Archrock Inc (AROC) : Contrarian Capital Management L.l.c. scooped up 171,275 additional shares in Archrock Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 328,871 shares of Archrock Inc which is valued at $3,689,933.Archrock Inc makes up approximately 2.42% of Contrarian Capital Management L.l.c.’s portfolio.
Other Hedge Funds, Including , Pacad Investment Ltd. reduced its stake in AROC by selling 20,600 shares or 63.0% in the most recent quarter. The Hedge Fund company now holds 12,100 shares of AROC which is valued at $135,762. Archrock Inc makes up approx 0.02% of Pacad Investment Ltd.’s portfolio. First Trust Advisors Lp sold out all of its stake in AROC during the most recent quarter. The investment firm sold 215,589 shares of AROC which is valued $2,259,373. Parametrica Management Ltd sold out all of its stake in AROC during the most recent quarter. The investment firm sold 25,699 shares of AROC which is valued $242,599.
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.
Many Wall Street Analysts have commented on Archrock Inc. Archrock Inc was Initiated by Piper Jaffray to “Neutral” on Aug 22, 2016. Archrock Inc was Upgraded by Johnson Rice to ” Accumulate” on Aug 5, 2016. Company shares were Upgraded by RBC Capital Mkts on Aug 5, 2016 to ” Sector Perform”, Firm has raised the Price Target to $ 10 from a previous price target of $4 .
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.