Piper Jaffray Companies Comments on Archrock Inc’s Q4 2018 Earnings (AROC)

Archrock Inc (NYSE:AROC) – Equities research analysts at Piper Jaffray Companies issued their Q4 2018 earnings per share estimates for shares of Archrock in a research report issued to clients and investors on Wednesday, October 17th. Piper Jaffray Companies analyst J. Watson anticipates that the energy company will post earnings of ($0.01) per share for the quarter. Piper Jaffray Companies has a “Buy” rating and a $14.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Archrock’s Q1 2019 earnings at $0.09 EPS and FY2019 earnings at $0.49 EPS.

Archrock (NYSE:AROC) last issued its quarterly earnings data on Thursday, August 2nd. The energy company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The firm had revenue of $226.87 million during the quarter, compared to the consensus estimate of $216.63 million. Archrock had a net margin of 4.19% and a return on equity of 0.45%.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Archrock from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Tuesday, July 3rd. TheStreet upgraded shares of Archrock from a “d+” rating to a “c-” rating in a research report on Wednesday, August 1st. Royal Bank of Canada restated a “buy” rating and set a $16.00 price objective on shares of Archrock in a research report on Friday, August 3rd. B. Riley raised their price objective on shares of Archrock from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, August 6th. Finally, ValuEngine downgraded shares of Archrock from a “hold” rating to a “sell” rating in a research report on Friday, September 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Archrock currently has an average rating of “Buy” and a consensus target price of $14.43.

Shares of AROC stock opened at $10.76 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.35 and a quick ratio of 0.86. The company has a market cap of $1.47 billion, a price-to-earnings ratio of -53.80 and a beta of 2.86. Archrock has a 12-month low of $8.25 and a 12-month high of $13.75.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AROC. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Archrock by 332.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,503 shares of the energy company’s stock valued at $102,000 after buying an additional 6,539 shares in the last quarter. WINTON GROUP Ltd bought a new position in Archrock in the first quarter valued at approximately $120,000. Element Capital Management LLC bought a new position in Archrock in the first quarter valued at approximately $127,000. Meadow Creek Investment Management LLC increased its stake in Archrock by 90.0% in the second quarter. Meadow Creek Investment Management LLC now owns 12,224 shares of the energy company’s stock valued at $147,000 after acquiring an additional 5,792 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC bought a new position in Archrock in the second quarter valued at approximately $151,000. Institutional investors own 88.90% of the company’s stock.

In other Archrock news, CFO Doug S. Aron purchased 10,000 shares of the company’s stock in a transaction dated Friday, August 17th. The stock was bought at an average cost of $11.92 per share, for a total transaction of $119,200.00. Following the completion of the transaction, the chief financial officer now owns 49,215 shares in the company, valued at $586,642.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.54% of the stock is currently owned by insiders.

Archrock Company Profile

Archrock, Inc engages in the natural gas contract operations services business in the United States. The company provides natural gas compression services to customers in the oil and natural gas industry. It also offers aftermarket services, such as parts and components; and operation, maintenance, overhaul, and reconfiguration services to customers who own compression equipment.

Read More: Earnings Per Share

Earnings History and Estimates for Archrock (NYSE:AROC)

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