Equities analysts predict that Archrock Inc (NYSE:AROC) will post earnings per share of $0.05 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Archrock’s earnings, with the highest EPS estimate coming in at $0.08 and the lowest estimate coming in at $0.01. Archrock reported earnings of ($0.09) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 155.6%. The firm is scheduled to issue its next earnings results on Thursday, November 1st.

On average, analysts expect that Archrock will report full year earnings of $0.24 per share for the current financial year, with EPS estimates ranging from $0.17 to $0.30. For the next fiscal year, analysts forecast that the company will post earnings of $0.50 per share, with EPS estimates ranging from $0.48 to $0.52. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Archrock.

Archrock (NYSE:AROC) last issued its quarterly earnings results on Thursday, August 2nd. The energy company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. The company had revenue of $226.87 million for the quarter, compared to analyst estimates of $216.63 million. Archrock had a net margin of 4.19% and a return on equity of 0.45%.

A number of analysts have issued reports on the stock. ValuEngine lowered shares of Archrock from a “hold” rating to a “sell” rating in a research note on Wednesday, June 13th. Royal Bank of Canada reiterated a “buy” rating and set a $16.00 price target on shares of Archrock in a research note on Friday, August 3rd. B. Riley boosted their price target on shares of Archrock from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Monday, August 6th. TheStreet upgraded shares of Archrock from a “d+” rating to a “c-” rating in a research note on Wednesday, August 1st. Finally, Zacks Investment Research lowered shares of Archrock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 18th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.54.

NYSE:AROC traded down $0.15 on Friday, reaching $11.80. 1,737,239 shares of the company’s stock were exchanged, compared to its average volume of 560,592. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.35 and a quick ratio of 0.86. The firm has a market capitalization of $1.53 billion, a PE ratio of -59.00 and a beta of 2.83. Archrock has a 52-week low of $8.25 and a 52-week high of $13.75.

In other news, CFO Doug S. Aron bought 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The shares were purchased at an average cost of $11.92 per share, for a total transaction of $119,200.00. Following the completion of the purchase, the chief financial officer now owns 49,215 shares of the company’s stock, valued at $586,642.80. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 2.54% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Archrock by 332.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,503 shares of the energy company’s stock valued at $102,000 after purchasing an additional 6,539 shares during the last quarter. Point72 Asia Hong Kong Ltd purchased a new position in Archrock in the first quarter valued at approximately $103,000. WINTON GROUP Ltd purchased a new position in Archrock in the first quarter valued at approximately $120,000. Quantbot Technologies LP purchased a new position in Archrock in the first quarter valued at approximately $123,000. Finally, Element Capital Management LLC purchased a new position in Archrock in the first quarter valued at approximately $127,000. Hedge funds and other institutional investors own 88.89% of the company’s stock.

Archrock Company Profile

Archrock, Inc engages in the natural gas contract operations services business in the United States. The company provides natural gas compression services to customers in the oil and natural gas industry. It also offers aftermarket services, such as parts and components; and operation, maintenance, overhaul, and reconfiguration services to customers who own compression equipment.

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Earnings History and Estimates for Archrock (NYSE:AROC)

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