Archrock (NYSE:AROC) Stock Price Up 6.8%

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Shares of Archrock Inc (NYSE:AROC) rose 6.8% during trading on Tuesday . The stock traded as high as $3.90 and last traded at $3.62, approximately 1,145,386 shares were traded during trading. A decline of 3% from the average daily volume of 1,185,535 shares. The stock had previously closed at $3.39.

AROC has been the subject of several analyst reports. Zacks Investment Research raised shares of Archrock from a “sell” rating to a “hold” rating in a research report on Friday, March 13th. ValuEngine lowered shares of Archrock from a “sell” rating to a “strong sell” rating in a research report on Monday, March 9th. Finally, B. Riley decreased their price target on shares of Archrock from $13.00 to $8.50 and set a “buy” rating for the company in a research report on Tuesday, March 17th.

The firm has a market capitalization of $518.23 million, a PE ratio of 5.21 and a beta of 2.64. The company’s 50-day simple moving average is $6.37 and its 200 day simple moving average is $8.71. The company has a quick ratio of 1.14, a current ratio of 1.67 and a debt-to-equity ratio of 1.71.

In related news, SVP Jason Ingersoll acquired 8,400 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average cost of $5.94 per share, with a total value of $49,896.00. Following the transaction, the senior vice president now directly owns 149,583 shares of the company’s stock, valued at approximately $888,523.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Doug S. Aron acquired 13,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average cost of $7.61 per share, with a total value of $98,930.00. Following the completion of the transaction, the chief financial officer now directly owns 203,199 shares in the company, valued at $1,546,344.39. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 206,132 shares of company stock valued at $863,960. Insiders own 16.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Amalgamated Bank raised its position in shares of Archrock by 8.9% in the 4th quarter. Amalgamated Bank now owns 21,812 shares of the energy company’s stock valued at $219,000 after purchasing an additional 1,790 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Archrock by 17.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 12,517 shares of the energy company’s stock valued at $126,000 after purchasing an additional 1,844 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Archrock by 1.0% in the 3rd quarter. California State Teachers Retirement System now owns 200,381 shares of the energy company’s stock valued at $1,998,000 after purchasing an additional 1,974 shares during the last quarter. Stifel Financial Corp raised its position in shares of Archrock by 1.0% in the 3rd quarter. Stifel Financial Corp now owns 207,968 shares of the energy company’s stock valued at $2,073,000 after purchasing an additional 2,135 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Archrock by 0.9% in the 4th quarter. Swiss National Bank now owns 247,300 shares of the energy company’s stock valued at $2,483,000 after purchasing an additional 2,200 shares during the last quarter. 77.32% of the stock is owned by hedge funds and other institutional investors.

About Archrock (NYSE:AROC)

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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