Zacks Investment Research downgraded Archrock Inc (NYSE:AROC) to Hold in a report released today.
- Updated: October 5, 2016
Zacks Investment Research has downgraded Archrock Inc (NYSE:AROC) to Hold in a report released on 10/5/2016.
Previously on 10/03/2016, Zacks Investment Research reported about Archrock Inc (NYSE:AROC) raised the target price from $0.00 to $15.00. At the time, this indicated a possible upside of 0.15%.
Yesterday Archrock Inc (NYSE:AROC) traded 3.23% higher at $12.70. The company’s 50-day moving average is $11.69 and its 200-day moving average is $9.24. The last stock close price is up 41.83% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 485,613 shares of the stock were exchanged, down from an average trading volume of 601,660
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Archrock Inc has a 52 week low of $3.41 and a 52 week high of $24.17 The company’s market cap is currently $0.
Also covering Archrock Inc's price target, a total of 5 brokers have issued a research note on the company. The consensus target price is $14.40 with 0 firms rating the stock a strong buy, 2 equity analysts rating the company a buy, three equity analysts rating the company a hold, one analyst rating the company a underperform, and lastly 0 brokers rating the stock a sell.
General Information About Archrock Inc (NYSE:AROC)
Archrock, Inc., formerly Exterran Holdings, Inc., is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States. The Company's segments include contract operations and aftermarket services. The contract operations segment primarily provides natural gas compression services to meet specific customer requirements. The aftermarket services segment sells parts and components, and provides operation, maintenance, overhaul and reconfiguration services to customers having compression and oilfield power generation equipment. The Company also has equity interest in Archrock Partners, L.P. (the Partnership), a master limited partnership that provides natural gas contract operations services to customers throughout the United States.
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