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RBC Capital Keeps a Buy Rating on Archrock (AROC)

RBC Capital analyst T J Schultz maintained a Buy rating on Archrock (AROCResearch Report) on August 4 and set a price target of $11.00. The company’s shares closed last Friday at $7.69.

According to TipRanks.com, Schultz is a top 100 analyst with an average return of 17.6% and a 67.2% success rate. Schultz covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Equitrans Midstream, and Rattler Midstream.

Currently, the analyst consensus on Archrock is a Moderate Buy with an average price target of $11.00.

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Based on Archrock’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $197 million and net profit of $1.72 million. In comparison, last year the company earned revenue of $195 million and had a net profit of $4.17 million.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AROC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Archrock, Inc. engages in the provision of operations, maintenance, service, and equipment for oil and natural gas production, processing, and transportation applications. It operates through the Contract Operations and Aftermarket Services segments. The Contract Operations segment is comprised of equity investment in the partnership, in addition to the owned fleet of natural gas compression equipment that the company use to provide operations services. The Aftermarket Services segment sell parts and components, provides operations, maintenance, overhaul, and reconfiguration services to customers. The company was founded on February 2, 2007 and is headquartered in Houston, TX.

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