Monday, February 6, 2023
Google search engine
HomeMarketResultsArchrock (NYSE:AROC) Upgraded to "Buy" by StockNews.com

Archrock (NYSE:AROC) Upgraded to “Buy” by StockNews.com


Archrock (NYSE:AROCGet Rating) was upgraded by analysis analysts at StockNews.com from a “maintain” ranking to a “purchase” ranking in a be aware issued to traders on Thursday.

Individually, Raymond James initiated protection on shares of Archrock in a report on Friday, December ninth. They set an “outperform” ranking and a $10.00 value goal on the inventory.

Archrock Value Efficiency

AROC opened at $8.84 on Thursday. The corporate has a debt-to-equity ratio of 1.72, a present ratio of 1.13 and a fast ratio of 0.70. The corporate has a market capitalization of $1.38 billion, a price-to-earnings ratio of 34.00 and a beta of 1.72. The agency’s fifty day transferring common value is $8.43 and its two-hundred day transferring common value is $7.87. Archrock has a 1 12 months low of $6.28 and a 1 12 months excessive of $10.44.

Institutional Buyers Weigh In On Archrock

Hedge funds have lately made adjustments to their positions within the enterprise. Mirae Asset World Investments Co. Ltd. raised its stake in Archrock by 6.0% within the 2nd quarter. Mirae Asset World Investments Co. Ltd. now owns 2,003,998 shares of the power firm’s inventory valued at $16,573,000 after buying a further 114,017 shares in the course of the interval. Trexquant Funding LP purchased a brand new stake in Archrock within the 2nd quarter valued at about $298,000. Assenagon Asset Administration S.A. elevated its place in shares of Archrock by 64.2% in the course of the second quarter. Assenagon Asset Administration S.A. now owns 413,211 shares of the power firm’s inventory valued at $3,417,000 after shopping for a further 161,514 shares in the course of the interval. Fifth Third Bancorp elevated its place in shares of Archrock by 13.8% in the course of the second quarter. Fifth Third Bancorp now owns 57,868 shares of the power firm’s inventory valued at $479,000 after shopping for a further 7,035 shares in the course of the interval. Lastly, Tortoise Index Options LLC elevated its place in shares of Archrock by 1.0% in the course of the second quarter. Tortoise Index Options LLC now owns 304,991 shares of the power firm’s inventory valued at $2,522,000 after shopping for a further 3,090 shares in the course of the interval. 82.05% of the inventory is presently owned by institutional traders.

Archrock Firm Profile

(Get Rating)

Archrock, Inc, along with its subsidiaries, operates as an power infrastructure firm in the US. It operates in two segments, Contract Operations and Aftermarket Companies. The corporate engages within the designing, sourcing, proudly owning, putting in, working, servicing, repairing, and sustaining its owned fleet of pure fuel compression gear to supply pure fuel compression providers to clients within the oil and pure fuel business.

Additional Studying

This on the spot information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial crew previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

Earlier than you think about Archrock, you may need to hear this.

MarketBeat retains observe of Wall Avenue’s top-rated and greatest performing analysis analysts and the shares they suggest to their purchasers every day. MarketBeat has recognized the five stocks that high analysts are quietly whispering to their purchasers to purchase now earlier than the broader market catches on… and Archrock wasn’t on the listing.

Whereas Archrock presently has a “Purchase” ranking amongst analysts, top-rated analysts consider these 5 shares are higher buys.

View The Five Stocks Here



Source link

RELATED ARTICLES
- Advertisment -
Google search engine

Most Popular

Recent Comments