The stock of Archrock Inc (NYSE:AROC) is a huge mover today! The stock increased 4.14% or $0.52 during the last trading session, hitting $13.08. About 618,429 shares traded hands or 14.52% up from the average. Archrock Inc (NYSE:AROC) has risen 214.79% since February 26, 2016 and is uptrending. It has outperformed by 204.36% the S&P500.
The move comes after 7 months positive chart setup for the $911.44 million company. It was reported on Oct, 1 by Barchart.com. We have $15.83 PT which if reached, will make NYSE:AROC worth $191.40M more.
Archrock Inc (NYSE:AROC) Ratings Coverage
Out of 8 analysts covering Archrock (NYSE:AROC), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. Archrock has been the topic of 9 analyst reports since March 28, 2016 according to StockzIntelligence Inc. The rating was initiated by Piper Jaffray with “Neutral” on Monday, August 22. The firm has “Mkt Perform” rating by FBR Capital given on Friday, July 15. RBC Capital Markets downgraded Archrock Inc (NYSE:AROC) on Tuesday, May 3 to “Underperform” rating. The rating was upgraded by RBC Capital Markets to “Sector Perform” on Friday, August 5. PiperJaffray initiated the stock with “Neutral” rating in Monday, August 22 report. The company was initiated on Monday, August 22 by Piperjaffray. On Tuesday, April 5 the stock rating was initiated by RF Lafferty with “Buy”. The firm has “Accumulate” rating given on Friday, August 5 by Johnson Rice. The firm earned “Sector Perform” rating on Monday, March 28 by Howard Weil.
According to Zacks Investment Research, “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.”
More notable recent Archrock Inc (NYSE:AROC) news were published by: Businesswire.com which released: “Archrock, Inc. Completes Spin-Off of Exterran Corporation” on November 04, 2015, also Quotes.Wsj.com with their article: “Archrock Inc. AROC (US: NYSE)” published on November 04, 2015, Businesswire.com published: “Archrock, Inc. and Archrock Partners Second-Quarter 2016 Conference Call” on July 27, 2016. More interesting news about Archrock Inc (NYSE:AROC) were released by: Businesswire.com and their article: “Archrock, Inc. Announces Redemption of All of Its Outstanding 7.25% Senior …” published on November 04, 2015 as well as Marketwatch.com‘s news article titled: “Archrock upgraded to sector perform from underperform at RBC Capital” with publication date: November 04, 2015.
AROC Company Profile
Archrock, Inc., formerly Exterran Holdings, Inc., incorporated on February 2, 2007, is a natural gas contract activities services company. The Firm also provides natural gas compression services to clients in the oil and natural gas industry throughout the United States and supplies aftermarket services to clients that own compression equipment in the United States. The Company’s divisions include contract activities and aftermarket services. The contract activities segment primarily provides natural gas compression services to meet specific customer requirements. The aftermarket services segment provides a range of services to support the compression needs of customers, from parts sales and normal maintenance services to full operation of a customer’s owned assets.
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