Royce & Associates LP acquired a new stake in shares of Archrock Inc (NYSE:AROC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 25,000 shares of the energy company’s stock, valued at approximately $187,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Raymond James & Associates grew its stake in shares of Archrock by 10.4% in the fourth quarter. Raymond James & Associates now owns 21,545 shares of the energy company’s stock valued at $161,000 after buying an additional 2,024 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in shares of Archrock by 15.1% in the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 245,504 shares of the energy company’s stock valued at $1,839,000 after buying an additional 32,260 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Archrock by 50.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,008,311 shares of the energy company’s stock valued at $15,042,000 after buying an additional 672,408 shares in the last quarter. Texas Permanent School Fund grew its stake in shares of Archrock by 3.9% in the fourth quarter. Texas Permanent School Fund now owns 84,637 shares of the energy company’s stock valued at $634,000 after buying an additional 3,209 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Archrock by 24.4% in the fourth quarter. Bank of New York Mellon Corp now owns 2,747,004 shares of the energy company’s stock valued at $20,575,000 after buying an additional 538,847 shares in the last quarter. 87.90% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on AROC shares. B. Riley restated a “buy” rating on shares of Archrock in a research note on Friday, February 22nd. Zacks Investment Research upgraded Archrock from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Monday, January 14th. Finally, ValuEngine upgraded Archrock from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.00.

Shares of NYSE AROC opened at $9.90 on Friday. Archrock Inc has a fifty-two week low of $7.26 and a fifty-two week high of $13.75. The company has a quick ratio of 1.19, a current ratio of 1.70 and a debt-to-equity ratio of 1.82. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 20.63 and a beta of 2.90.

Archrock (NYSE:AROC) last issued its earnings results on Tuesday, February 19th. The energy company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. The company had revenue of $233.20 million during the quarter, compared to analyst estimates of $232.15 million. Archrock had a return on equity of 4.09% and a net margin of 2.33%. The company’s revenue was up 11.6% on a year-over-year basis. Equities analysts expect that Archrock Inc will post 0.67 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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