27,447 Shares in Archrock, Inc. (NYSE:AROC) Purchased by Park Avenue Securities LLC

Park Avenue Securities LLC purchased a new stake in 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 purchased 27,447 shares of the energy company's stock, valued at approximately $683,000.

Several other hedge funds also recently modified their holdings of AROC. B. Riley Wealth Advisors Inc. raised its stake in shares of Archrock by 0.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 50,654 shares of the energy company's stock valued at $1,025,000 after acquiring an additional 427 shares during the last quarter. Atria Investments Inc increased its holdings in Archrock by 2.3% in the third quarter. Atria Investments Inc now owns 32,648 shares of the energy company's stock valued at $661,000 after purchasing an additional 746 shares during the period. Glenmede Trust Co. NA raised its position in Archrock by 2.7% during the 3rd quarter. Glenmede Trust Co. NA now owns 31,485 shares of the energy company's stock worth $637,000 after purchasing an additional 838 shares during the last quarter. KBC Group NV lifted its holdings in Archrock by 23.6% during the 3rd quarter. KBC Group NV now owns 5,324 shares of the energy company's stock worth $108,000 after buying an additional 1,016 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Archrock by 29.6% during the 3rd quarter. GAMMA Investing LLC now owns 5,251 shares of the energy company's stock worth $106,000 after buying an additional 1,199 shares during the period. Institutional investors and hedge funds own 95.45% of the company's stock.

Archrock Stock Down 0.5 %

Shares of AROC stock traded down $0.15 on Thursday, hitting $29.60. The stock had a trading volume of 931,408 shares, compared to its average volume of 1,350,051. Archrock, Inc. 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 current ratio of 1.26 and a quick ratio of 0.82. The business has a 50 day moving average of $25.81 and a 200 day moving average of $22.41. The stock has a market cap of $5.18 billion, a price-to-earnings ratio of 32.52, a price-to-earnings-growth ratio of 1.84 and a beta of 1.58.

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. Archrock had a return on equity of 16.24% and a net margin of 13.34%. The business had revenue of $292.16 million for the quarter, compared to analysts' expectations of $286.19 million. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The business's revenue was up 15.3% on a year-over-year basis. As a group, analysts expect that Archrock, Inc. will post 1.12 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AROC. Royal Bank of Canada raised 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. raised their price target on shares of Archrock from $25.00 to $27.00 and gave the stock an "overweight" rating in a report on Friday, November 29th. Evercore ISI started coverage on shares of Archrock in a research note on Wednesday, September 25th. They issued an "outperform" rating and a $24.00 price objective on the stock. Citigroup started coverage on shares of Archrock in a research note on Friday, September 27th. They set a "buy" rating and a $24.00 target price for the company. Finally, Mizuho began coverage on shares of Archrock in a research report on Wednesday, October 2nd. They set an "outperform" rating and a $24.00 price target on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Archrock has an average rating of "Moderate Buy" and a consensus target price of $25.17.

About Archrock

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.