Archrock (NYSE:AROC) Stock Price Expected to Rise, Citigroup Analyst Says

Archrock (NYSE:AROC) had its price target upped by analysts at Citigroup from $32.00 to $33.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the energy company’s stock. Citigroup’s target price indicates a potential upside of 23.12% from the stock’s previous close.

Separately, JPMorgan Chase & Co. increased their price objective on Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Archrock presently has a consensus rating of “Moderate Buy” and an average target price of $26.67.

Archrock Price Performance

Shares of NYSE AROC opened at $26.80 on Tuesday. Archrock has a 1 year low of $17.27 and a 1 year high of $30.44. The stock has a market capitalization of $4.70 billion, a P/E ratio of 29.46, a P/E/G ratio of 1.60 and a beta of 1.56. The company’s 50-day moving average is $27.20 and its 200 day moving average is $24.21. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. purchased a new stake in Archrock during the 3rd quarter valued at approximately $28,000. Wolverine Asset Management LLC increased its holdings in shares of Archrock by 111.8% in the fourth quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company’s stock worth $37,000 after purchasing an additional 14,200 shares during the last quarter. Continuum Advisory LLC lifted its position in shares of Archrock by 5,621.6% in the third quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock worth $43,000 after buying an additional 2,080 shares in the last quarter. Montag A & Associates Inc. bought a new position in Archrock during the fourth quarter valued at approximately $55,000. Finally, Millburn Ridgefield Corp purchased a new position in Archrock during the 3rd quarter valued at approximately $50,000. Institutional investors own 95.45% of the company’s stock.

Archrock Company Profile

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.