Zacks Investment Research cut shares of Archrock, Inc. (NYSE:AROC) from a hold rating to a strong sell rating in a report published on Friday morning.

According to Zacks, “Archrock, Inc. is a provider of natural gas contract compression services as well as supplier of aftermarket services of compression equipment. The company operates in the oil and gas producing regions primarily in the United States. Archrock, Inc., formerly known as Exterran Holdings, Inc., is based in Houston, United States. “

A number of other equities analysts have also weighed in on AROC. B. Riley reiterated a neutral rating on shares of Archrock in a research report on Wednesday, November 1st. FBR & Co reiterated a market perform rating and issued a $12.00 price target (up previously from $11.00) on shares of Archrock in a research report on Thursday, August 3rd. BidaskClub lowered Archrock from a buy rating to a hold rating in a research report on Wednesday, October 25th. ValuEngine lowered Archrock from a hold rating to a sell rating in a research report on Saturday, August 12th. Finally, Royal Bank Of Canada restated a buy rating and set a $13.00 price objective on shares of Archrock in a research report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $13.29.

Archrock (NYSE AROC) opened at $10.05 on Friday. Archrock has a fifty-two week low of $8.30 and a fifty-two week high of $16.40. The company has a quick ratio of 0.94, a current ratio of 1.63 and a debt-to-equity ratio of 1.99.

Archrock (NYSE:AROC) last released its earnings results on Thursday, November 2nd. The energy company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). The firm had revenue of $197.85 million for the quarter, compared to analyst estimates of $202.34 million. Archrock had a negative return on equity of 2.93% and a negative net margin of 8.62%. Archrock’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.01 earnings per share. analysts anticipate that Archrock will post -0.23 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date of this dividend is Tuesday, November 7th. Archrock’s dividend payout ratio is currently -48.98%.

Institutional investors have recently bought and sold shares of the business. Pacad Investment Ltd. boosted its stake in Archrock by 6.0% in the second quarter. Pacad Investment Ltd. now owns 8,900 shares of the energy company’s stock worth $101,000 after purchasing an additional 500 shares in the last quarter. Trexquant Investment LP acquired a new position in Archrock in the third quarter worth $131,000. Harbour Capital Advisors LLC boosted its stake in Archrock by 696.1% in the second quarter. Harbour Capital Advisors LLC now owns 11,400 shares of the energy company’s stock worth $1,000,000 after purchasing an additional 9,968 shares in the last quarter. Nine Chapters Capital Management LLC acquired a new position in Archrock in the third quarter worth $161,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Archrock in the third quarter worth $168,000. 90.90% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Archrock (NYSE:AROC)

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