Worth Watching: What’s Propelling Archrock Inc to Reach 52-Week High?

Worth Watching: What's Propelling Archrock Inc to Reach 52 Week High?

The stock of Archrock Inc (NYSE:AROC) hit a new 52-week high and has $14.36 target or 6.00% above today’s $13.55 share price. The 8 months bullish chart indicates low risk for the $971.39M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $14.36 price target is reached, the company will be worth $58.28M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 141,484 shares traded hands. Archrock Inc (NYSE:AROC) has risen 51.42% since April 22, 2016 and is uptrending. It has outperformed by 46.01% the S&P500.

Archrock Inc (NYSE:AROC) Ratings Coverage

Out of 8 analysts covering Archrock (NYSE:AROC), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. Archrock has been the topic of 9 analyst reports since March 28, 2016 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by Howard Weil on Monday, March 28. RF Lafferty initiated the stock with “Buy” rating in Tuesday, April 5 report. The company was initiated on Monday, August 22 by Piper Jaffray. The rating was initiated by PiperJaffray with “Neutral” on Monday, August 22. The stock of Archrock Inc (NYSE:AROC) earned “Mkt Perform” rating by FBR Capital on Friday, July 15. Piperjaffray initiated the shares of AROC in a report on Monday, August 22 with “Neutral” rating. The company was downgraded on Tuesday, May 3 by RBC Capital Markets. Johnson Rice upgraded Archrock Inc (NYSE:AROC) on Friday, August 5 to “Accumulate” rating. The stock of Archrock Inc (NYSE:AROC) has “Sector Perform” rating given on Friday, August 5 by RBC Capital Markets.

According to Zacks Investment Research, “Archrock, Inc. is a provider of natural gas contract compression services as well as supplier of aftermarket services of compression equipment. The company operates in the oil and gas producing regions primarily in the United States. Archrock, Inc., formerly known as Exterran Holdings, Inc., is based in Houston, United States.”

More recent Archrock Inc (NYSE:AROC) news were published by: Streetinsider.com which released: “Form 4 Archrock, Inc. For: Nov 22 Filed by: CARLSON CAPITAL LP” on November 25, 2016. Also Businesswire.com published the news titled: “Archrock, Inc. Completes Spin-Off of Exterran Corporation” on November 04, 2015. Businesswire.com‘s news article titled: “Archrock, Inc. and Archrock Partners Third-Quarter 2016 Conference Call” with publication date: October 25, 2016 was also an interesting one.

AROC Company Profile

Archrock, Inc., formerly Exterran Holdings, Inc., incorporated on February 2, 2007, is a natural gas contract activities services company. The Firm also provides natural gas compression services to clients in the oil and natural gas industry throughout the United States and supplies aftermarket services to clients that own compression equipment in the United States. The Company’s divisions include contract activities and aftermarket services. The contract activities segment primarily provides natural gas compression services to meet specific customer requirements. The aftermarket services segment provides a range of services to support the compression needs of customers, from parts sales and normal maintenance services to full operation of a customer’s owned assets.

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