Wells Fargo & Company MN Acquires 99 Shares of Archrock, Inc. (AROC)

Wells Fargo & Company MN increased its stake in Archrock, Inc. (NYSE:AROC) by 0.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,374 shares of the energy company’s stock after buying an additional 99 shares during the period. Wells Fargo & Company MN’s holdings in Archrock were worth $636,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. New York State Teachers Retirement System raised its stake in shares of Archrock by 4.9% in the fourth quarter. New York State Teachers Retirement System now owns 143,802 shares of the energy company’s stock valued at $1,898,000 after buying an additional 6,700 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Archrock by 42.1% in the fourth quarter. Teachers Advisors LLC now owns 188,483 shares of the energy company’s stock valued at $2,488,000 after buying an additional 55,881 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Archrock by 20.9% in the first quarter. Russell Investments Group Ltd. now owns 221,011 shares of the energy company’s stock valued at $2,741,000 after buying an additional 38,200 shares during the last quarter. Comerica Bank raised its stake in shares of Archrock by 5.7% in the fourth quarter. Comerica Bank now owns 74,193 shares of the energy company’s stock valued at $1,139,000 after buying an additional 4,023 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Archrock by 40.7% in the first quarter. Bank of Montreal Can now owns 43,378 shares of the energy company’s stock valued at $539,000 after buying an additional 12,552 shares during the last quarter. Institutional investors own 88.90% of the company’s stock.

Shares of Archrock, Inc. (NYSE:AROC) opened at 10.75 on Monday. The stock’s market capitalization is $763.02 million. The company has a 50 day moving average of $10.90 and a 200 day moving average of $12.82. Archrock, Inc. has a 52-week low of $8.28 and a 52-week high of $16.40.

Archrock (NYSE:AROC) last announced its earnings results on Thursday, May 4th. The energy company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.06. Archrock had a negative net margin of 8.22% and a negative return on equity of 3.37%. The firm had revenue of $189.90 million for the quarter, compared to the consensus estimate of $191.30 million. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. Analysts predict that Archrock, Inc. will post ($0.44) EPS for the current fiscal year.

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AROC has been the topic of several research analyst reports. Capital One Financial Corporation lowered shares of Archrock from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 23rd. Royal Bank of Canada restated a “hold” rating and set a $15.00 target price on shares of Archrock in a research report on Friday, April 21st. Zacks Investment Research lowered shares of Archrock from a “hold” rating to a “sell” rating in a research report on Monday, May 1st. Simmons boosted their target price on shares of Archrock from $14.25 to $14.75 and gave the stock a “neutral” rating in a research report on Tuesday, April 11th. Finally, Scotiabank restated a “hold” rating and set a $16.00 target price on shares of Archrock in a research report on Friday, March 31st. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $13.29.

Archrock Company Profile

Archrock, 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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Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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