Lebenthal Global Advisors LLC Invests $336,000 in Archrock, Inc. (NYSE:AROC)

Lebenthal Global Advisors LLC bought a new position in shares of Archrock, Inc. (NYSE:AROC) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 13,497 shares of the energy company’s stock, valued at approximately $336,000.

A number of other institutional investors have also modified their holdings of the business. Brown Brothers Harriman & Co. purchased a new stake in shares of Archrock in the 3rd quarter valued at approximately $28,000. Wolff Wiese Magana LLC acquired a new position in shares of Archrock during the 3rd quarter valued at about $30,000. Continuum Advisory LLC boosted its stake in Archrock by 5,621.6% during the 3rd quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock valued at $43,000 after purchasing an additional 2,080 shares during the period. Millburn Ridgefield Corp acquired a new stake in Archrock in the 3rd quarter worth $50,000. Finally, Quarry LP acquired a new position in shares of Archrock in the second quarter valued at $52,000. Institutional investors own 95.45% of the company’s stock.

Archrock Trading Down 9.6 %

Shares of AROC stock opened at $26.86 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. Archrock, Inc. has a twelve month low of $15.65 and a twelve month high of $30.44. The stock’s fifty day simple moving average is $26.07 and its 200 day simple moving average is $22.55. The firm has a market capitalization of $4.70 billion, a P/E ratio of 29.52, a P/E/G ratio of 1.81 and a beta of 1.58.

Archrock (NYSE:AROC) last posted its quarterly earnings data on Monday, November 11th. The energy company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Archrock had a net margin of 13.34% and a return on equity of 16.24%. The company had revenue of $292.16 million for the quarter, compared to analyst estimates of $286.19 million. During the same period in the prior year, the firm posted $0.20 EPS. The company’s quarterly revenue was up 15.3% on a year-over-year basis. As a group, sell-side analysts predict that Archrock, Inc. will post 1.12 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on AROC shares. Royal Bank of Canada lifted their price objective on Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. Mizuho initiated coverage on Archrock in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $24.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their target price on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.17.

About Archrock

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.