Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Archrock (AROC) Share Price
News headlines about Archrock (NYSE:AROC) have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog 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 0.19 on Accern’s scale. Accern also gave media coverage about the energy company an impact score of 46.7985853632026 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Archrock (AROC) Upgraded by JPMorgan Chase & Co. to Overweight (americanbankingnews.com)
- Exterran Energy Solutions, L.P. — Moody’s upgrades Exterran’s CFR to Ba3, Notes to B1 (finance.yahoo.com)
- Contrasting Flotek Industries (FTK) & Archrock (AROC) (americanbankingnews.com)
- Head-To-Head Comparison: Archrock (AROC) and Vantage Drilling (VTGDF) (americanbankingnews.com)
- Analyzing Archrock (AROC) and Basic Energy Services (BAS) (americanbankingnews.com)
Several equities analysts have weighed in on the company. JPMorgan Chase & Co. raised Archrock from a “neutral” rating to an “overweight” rating and set a $13.00 target price on the stock in a research note on Thursday. ValuEngine cut Archrock from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 1st. Zacks Investment Research raised Archrock from a “sell” rating to a “hold” rating in a research note on Friday, February 23rd. Capital One Financial raised Archrock from an “equal weight” rating to an “overweight” rating in a research note on Friday, February 23rd. Finally, Piper Jaffray Companies raised Archrock from a “neutral” rating to an “overweight” rating in a research note on Friday, January 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Archrock has an average rating of “Hold” and a consensus target price of $13.39.
Archrock (NYSE:AROC) last announced its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.07. The business had revenue of $208.90 million during the quarter, compared to analysts’ expectations of $200.88 million. Archrock had a negative return on equity of 2.31% and a net margin of 2.39%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.06) EPS. analysts predict that Archrock will post 0.13 EPS for the current fiscal year.
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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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