B. Riley Analysts Give Archrock (AROC) a $16.00 Price Target

Archrock (NYSE:AROC) has been assigned a $16.00 price target by stock analysts at B. Riley in a report released on Sunday. The brokerage presently has a “buy” rating on the energy company’s stock. B. Riley’s price objective indicates a potential upside of 28.51% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Archrock from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 18th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $16.00 price target on shares of Archrock in a research report on Friday, August 3rd. TheStreet raised shares of Archrock from a “d+” rating to a “c-” rating in a research report on Wednesday, August 1st. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $14.75 price target on shares of Archrock in a research report on Tuesday, August 7th. Finally, ValuEngine cut shares of Archrock from a “hold” rating to a “sell” rating in a research report on Friday, September 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $14.54.

Shares of AROC stock opened at $12.45 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.86 and a current ratio of 1.35. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of -62.25 and a beta of 2.86. Archrock has a one year low of $8.25 and a one year high of $13.75.

Archrock (NYSE:AROC) last issued its earnings results on Thursday, August 2nd. The energy company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. The business had revenue of $226.87 million for the quarter, compared to the consensus estimate of $216.63 million. Archrock had a net margin of 4.19% and a return on equity of 0.45%. On average, equities analysts forecast that Archrock will post 0.24 EPS for the current fiscal year.

In other news, CFO Doug S. Aron bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 17th. The stock was bought at an average price of $11.92 per share, with a total value of $119,200.00. Following the completion of the transaction, the chief financial officer now directly owns 49,215 shares of the company’s stock, valued at approximately $586,642.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.54% of the company’s stock.

A number of large investors have recently bought and sold shares of AROC. Wells Fargo & Company MN lifted its position in Archrock by 90.1% during the first quarter. Wells Fargo & Company MN now owns 291,555 shares of the energy company’s stock valued at $2,551,000 after acquiring an additional 138,174 shares during the last quarter. Prudential Financial Inc. lifted its position in Archrock by 23.1% during the first quarter. Prudential Financial Inc. now owns 208,230 shares of the energy company’s stock valued at $1,822,000 after acquiring an additional 39,100 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Archrock by 4.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 767,325 shares of the energy company’s stock valued at $6,715,000 after acquiring an additional 33,344 shares during the last quarter. Northern Trust Corp lifted its position in Archrock by 2.1% during the first quarter. Northern Trust Corp now owns 883,244 shares of the energy company’s stock valued at $7,728,000 after acquiring an additional 17,761 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Archrock by 0.7% during the first quarter. BlackRock Inc. now owns 10,080,035 shares of the energy company’s stock valued at $88,200,000 after acquiring an additional 74,927 shares during the last quarter. 88.90% of the stock is owned by institutional investors.

About Archrock

Archrock, Inc engages in the natural gas contract operations services business in the United States. The company provides natural gas compression services to customers in the oil and natural gas industry. It also offers aftermarket services, such as parts and components; and operation, maintenance, overhaul, and reconfiguration services to customers who own compression equipment.

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Analyst Recommendations for Archrock (NYSE:AROC)

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