Robertson Opportunity Capital buys $4,869,110 stake in Archrock Inc (AROC)

Archrock Inc (AROC) : Robertson Opportunity Capital scooped up 427,717 additional shares in Archrock Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 433,967 shares of Archrock Inc which is valued at $4,869,110.Archrock Inc makes up approximately 3.93% of Robertson Opportunity Capital’s portfolio.

Other Hedge Funds, Including , California Public Employees Retirement System boosted its stake in AROC in the latest quarter, The investment management firm added 30,600 additional shares and now holds a total of 345,282 shares of Archrock Inc which is valued at $3,104,085.Lucus Advisors reduced its stake in AROC by selling 33,653 shares or 47.72% in the most recent quarter. The Hedge Fund company now holds 36,865 shares of AROC which is valued at $333,628. Archrock Inc makes up approx 0.26% of Lucus Advisors’s portfolio. American Century Companies Inc added AROC to its portfolio by purchasing 192,689 company shares during the most recent quarter which is valued at $1,743,835.

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.

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