Stock On Watch: Archrock Inc on Focus After Trading At 52-Week Highs

Stock On Watch: Archrock Inc on Focus After Trading At 52 Week Highs

The stock of Archrock Inc (NYSE:AROC) hit a new 52-week high and has $20.29 target or 47.00% above today’s $13.80 share price. The 7 months bullish chart indicates low risk for the $987.75 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $20.29 price target is reached, the company will be worth $464.24M 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 255,760 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. $11 is the highest target while $9.50 is the lowest. The $10.17 average target is -26.30% below today’s ($13.8) stock price. Archrock has been the topic of 9 analyst reports since March 28, 2016 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Monday, August 22 by Piper Jaffray. The rating was upgraded by Howard Weil to “Sector Perform” on Monday, March 28. The firm has “Sector Perform” rating given on Friday, August 5 by RBC Capital Markets. As per Tuesday, April 5, the company rating was initiated by RF Lafferty. The firm earned “Mkt Perform” rating on Friday, July 15 by FBR Capital. Johnson Rice upgraded the stock to “Accumulate” rating in Friday, August 5 report. As per Monday, August 22, the company rating was initiated by PiperJaffray. The stock of Archrock Inc (NYSE:AROC) has “Underperform” rating given on Tuesday, May 3 by RBC Capital Markets. 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: Quotes.Wsj.com which released: “Archrock Inc. AROC (US: NYSE)” on November 04, 2015, also Businesswire.com with their article: “Archrock Partners to Acquire Compression Assets from Archrock, Inc.” published on November 01, 2016, Businesswire.com published: “Archrock, Inc. Completes Spin-Off of Exterran Corporation” on November 04, 2015. 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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