RBC Capital Keeps Their Buy Rating on Archrock (AROC)

In a report released yesterday, Elvira Scotto from RBC Capital maintained a Buy rating on Archrock (AROC – Research Report), with a price target of $21.00. The company’s shares closed yesterday at $19.50.

According to TipRanks, Scotto is a top 100 analyst with an average return of 18.0% and a 64.42% success rate. Scotto covers the Energy sector, focusing on stocks such as Archrock, Cheniere Energy, and Cheniere Energy Partners.

Currently, the analyst consensus on Archrock is a Moderate Buy with an average price target of $19.50.

Based on Archrock’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $259.59 million and a net profit of $32.54 million. In comparison, last year the company earned a revenue of $218.87 million and had a net profit of $10.46 million

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Archrock (AROC) Company Description:

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. The Contract Operations segment is comprised of equity investment in the partnership, in addition to the owned fleet of natural gas compression equipment that the company use to provide operations services. The Aftermarket Services segment sell parts and components, provides operations, maintenance, overhaul, and reconfiguration services to customers. The company was founded on February 2, 2007 and is headquartered in Houston, TX.