Citigroup Increases Archrock (NYSE:AROC) Price Target to $33.00

Archrock (NYSE:AROC) had its price target lifted by equities researchers at Citigroup from $32.00 to $33.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the energy company’s stock. Citigroup’s target price would suggest a potential upside of 27.93% from the company’s previous close.

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

Archrock Stock Performance

NYSE AROC traded up $0.11 on Tuesday, hitting $25.80. 99,811 shares of the company traded hands, compared to its average volume of 1,371,184. The business’s 50 day moving average price is $27.17 and its 200-day moving average price is $24.15. Archrock has a 52-week low of $17.27 and a 52-week high of $30.44. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 28.35, a P/E/G ratio of 1.60 and a beta of 1.56. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73.

Institutional Investors Weigh In On Archrock

A number of hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Archrock by 136.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 40,753 shares of the energy company’s stock worth $1,014,000 after buying an additional 23,486 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Archrock in the fourth quarter worth about $126,000. HWG Holdings LP purchased a new stake in shares of Archrock in the fourth quarter worth about $5,003,000. Mackenzie Financial Corp lifted its position in shares of Archrock by 112.6% in the fourth quarter. Mackenzie Financial Corp now owns 91,250 shares of the energy company’s stock worth $2,271,000 after buying an additional 48,324 shares in the last quarter. Finally, GTS Securities LLC purchased a new stake in shares of Archrock in the fourth quarter worth about $288,000. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

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.