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Archrock Inc. (AROC) Rises But Trails Market: What Investors Should Know
ZACKS· 2024-06-12 22:55
Archrock Inc. (AROC) closed at $19.27 in the latest trading session, marking a +0.21% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.85%. Elsewhere, the Dow saw a downswing of 0.09%, while the tech-heavy Nasdaq appreciated by 1.53%.Heading into today, shares of the natural gas compression services business had lost 3.99% over the past month, outpacing the Oils-Energy sector's loss of 4.55% and lagging the S&P 500's gain of 3.11% in that time.The investment communit ...
Here's Why Archrock Inc. (AROC) Fell More Than Broader Market
ZACKS· 2024-06-06 22:50
Archrock Inc. (AROC) closed the most recent trading day at $18.87, moving -1.46% from the previous trading session. This change lagged the S&P 500's 0.02% loss on the day. Meanwhile, the Dow experienced a rise of 0.2%, and the technology-dominated Nasdaq saw a decrease of 0.09%.The the stock of natural gas compression services business has fallen by 5.01% in the past month, lagging the Oils-Energy sector's loss of 2.35% and the S&P 500's gain of 4.59%.Market participants will be closely following the financ ...
Archrock, Inc. (AROC) is Attracting Investor Attention: Here is What You Should Know
ZACKS· 2024-06-05 14:01
Archrock Inc. (AROC) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this natural gas compression services business have returned -7.1%, compared to the Zacks S&P 500 composite's +3.4% change. During this period, the Zacks Oil and Gas - Field Services industry, which Archrock Inc. falls in, has lost 6%. The key question now is: What c ...
Wall Street Bulls Look Optimistic About Archrock Inc. (AROC): Should You Buy?
zacks.com· 2024-05-23 14:31
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Archrock Inc. (AROC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Archrock Inc. currently has an averag ...
Archrock Will Be An Industry Leader In Natural Gas Compression
Seeking Alpha· 2024-05-09 19:41
esemelweThesis The US natural gas industry has been in growth mode for over a decade. Accommodating this growth requires extensive infrastructure and capital investment. The most discussed infrastructure topics for natural gas are pipelines or export terminals. What does not get discussed, is the compression equipment market that supplies the equipment necessary to send the molecules down the pipe. This is a niche market with only three significant suppliers, all of which are nearly maxed out in terms o ...
Is It Worth Investing in Archrock Inc. (AROC) Based on Wall Street's Bullish Views?
Zacks Investment Research· 2024-05-07 14:37
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Let's take a look at what these Wall Street heavyweights have to say about Archrock Inc. (AROC) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Archrock Inc. currently has ...
Archrock, Inc. (AROC) Is a Trending Stock: Facts to Know Before Betting on It
Zacks Investment Research· 2024-05-06 14:01
Archrock Inc. (AROC) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this natural gas compression services business have returned -4.1% over the past month versus the Zacks S&P 500 composite's -1.6% change. The Zacks Oil and Gas - Field Services industry, to which Archrock Inc. belongs, has lost 9.3% over this period. Now the key question is: Where could ...
Archrock(AROC) - 2024 Q1 - Earnings Call Transcript
2024-05-01 22:07
Archrock, Inc. (NYSE:AROC) Q1 2024 Earnings Conference Call May 1, 2024 12:00 PM ET Company Participants Megan Repine - VP of IR Bradley Childers - President and CEO Douglas Aron - CFO Conference Call Participants James Rollyson - Raymond James Selman Akyol - Stifel Josh Jayne - Daniel Energy Partners Steve Ferazani - Sidoti Operator Good morning. Welcome to the Archrock First Quarter 2024 Conference Call. Your host for today's call is Megan Repine, Vice President of Investor Relations at Archrock. I will n ...
Archrock(AROC) - 2024 Q1 - Quarterly Report
2024-05-01 19:50
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-33666 Archrock, Inc. (Exact name of registrant as specified in its charter) Delaware 74-3204509 (State or other j ...
Archrock(AROC) - 2024 Q1 - Quarterly Results
2024-04-30 23:28
Archrock Reports First Quarter 2024 Results HOUSTON, April 30, 2024 - Archrock, Inc. (NYSE: AROC) ("Archrock"," the "Company," "we," "us," "our") today reported results for the first quarter 2024. First Quarter 2024 Highlights ● Revenue for the first quarter of 2024 was $268.5 million compared to $229.8 million in the first quarter of 2023. ● Net income for the first quarter of 2024 was $40.5 million compared to $16.5 million in the first quarter of 2023. ● Adjusted EBITDA (a non-GAAP measure defined below) ...