Piper Jaffray analyst John Watson reiterated a Buy rating on Archrock (NYSE: AROC) today and set a price target of $14.75. The company’s shares closed yesterday at $13.10, close to its 52-week high of $13.75.
According to TipRanks.com, Watson is a 4-star analyst with an average return of 14.7% and a 53.8% success rate. Watson covers the Basic Materials sector, focusing on stocks such as Solaris Oilfield Infrastructure Inc, Tetra Technologies, and US Silica Holdings.
Archrock has an analyst consensus of Strong Buy, with a price target consensus of $15.58, implying a 18.9% upside from current levels. In a report issued on August 3, RBC Capital also reiterated a Buy rating on the stock with a $16 price target.
.
See today’s analyst top recommended stocks >>
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 1.58M.
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.
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.
