Ballentine Partners LLC Buys Shares of 9,558 Archrock, Inc. (NYSE:AROC)

Ballentine Partners LLC purchased a new position in Archrock, Inc. (NYSE:AROC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,558 shares of the energy company’s stock, valued at approximately $238,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new position in Archrock in the 3rd quarter worth about $28,000. Wolff Wiese Magana LLC acquired a new stake in shares of Archrock during the 3rd quarter valued at about $30,000. Continuum Advisory LLC grew its stake in shares of Archrock by 5,621.6% in the 3rd quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock valued at $43,000 after buying an additional 2,080 shares in the last quarter. Millburn Ridgefield Corp acquired a new position in Archrock in the third quarter worth approximately $50,000. Finally, Quarry LP bought a new position in Archrock during the second quarter valued at approximately $52,000. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Archrock Trading Up 0.5 %

Shares of NYSE:AROC opened at $29.76 on Friday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. The stock’s 50-day moving average is $26.07 and its 200-day moving average is $22.54. The company has a market cap of $5.21 billion, a P/E ratio of 32.70, a P/E/G ratio of 1.81 and a beta of 1.58. Archrock, Inc. has a 52-week low of $15.65 and a 52-week high of $30.44.

Archrock (NYSE:AROC) last issued its quarterly earnings results on Monday, November 11th. The energy company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. Archrock had a return on equity of 16.24% and a net margin of 13.34%. The company had revenue of $292.16 million for the quarter, compared to the consensus estimate of $286.19 million. During the same period in the previous year, the business posted $0.20 EPS. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. Equities research analysts predict that Archrock, Inc. will post 1.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Royal Bank of Canada increased their price target on shares of Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. raised their target price on Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Finally, Mizuho started coverage on Archrock in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $24.00 price target for the company. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $25.17.

About Archrock

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.