Archrock (AROC) Receiving Somewhat Positive News Coverage, Analysis Shows
News coverage about Archrock (NYSE:AROC) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Archrock earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news articles about the energy company an impact score of 46.4652969353933 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several equities analysts recently commented on AROC shares. Scotiabank set a $15.00 price target on Archrock and gave the stock a “hold” rating in a research report on Tuesday, June 20th. Capital One Financial Corporation lowered Archrock from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 23rd. BidaskClub raised Archrock from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research lowered Archrock from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, FBR & Co reissued a “market perform” rating and set a $12.00 price target (up from $11.00) on shares of Archrock in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $13.46.
Archrock (NYSE AROC) opened at 12.80 on Friday. The firm’s market capitalization is $902.89 million. The firm has a 50 day moving average price of $11.15 and a 200-day moving average price of $11.28. Archrock has a 12 month low of $8.30 and a 12 month high of $16.40.
Archrock (NYSE:AROC) last announced its quarterly earnings data on Tuesday, August 1st. The energy company reported ($0.03) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.08. Archrock had a negative return on equity of 3.44% and a negative net margin of 8.57%. The company had revenue of $198.00 million during the quarter, compared to the consensus estimate of $196.00 million. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts forecast that Archrock will post ($0.20) EPS for the current year.
Archrock Company Profile
Archrock, Inc is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States.
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