Archrock Inc (NYSE:AROC) – Analysts at B. Riley dropped their Q3 2019 earnings per share (EPS) estimates for shares of Archrock in a research note issued to investors on Tuesday, June 25th, Zacks Investment Research reports. B. Riley analyst T. Curran now expects that the energy company will earn $0.13 per share for the quarter, down from their previous forecast of $0.16. B. Riley has a “Buy” rating and a $17.00 price objective on the stock. B. Riley also issued estimates for Archrock’s FY2020 earnings at $0.88 EPS.
Archrock (NYSE:AROC) last announced its earnings results on Monday, April 29th. The energy company reported $0.15 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.15. The firm had revenue of $236.16 million for the quarter, compared to analysts’ expectations of $239.45 million. Archrock had a net margin of 4.77% and a return on equity of 6.16%. The company’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.02 EPS.
Shares of NYSE AROC traded down $0.10 during midday trading on Wednesday, hitting $10.11. 558,518 shares of the company’s stock traded hands, compared to its average volume of 853,300. The company has a fifty day moving average price of $9.81. Archrock has a 1 year low of $7.26 and a 1 year high of $13.75. The stock has a market capitalization of $1.35 billion, a PE ratio of 21.06 and a beta of 2.78. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.39 and a quick ratio of 0.95.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Advisors Asset Management Inc. boosted its holdings in shares of Archrock by 1,740.7% during the fourth quarter. Advisors Asset Management Inc. now owns 265,378 shares of the energy company’s stock worth $1,988,000 after purchasing an additional 250,961 shares during the last quarter. Rhumbline Advisers boosted its stake in Archrock by 20.7% in the fourth quarter. Rhumbline Advisers now owns 380,349 shares of the energy company’s stock valued at $2,849,000 after acquiring an additional 65,140 shares during the period. Jennison Associates LLC acquired a new position in Archrock in the fourth quarter valued at approximately $400,000. Oregon Public Employees Retirement Fund acquired a new position in shares of Archrock during the fourth quarter worth approximately $368,000. Finally, First Trust Advisors LP acquired a new position in shares of Archrock during the fourth quarter worth approximately $956,000. Institutional investors own 87.28% of the company’s stock.
Archrock, Inc engages in the provision of operations, maintenance, service, and equipment for oil and natural gas production, processing, and transportation applications. It operates through the Contract Operations and Aftermarket Services segments. The Contract Operations segment is comprised of equity investment in the partnership, in addition to the owned fleet of natural gas compression equipment that the company use to provide operations services.
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