B. Riley Brokers Boost Earnings Estimates for Archrock Inc (AROC)

Archrock Inc (NYSE:AROC) – Investment analysts at B. Riley upped their Q3 2018 earnings per share estimates for shares of Archrock in a report issued on Thursday. B. Riley analyst T. Curran now forecasts that the energy company will post earnings per share of $0.06 for the quarter, up from their previous estimate of $0.01. B. Riley has a “Hold” rating and a $12.00 price objective on the stock. B. Riley also issued estimates for Archrock’s Q4 2018 earnings at $0.06 EPS, FY2018 earnings at $0.16 EPS, Q1 2019 earnings at $0.06 EPS, Q2 2019 earnings at $0.05 EPS, Q3 2019 earnings at $0.05 EPS, Q4 2019 earnings at $0.05 EPS and FY2019 earnings at $0.20 EPS.

A number of other analysts have also weighed in on AROC. Zacks Investment Research raised shares of Archrock from a “sell” rating to a “hold” rating in a research note on Monday, September 25th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $13.00 price target on shares of Archrock in a research note on Wednesday, September 27th. BidaskClub upgraded shares of Archrock from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Scotiabank reiterated a “hold” rating and issued a $14.00 target price on shares of Archrock in a report on Friday, November 3rd. Finally, ValuEngine upgraded shares of Archrock from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $13.25.

Shares of Archrock (AROC) opened at $10.45 on Monday. The firm has a market cap of $803.22, a P/E ratio of -10.66 and a beta of 3.40. Archrock has a one year low of $8.30 and a one year 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 posted 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 net margin of 8.62% and a negative return on equity of 2.93%. The company’s revenue for the quarter 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.

A number of institutional investors have recently added to or reduced their stakes in AROC. JPMorgan Chase & Co. increased its stake in Archrock by 98.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,970,711 shares of the energy company’s stock valued at $33,865,000 after buying an additional 1,472,445 shares during the period. Dimensional Fund Advisors LP increased its stake in Archrock by 10.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,818,147 shares of the energy company’s stock valued at $66,328,000 after buying an additional 537,271 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in Archrock by 38.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,389,302 shares of the energy company’s stock valued at $17,435,000 after buying an additional 386,988 shares during the period. FMR LLC increased its stake in Archrock by 29.1% in the 2nd quarter. FMR LLC now owns 1,107,577 shares of the energy company’s stock valued at $12,626,000 after buying an additional 249,914 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Archrock by 27.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 907,608 shares of the energy company’s stock valued at $10,347,000 after buying an additional 196,255 shares during the period. Hedge funds and other institutional investors own 83.36% of the company’s stock.

WARNING: “B. Riley Brokers Boost Earnings Estimates for Archrock Inc (AROC)” was reported by Week Herald and is the sole property of of Week Herald. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://weekherald.com/2018/01/15/b-riley-brokers-boost-earnings-estimates-for-archrock-inc-aroc.html.

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.

Earnings History and Estimates for Archrock (NYSE:AROC)

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

Leave a Reply