Economy

Archrock Partners, Raised to Buy By Research Firm Zacks

AROC has been the subject of a number of other research reports. Royal Bank Of Canada reiterated a buy recommendation and gave a $19.00 price objective on the stock of Archrock Partners, in a study report on early Wed, Sep 27th. Archrock Partners, L.P. has a one year low of $12.56 and a one year high of $18.55. Archrock General Partner, L.P., its general partner, is a subsidiary of Archrock and has responsibility for conducting its business and for managing its operations. The energy company reported ($0.11) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.05) by $0.06. "(AROC) Stock Rating Upgraded by Zacks Investment Research" was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. It provides contract operations services, including the personnel, equipment, tools, materials and supplies to meet its customers' natural gas compression needs. The value of the investment in (AROC) increased from $6,271,000 to $6,539,000 a change of 4.3% since the last quarter.

Many research analysts also quite recently weighed in on APLP. The energy business posted $0.12 Earnings per share for the period, exceeding Thomson Reuters' average forecast of $0.08 by $0.04. the business reported sales of $138.30 M for the period end, compared to analysts' anticipations of $137.10 M. Archrock Partners, had a positive ROE of 6.02% and a negative net profit margin of 2.49%. The company's revenue was down 1.3% compared to the same quarter past year. If you are accessing this piece of content on another publication, it was stolen and republished in violation of United States and worldwide copyright and trademark laws. Archrock's revenue was up 4.2% on a year-over-year basis. The original version of this story can be accessed at https://www.dispatchtribunal.com/2017/10/07/archrock-inc-aroc-stock-rating-upgraded-by-zacks-investment-research.html. Russell Investments Group Ltd. now owns 221,011 shares of the energy company's stock valued at $2,741,000 after purchasing an additional 38,200 shares during the period.

In other Archrock news, insider D Bradley Childers sold 18,488 shares of the firm's stock in a transaction on Tuesday, March 7th. The value of the investment in APLP went from $95,846,000 to $83,886,000 a change of 12.5% quarter over quarter. The shares were sold at an average price of $13.21, for a total value of $48,176.87. Vanguard Group Inc. grew its position in Archrock by 12.1% in the 1st quarter. BlackRock Inc. now owns 9,155,144 shares of the energy company's stock worth $113,523,000 after purchasing an additional 9,137,354 shares during the last quarter. Comerica Bank now owns 78,090 shares of the energy company's stock valued at $941,000 after purchasing an additional 3,897 shares during the period. Finally, State Street Corp grew its position in Archrock by 3.9% in the 1st quarter. JPMorgan Chase & Co. increased its stake in Archrock by 98.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 108,233 shares of the energy company's stock valued at $1,857,000 after purchasing an additional 840 shares during the period. State Board of Administration of Florida Retirement System now owns 79,063 shares of the energy company's stock valued at $980,000 after purchasing an additional 25,981 shares during the period.

Archrock, Inc is a natural gas contract operations services company.



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