Analysts Set Archrock, Inc. (NYSE:AROC) Price Target at $25.17

Shares of Archrock, Inc. (NYSE:AROC - Get Free Report) have been assigned an average recommendation of "Buy" from the six ratings firms that are covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $25.17.

A number of brokerages have recently weighed in on AROC. Royal Bank of Canada lifted their price objective on Archrock from $26.00 to $27.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. boosted their price objective on shares of Archrock from $25.00 to $27.00 and gave the company an "overweight" rating in a research report on Friday, November 29th.

Institutional Investors Weigh In On Archrock

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. bought a new position in Archrock in the 3rd quarter worth approximately $28,000. Wolff Wiese Magana LLC purchased a new position in Archrock during the 3rd quarter valued at approximately $30,000. Continuum Advisory LLC increased its stake in Archrock by 5,621.6% in the 3rd quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company's stock worth $43,000 after acquiring an additional 2,080 shares during the last quarter. Montag A & Associates Inc. purchased a new stake in shares of Archrock during the 4th quarter worth approximately $55,000. Finally, Millburn Ridgefield Corp bought a new position in shares of Archrock during the 3rd quarter valued at approximately $50,000. 95.45% of the stock is owned by hedge funds and other institutional investors.

Archrock Trading Down 5.5 %

AROC traded down $1.64 on Tuesday, hitting $28.35. 1,090,307 shares of the company were exchanged, compared to its average volume of 1,374,532. The stock has a market capitalization of $4.96 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 1.75 and a beta of 1.58. Archrock has a 12 month low of $15.65 and a 12 month high of $30.44. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. The firm has a fifty day simple moving average of $26.38 and a two-hundred day simple moving average of $22.74.

Archrock (NYSE:AROC - Get Free Report) last announced its quarterly earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. The business had revenue of $292.16 million for the quarter, compared to analyst estimates of $286.19 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. The company's revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 EPS. Sell-side analysts expect that Archrock will post 1.12 earnings per share for the current year.

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.