Lebenthal Global Advisors LLC Purchases New Stake in Archrock, Inc. (NYSE:AROC)

Lebenthal Global Advisors LLC acquired a new position in shares of Archrock, Inc. (NYSE:AROC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,497 shares of the energy company's stock, valued at approximately $336,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AROC. Brown Brothers Harriman & Co. acquired a new position in shares of Archrock during the third quarter worth $28,000. Wolff Wiese Magana LLC bought a new stake in Archrock during the 3rd quarter worth $30,000. Continuum Advisory LLC increased its holdings 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 purchasing an additional 2,080 shares in the last quarter. Millburn Ridgefield Corp bought a new position in Archrock in the third quarter valued at about $50,000. Finally, Quarry LP acquired a new stake in shares of Archrock during the second quarter valued at about $52,000. Institutional investors own 95.45% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on AROC. Royal Bank of Canada upped their price objective on Archrock from $26.00 to $27.00 and gave the company an "outperform" rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. upped their price target 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. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Archrock presently has a consensus rating of "Moderate Buy" and a consensus target price of $25.17.

Archrock Trading Down 6.4 %

AROC stock traded down $1.91 during trading on Friday, hitting $28.08. The company had a trading volume of 2,002,295 shares, compared to its average volume of 1,414,870. The stock has a market cap of $4.92 billion, a PE ratio of 30.85, a PEG ratio of 1.75 and a beta of 1.58. The business has a 50-day moving average of $26.38 and a 200-day moving average of $22.74. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. Archrock, Inc. has a one year low of $15.65 and a one year high of $30.44.

Archrock (NYSE:AROC - Get Free Report) last posted its quarterly earnings data on Monday, November 11th. The energy company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. The company had revenue of $292.16 million during the quarter, compared to analysts' expectations of $286.19 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. Archrock's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 earnings per share. Research analysts predict 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.