The stock of Archrock Inc (NYSE:AROC) last traded at $21.68, down -1.63% from the previous session.
AROC stock price is now 7.08% away from the 50-day moving average and 24.74% away from the 200-day moving average. The market capitalization of the company currently stands at $3.39B.
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With the price target of $10, Raymond James recently initiated with Outperform rating for Archrock Inc (NYSE: AROC). , while ‘Stifel’ rates the stock as ‘Buy’
In other news, Henderson Donna A, VP, CHIEF ACCOUNTING OFFICER sold 10,802 shares of the company’s stock on Aug 23 ’23. The stock was sold for $137,942 at an average price of $12.77. Upon completion of the transaction, the VP, CHIEF ACCOUNTING OFFICER now directly owns 39,237 shares in the company, valued at $0.85 million. A total of 14.38% of the company’s stock is owned by insiders.
During the past 12 months, Archrock Inc has had a low of $10.75 and a high of $23.44. As of last week, the company has a debt-to-equity ratio of 1.79, a current ratio of 1.26, and a quick ratio of 0.74. The fifty day moving average price for AROC is $20.2756 and a two-hundred day moving average price translates $17.4276 for the stock.
The latest earnings results from Archrock Inc (NYSE: AROC) was released for 2024-03-31. The net profit margin was 12.35% and return on equity was 14.64% for AROC. The company reported revenue of $268.49 million for the quarter, compared to $229.83 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.82 percent.
