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Archrock (AROC) Gets a Buy Rating from B.Riley FBR


B.Riley FBR analyst Tom Curran reiterated a Buy rating on Archrock (NYSE: AROC) on October 5 and set a price target of $16. The company’s shares closed on Friday at $12.45.

According to TipRanks.com, Curran has currently no stars on a ranking scale of 0-5 stars, with an average return of -3.3% and a 47.6% success rate. Curran covers the Basic Materials sector, focusing on stocks such as Independence Contract Drilling, Select Energy Services Inc, and Baker Hughes a GE company.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Archrock with a $15.58 average price target.

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Based on Archrock’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $1.78 million. In comparison, last year the company had a GAAP net loss of $10.41 million.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AROC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Archrock, Inc. engages in the provision of operations, maintenance, service, and equipment for oil and natural gas production, processing, and transportation applications. It operates through the Contract Operations and Aftermarket Services segments.