Archrock(AROC)
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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) ...
Archrock Inc. (AROC) Surpasses Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-04-30 22:46
Archrock Inc. (AROC) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.18%. A quarter ago, it was expected that this natural gas compression services business would post earnings of $0.21 per share when it actually produced earnings of $0.21, delivering no surprise.Over the last four ...
Archrock Announces Quarterly Cash Dividend and Extends Share Repurchase Authorization
Newsfilter· 2024-04-26 10:30
HOUSTON, April 26, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock" or the "Company") today announced that its Board of Directors has declared a quarterly dividend of $0.165 per share of common stock, or $0.66 per share on an annualized basis. The first quarter 2024 dividend will be paid on May 14, 2024 to all stockholders of record on May 7, 2024. The first quarter 2024 dividend per share amount is consistent with Archrock's fourth quarter 2023 dividend and represents a year-over-year increa ...
Archrock's (AROC) Q1 Earnings Preview: Things to Consider
Zacks Investment Research· 2024-04-24 14:32
Archrock, Inc. (AROC) is set to release first-quarter 2024 results on Apr 30. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 22 cents per share on revenues of $260.5 million.Let’s delve into the factors that might have influenced the Houston, TX-based energy company’s results in the March quarter. But it’s worth taking a look at AROC’s previous-quarter performance first.Highlights of Q4 Earnings & Surprise HistoryIn the last reported quarter, the provider of natural gas-c ...
Here is What to Know Beyond Why Archrock, Inc. (AROC) is a Trending Stock
Zacks Investment Research· 2024-04-23 14:06
Archrock Inc. (AROC) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this natural gas compression services business have returned +0.5% over the past month versus the Zacks S&P 500 composite's -4.2% change. The Zacks Oil and Gas - Field Services industry, to which Archrock Inc. belongs, has lost 3.5% over this period. Now the key question is: Where could the stock be h ...
Archrock Announces Timing for First Quarter 2024 Results
GlobeNewsWire· 2024-04-22 20:14
HOUSTON, April 22, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) (“Archrock”) will host a conference call on Wednesday, May 1, 2024, to discuss its first quarter 2024 financial and operating results. The call will begin at 12:00 p.m. Eastern Time. Archrock will release its first quarter 2024 earnings report prior to the conference call. To listen to the call via a live webcast, please visit Archrock’s website at www.archrock.com. The call will also be available by dialing 1 (800) 715-9871 in the Unite ...