With the explosion of AI technology and the tremendous energy it demands, business leaders have been frantically searching for new ways to power this technological super-trend. Just for context, if the rate of adoption for AI continues at its current pace, data center energy demand will grow from 3-4% of total power demand to 11-12% by 2030, according to McKinsey. That is a massive increase and if the US is going to keep up, we need to find a solution fast.In a surprising turn of sentiment, business leaders ...

Equinor ASA (EQNR) , a Norwegian state-owned energy company, has acquired 41.2 million shares in Orsted A/S, representing a 9.8% stake in the company. This acquisition makes Equinor the second-largest shareholder in Orsted, behind the Danish State, which holds a controlling interest in the company. The transaction underscores Equinor's commitment to broadening its renewable energy portfolio with a focus on offshore wind.Equinor’s Long-Term Vision for OrstedEquinor's CEO Anders Opedal emphasized that the com ...

Group 1 - Archrock Inc. has a strong history of beating earnings estimates, particularly in the last two quarters with an average surprise of 11.17% [1] - For the last reported quarter, Archrock Inc. achieved earnings of $0.25 per share, exceeding the Zacks Consensus Estimate of $0.24 per share by 4.17% [1] - The previous quarter also saw Archrock Inc. outperform expectations, posting earnings of $0.26 per share against an estimate of $0.22 per share, resulting in an 18.18% surprise [1] Group 2 - Recent changes in earnings estimates for Archrock Inc. have been favorable, with a positive Zacks Earnings ESP indicating potential for another earnings beat [2] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [2] Group 3 - Archrock Inc. currently has an Earnings ESP of +1.79%, suggesting analysts have recently become more optimistic about the company's earnings prospects [3] - The combination of a positive Earnings ESP and a Zacks Rank of 1 (Strong Buy) indicates a high likelihood of another earnings beat [3] Group 4 - It is important to check a company's Earnings ESP ahead of its quarterly release to improve the chances of success in predicting earnings outcomes [4]

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 ...

The most recent trading session ended with Archrock Inc. (AROC) standing at $20.39, reflecting a +1.14% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily loss of 0.13%. Meanwhile, the Dow experienced a rise of 0.33%, and the technology-dominated Nasdaq saw a decrease of 0.39%.Heading into today, shares of the natural gas compression services business had gained 0.8% over the past month, outpacing the Oils-Energy sector's loss of 4.69% and lagging the S&P 500's gain of 2. ...

In the latest market close, Archrock Inc. (AROC) reached $20.90, with a +0.1% movement compared to the previous day. The stock outpaced the S&P 500's daily loss of 0.19%. Elsewhere, the Dow saw an upswing of 0.09%, while the tech-heavy Nasdaq depreciated by 0.36%.Coming into today, shares of the natural gas compression services business had gained 8.3% in the past month. In that same time, the Oils-Energy sector lost 1.95%, while the S&P 500 gained 2.06%.The investment community will be paying close attenti ...

In the latest market close, Archrock Inc. (AROC) reached $19.15, with a +1.38% movement compared to the previous day. The stock's change was more than the S&P 500's daily gain of 0.75%. At the same time, the Dow added 0.58%, and the tech-heavy Nasdaq gained 1%.Shares of the natural gas compression services business witnessed a gain of 0.16% over the previous month, beating the performance of the Oils-Energy sector with its loss of 4.12% and underperforming the S&P 500's gain of 4.03%.The investment communit ...

HOUSTON, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock” or the “Company”) today announced that it has completed its previously announced acquisition of Total Operations and Production Services, LLC (“TOPS”). “With this accretive transaction, we are adding a young fleet that deepens Archrock’s compression operations in the Permian Basin and establishes our leadership position in electric motor drive compression,” said Brad Childers, President and Chief Executive Officer of Archrock ...

HOUSTON, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act"), in connection with its pending acquisition of Total Operations and Production Services, LLC. The expiration of the waiting period under the HSR Act satisfies an important condition necessary for the completion of the transaction. The transaction is expected to close in the third quarter of 2024 subject to t ...

HOUSTON, Aug. 26, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE: AROC) (“Archrock”) today announced the closing of the previously announced private offering by Archrock Partners, L.P. (“Archrock Partners”), a wholly-owned subsidiary of Archrock, of $700 million aggregate principal amount of 6.625% senior notes due 2032 (the “Notes”). Archrock Partners Finance Corp. (“Finance Corp.” and, together with Archrock Partners, the “Issuers”), a wholly-owned subsidiary of Archrock Partners, is the co-issuer of the N ...