The stock of Archrock Inc (NYSE:AROC) hit a new 52-week high and has $18.21 target or 31.00% above today’s $13.90 share price. The 8 months bullish chart indicates low risk for the $994.90M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $18.21 price target is reached, the company will be worth $308.42 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 204,571 shares traded hands. Archrock Inc (NYSE:AROC) has risen 61.84% since April 15, 2016 and is uptrending. It has outperformed by 57.21% the S&P500.
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 firm has “Neutral” rating by PiperJaffray given on Monday, August 22. The stock of Archrock Inc (NYSE:AROC) earned “Buy” rating by RF Lafferty on Tuesday, April 5. Johnson Rice upgraded Archrock Inc (NYSE:AROC) on Friday, August 5 to “Accumulate” rating. The firm earned “Underperform” rating on Tuesday, May 3 by RBC Capital Markets. The firm earned “Mkt Perform” rating on Friday, July 15 by FBR Capital. Piper Jaffray initiated the shares of AROC in a report on Monday, August 22 with “Neutral” rating. The firm has “Sector Perform” rating by Howard Weil given on Monday, March 28. The stock of Archrock Inc (NYSE:AROC) earned “Sector Perform” rating by RBC Capital Markets on Friday, August 5. Piperjaffray initiated Archrock Inc (NYSE:AROC) on Monday, August 22 with “Neutral” rating.
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 Partners to Acquire Compression Assets from Archrock, Inc.” on November 01, 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 Businesswire.com‘s news article titled: “Archrock, Inc. and Archrock Partners Third-Quarter 2016 Conference Call” with publication date: October 25, 2016.
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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