RBC Capital analyst T J Schultz reiterated a Buy rating on Archrock (NYSE: AROC) today and set a price target of $16. The company’s shares closed yesterday at $13.55, close to its 52-week high of $13.75.
According to TipRanks.com, Schultz is a top 100 analyst with an average return of 21.1% and a 70.9% success rate. Schultz covers the Basic Materials sector, focusing on stocks such as Enterprise Products Partners LP, Enbridge Energy Management, and CNX Midstream Partners LP.
Currently, the analyst consensus on Archrock is a Strong Buy with an average price target of $14.92.
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The company has a one-year high of $13.75 and a one-year low of $8.25. Currently, Archrock has an average volume of 1.57M.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2018, Robert Edward Rice, the SVP of AROC sold 67,554 shares for a total of $790,594.
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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.
