Press coverage about Archrock (NYSE:AROC) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Archrock earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news coverage about the energy company an impact score of 47.1639545523701 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Archrock, Inc. (NYSE:AROC) Closed Much Lower Than Its 50 Day Moving Average (highlightpress.com)
- Archrock, Inc. – Value Analysis (NYSE:AROC) : August 15, 2017 (finance.yahoo.com)
- Archrock, Inc. (NYSE:AROC) Downgraded by BidaskClub to Sell (americanbankingnews.com)
- Archrock, Inc. (AROC) Downgraded by ValuEngine (americanbankingnews.com)
Shares of Archrock (AROC) traded down 1.63% on Friday, hitting $9.05. The stock had a trading volume of 358,574 shares. The company has a 50-day moving average of $10.70 and a 200-day moving average of $11.97. Archrock has a 52-week low of $8.90 and a 52-week high of $16.40. The company’s market cap is $642.00 million.
Archrock (NYSE:AROC) last announced its quarterly earnings results on Tuesday, August 1st. The energy company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.08. The firm had revenue of $198 million during the quarter, compared to analyst estimates of $196 million. Archrock had a negative return on equity of 3.44% and a negative net margin of 8.57%. The company’s revenue was up 4.2% compared to the same quarter last year. On average, equities analysts anticipate that Archrock will post ($0.20) EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Investors of record on Tuesday, August 8th were issued a $0.12 dividend. The ex-dividend date was Friday, August 4th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.30%.
AROC has been the topic of several recent research reports. Capital One Financial Corporation lowered Archrock from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 23rd. Royal Bank Of Canada reiterated a “hold” rating and set a $15.00 price objective on shares of Archrock in a research report on Friday, April 21st. Zacks Investment Research lowered Archrock from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Scotiabank set a $15.00 price objective on Archrock and gave the company a “hold” rating in a research report on Tuesday, June 20th. Finally, FBR & Co reiterated a “market perform” rating and set a $12.00 price objective (up from $11.00) on shares of Archrock in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The stock presently has an average rating of “Hold” and an average price target of $13.29.
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Archrock, 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.
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