9,558 Shares in Archrock, Inc. (NYSE:AROC) Bought by Ballentine Partners LLC

Ballentine Partners LLC bought a new stake in Archrock, Inc. (NYSE:AROC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,558 shares of the energy company's stock, valued at approximately $238,000.

Several other hedge funds also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. grew its position in shares of Archrock by 1.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 48,091 shares of the energy company's stock valued at $1,197,000 after purchasing an additional 796 shares during the period. Steph & Co. acquired a new position in shares of Archrock in the fourth quarter valued at approximately $129,000. Redhawk Wealth Advisors Inc. increased its position in shares of Archrock by 29.7% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 23,711 shares of the energy company's stock worth $590,000 after acquiring an additional 5,424 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new stake in Archrock in the 4th quarter valued at $11,072,000. Finally, Park Avenue Securities LLC acquired a new position in Archrock in the 4th quarter worth $683,000. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AROC. JPMorgan Chase & Co. boosted their price target on Archrock from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Friday, November 29th. Mizuho assumed coverage on Archrock in a research report on Wednesday, October 2nd. They set an "outperform" rating and a $24.00 price target for the company. Finally, Royal Bank of Canada lifted their price objective on shares of Archrock from $26.00 to $27.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $25.17.

Archrock Stock Performance

Shares of AROC traded up $0.16 during mid-day trading on Friday, reaching $29.76. The company's stock had a trading volume of 1,041,960 shares, compared to its average volume of 1,062,728. Archrock, Inc. has a 1-year low of $15.65 and a 1-year high of $30.44. The business has a 50-day simple moving average of $26.07 and a two-hundred day simple moving average of $22.55. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. The stock has a market cap of $5.21 billion, a P/E ratio of 32.70, a PEG ratio of 1.81 and a beta of 1.58.

Archrock (NYSE:AROC - Get Free Report) last released its quarterly earnings data on Monday, November 11th. The energy company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The firm had revenue of $292.16 million for the quarter, compared to the consensus estimate of $286.19 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. The company's quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.20 earnings per share. As a group, equities research analysts anticipate that Archrock, Inc. will post 1.12 earnings per share for the current fiscal 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.