Archrock Inc (AROC) was Downgraded by Scotia Howard Weil to ” Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 10 from a previous price target of $9 . Earlier the firm had a rating of “Sector Outperform ” on the company shares. Scotia Howard Weil advised their investors in a research report released on Jun 22, 2016.
Many Wall Street Analysts have commented on Archrock Inc. Archrock Inc was Upgraded by Scotia Howard Weil to ” Sector Outperform” on Mar 28, 2016.
On the company’s financial health, Archrock Inc reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $-0.18. The company had revenue of $241.30 million for the quarter, compared to analysts expectations of $240.00 million. The company’s revenue was down -8.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.31 EPS.
Archrock Inc. formerly Exterran Holdings Inc. is engaged in providing natural gas contract compression services to customers in the oil and natural gas industry throughout the United States. The Company also provides aftermarket services to customers that own compression equipment in the United States. It focuses on Natural Gas Contract Compression Service and Aftermarket Parts and Service. Its Compression Services offers inventory of compressor packages ready for deployment and comprehensive fleet with the technology from an aggressive and continuous new build program among others. Its services include Compression Services Aftermarket Services and Used Equipment. Its Aftermarket Services maintains ready inventories of critical engine compression and gas compressor package parts located throughout the United States. Its used equipment include AJAX Arrow/Ariel Caterpillar/Ariel Caterpillar/GE Gemini Rotary Screw and Waukesha.