Scotiabank reissued their hold rating on shares of Archrock, Inc. (NYSE:AROC) in a research note published on Friday. Scotiabank currently has a $14.00 price target on the energy company’s stock.

Other equities analysts have also recently issued research reports about the company. Royal Bank Of Canada upgraded Archrock from a sector perform rating to an outperform rating in a report on Wednesday, August 23rd. Zacks Investment Research cut Archrock from a hold rating to a sell rating in a report on Monday, August 7th. BidaskClub cut Archrock from a buy rating to a hold rating in a report on Friday, August 4th. J P Morgan Chase & Co reiterated a neutral rating and set a $12.00 price target (down previously from $13.00) on shares of Archrock in a report on Tuesday, August 8th. Finally, FBR & Co reiterated a market perform rating and set a $12.00 price target (up previously from $11.00) on shares of Archrock in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Archrock currently has a consensus rating of Hold and a consensus target price of $13.29.

Archrock (NYSE:AROC) opened at $10.85 on Friday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.94 and a current ratio of 1.63. Archrock has a 1-year low of $8.30 and a 1-year high of $16.40.

Archrock (NYSE:AROC) last announced its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.01). The company had revenue of $197.85 million during the quarter, compared to the consensus estimate of $202.34 million. Archrock had a negative net margin of 8.62% and a negative return on equity of 2.93%. Archrock’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 EPS. equities research analysts anticipate that Archrock will post 0.05 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was published by Watch List News and is the property of of Watch List News. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be accessed at https://www.watchlistnews.com/archrocks-aroc-hold-rating-reiterated-at-scotiabank/1681719.html.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 15th. Investors of record on Wednesday, November 8th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date is Tuesday, November 7th. Archrock’s payout ratio is currently -48.98%.

A number of hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its position in Archrock by 0.4% during the second quarter. PNC Financial Services Group Inc. now owns 29,392 shares of the energy company’s stock worth $335,000 after acquiring an additional 119 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in Archrock by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 28,900 shares of the energy company’s stock worth $329,000 after acquiring an additional 200 shares during the last quarter. Arizona State Retirement System lifted its position in Archrock by 0.5% during the second quarter. Arizona State Retirement System now owns 36,981 shares of the energy company’s stock worth $422,000 after acquiring an additional 200 shares during the last quarter. Pacad Investment Ltd. lifted its position in Archrock by 6.0% during the second quarter. Pacad Investment Ltd. now owns 8,900 shares of the energy company’s stock worth $101,000 after acquiring an additional 500 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in Archrock by 1.1% during the second quarter. Wells Fargo & Company MN now owns 51,947 shares of the energy company’s stock worth $593,000 after acquiring an additional 573 shares during the last quarter. Hedge funds and other institutional investors own 92.55% of the company’s stock.

About Archrock

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.

Analyst Recommendations for Archrock (NYSE:AROC)

Receive News & Ratings for Archrock Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archrock Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.