Park Avenue Securities LLC Invests $683,000 in Archrock, Inc. (NYSE:AROC)

Park Avenue Securities LLC bought a new position in shares of Archrock, Inc. (NYSE:AROC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 27,447 shares of the energy company’s stock, valued at approximately $683,000.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC boosted its stake in Archrock by 36.8% in the 4th quarter. GAMMA Investing LLC now owns 7,181 shares of the energy company’s stock worth $179,000 after purchasing an additional 1,930 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Archrock by 94.5% in the third quarter. JPMorgan Chase & Co. now owns 422,383 shares of the energy company’s stock valued at $8,549,000 after purchasing an additional 205,241 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Archrock by 24.4% in the third quarter. Principal Financial Group Inc. now owns 853,295 shares of the energy company’s stock worth $17,271,000 after buying an additional 167,510 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in shares of Archrock by 0.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 50,654 shares of the energy company’s stock valued at $1,025,000 after buying an additional 427 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Archrock by 5.9% during the third quarter. Franklin Resources Inc. now owns 94,756 shares of the energy company’s stock valued at $2,020,000 after buying an additional 5,295 shares during the period. 95.45% of the stock is owned by hedge funds and other institutional investors.

Archrock Stock Down 2.0 %

Shares of AROC stock opened at $29.75 on Thursday. The stock has a market cap of $5.21 billion, a P/E ratio of 32.69, a price-to-earnings-growth ratio of 1.80 and a beta of 1.58. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. The stock has a fifty day moving average price of $25.81 and a 200 day moving average price of $22.41. Archrock, Inc. has a one year low of $15.60 and a one year high of $30.44.

Archrock (NYSE:AROC) last announced its quarterly earnings results on Monday, November 11th. The energy company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Archrock had a net margin of 13.34% and a return on equity of 16.24%. The firm had revenue of $292.16 million during the quarter, compared to analysts’ expectations of $286.19 million. During the same quarter last year, the company earned $0.20 earnings per share. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. Analysts predict that Archrock, Inc. will post 1.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

AROC has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Royal Bank of Canada boosted their target price on Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Citigroup initiated coverage on Archrock in a research note on Friday, September 27th. They set a “buy” rating and a $24.00 price target for the company. Evercore ISI initiated coverage on Archrock in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $24.00 price target for the company. Finally, Mizuho assumed coverage on Archrock in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $24.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.