Archrock Inc (AROC) Expected to Post Earnings of $0.05 Per Share

Wall Street analysts expect Archrock Inc (NYSE:AROC) to announce $0.05 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Archrock’s earnings, with the highest EPS estimate coming in at $0.08 and the lowest estimate coming in at $0.01. Archrock reported earnings per share of ($0.09) during the same quarter last year, which would indicate a positive year over year growth rate of 155.6%. The company is expected to issue its next quarterly earnings report before the market opens on Thursday, November 1st.

According to Zacks, analysts expect that Archrock will report full year earnings of $0.24 per share for the current fiscal year, with EPS estimates ranging from $0.17 to $0.30. For the next financial year, analysts expect that the company will post earnings of $0.49 per share, with EPS estimates ranging from $0.48 to $0.50. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Archrock.

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

AROC has been the topic of a number of research analyst reports. Zacks Investment Research lowered Archrock from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 18th. ValuEngine lowered Archrock from a “hold” rating to a “sell” rating in a research report on Friday, September 21st. B. Riley set a $16.00 target price on Archrock and gave the company a “buy” rating in a research report on Sunday, October 7th. Royal Bank of Canada reissued a “buy” rating and issued a $16.00 target price on shares of Archrock in a research report on Friday, August 3rd. Finally, TheStreet raised Archrock from a “d+” rating to a “c-” rating in a research report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $14.43.

AROC traded up $0.14 during midday trading on Friday, reaching $10.76. 830,354 shares of the company were exchanged, compared to its average volume of 816,831. The stock has a market cap of $1.37 billion, a P/E ratio of -53.80 and a beta of 2.86. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 1.76. Archrock has a one year low of $8.25 and a one year high of $13.75.

In other news, CFO Doug S. Aron bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The shares were acquired at an average price of $11.92 per share, with a total value of $119,200.00. Following the transaction, the chief financial officer now owns 49,215 shares in the company, valued at $586,642.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.54% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of AROC. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Archrock by 332.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,503 shares of the energy company’s stock worth $102,000 after purchasing an additional 6,539 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of Archrock during the 1st quarter worth approximately $120,000. Element Capital Management LLC acquired a new position in shares of Archrock during the 1st quarter worth approximately $127,000. Meadow Creek Investment Management LLC increased its position in shares of Archrock by 90.0% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 12,224 shares of the energy company’s stock worth $147,000 after purchasing an additional 5,792 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC acquired a new position in shares of Archrock during the 2nd quarter worth approximately $151,000. 88.90% of the stock is currently owned by hedge funds and other institutional investors.

About Archrock

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.

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