock from an underperform rating to a sector perform rating and upped their target price for the stock from $4.00 to $10.00 in a research report on Friday, August 5th. Johnson Rice raised Archrock from a hold rating to an accumulate rating in a research report on Friday, August 5th. FBR & Co set a $11.00 target price on Archrock and gave the stock a hold rating in a research report on Friday, August 5th. Simmons began coverage on Archrock in a research report on Monday, August 22nd. They issued a neutral rating and a $12.25 target price for the company. Finally, Howard Weil downgraded Archrock from a sector outperform rating to a sector perform rating and upped their target price for the stock from $9.00 to $10.00 in a research report on Wednesday, June 22nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $11.64.
Archrock (NYSE:AROC) traded down 0.38% on Monday, reaching $13.03. The company’s stock had a trading volume of 439,184 shares. The company’s market capitalization is $892.23 million. Archrock has a 52 week low of $3.41 and a 52 week high of $24.17. The firm’s 50 day moving average price is $11.61 and its 200-day moving average price is $9.12.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AROC. Mason Street Advisors LLC purchased a new position in Archrock during the second quarter worth approximately $128,000. Public Employees Retirement System of Ohio increased its position in Archrock by 17.9% in the second quarter. Public Employees Retirement System of Ohio now owns 26,879 shares of the company’s stock worth $253,000 after buying an additional 4,078 shares in the last quarter. Harvest Fund Advisors LLC purchased a new position in Archrock during the second quarter worth approximately $14,732,000. Schwab Charles Investment Management Inc. increased its position in Archrock by 10.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 702,068 shares of the company’s stock worth $6,614,000 after buying an additional 65,237 shares in the last quarter. Finally, Stifel Financial Corp purchased a new position in Archrock during the second quarter worth approximately $108,000. 88.18% of the stock is currently owned by institutional investors.
Archrock Company Profile
Archrock, Inc, formerly Exterran Holdings, Inc, is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States.
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