Short Interest Worth Mentioning: Could Archrock Incorporated (NYSE:AROC) Go Up After Its Newest Short Interest Report?

November 24, 2016 - By Marie Mckinney   ·   0 Comments

Short Interest Worth Mentioning: Could Archrock Incorporated (NYSE:AROC) Go Up After Its Newest Short Interest Report?

The stock of Archrock Incorporated (NYSE:AROC) registered an increase of 18.91% in short interest. AROC’s total short interest was 827,500 shares in November as published by FINRA. Its up 18.91% from 695,900 shares, reported previously. With 328,900 shares average volume, it will take short sellers 3 days to cover their AROC’s short positions. The short interest to Archrock Incorporated’s float is 1.43%. The stock increased 2.96% or $0.4 on November 23, hitting $13.9. About 431,636 shares traded hands or 2.73% up from the average. Archrock Inc (NYSE:AROC) has risen 51.42% since April 22, 2016 and is uptrending. It has outperformed by 46.01% the S&P500.

Archrock, Inc., formerly Exterran Holdings, Inc., is a natural gas contract activities services company. The company has a market cap of $953.68 million. The Firm also provides natural gas compression services to clients in the oil and natural gas industry throughout the United States and supplies aftermarket services to clients that own compression equipment in the United States. It currently has negative earnings. The Company’s divisions include contract activities and aftermarket services.

Archrock Inc (NYSE:AROC) Ratings Coverage

Out of 8 analysts covering Archrock (NYSE:AROC), 2 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 25% are positive. Archrock has been the topic of 9 analyst reports since March 28, 2016 according to StockzIntelligence Inc. On Monday, August 22 the stock rating was initiated by PiperJaffray with “Neutral”. The firm earned “Underperform” rating on Tuesday, May 3 by RBC Capital Markets. RBC Capital Markets upgraded Archrock Inc (NYSE:AROC) rating on Friday, August 5. RBC Capital Markets has “Sector Perform” rating and $10 price target. The stock of Archrock Inc (NYSE:AROC) has “Buy” rating given on Tuesday, April 5 by RF Lafferty. The stock of Archrock Inc (NYSE:AROC) earned “Accumulate” rating by Johnson Rice on Friday, August 5. Piperjaffray initiated the stock with “Neutral” rating in Monday, August 22 report. The stock has “Sector Perform” rating given by Howard Weil on Monday, March 28. The firm has “Neutral” rating by Piper Jaffray given on Monday, August 22. FBR Capital initiated Archrock Inc (NYSE:AROC) rating on Friday, July 15. FBR Capital has “Mkt Perform” rating and $11 price target.

AROC Company Profile

Archrock, Inc., formerly Exterran Holdings, Inc., incorporated on February 2, 2007, is a natural gas contract activities services company. The Firm also provides natural gas compression services to clients in the oil and natural gas industry throughout the United States and supplies aftermarket services to clients that own compression equipment in the United States. The Company’s divisions include contract activities and aftermarket services. The contract activities segment primarily provides natural gas compression services to meet specific customer requirements. The aftermarket services segment provides a range of services to support the compression needs of customers, from parts sales and normal maintenance services to full operation of a customer’s owned assets.

More news for Archrock Inc (NYSE:AROC) were recently published by: Businesswire.com, which released: “Archrock, Inc. Completes Spin-Off of Exterran Corporation” on November 04, 2015. Marketwatch.com‘s article titled: “Archrock upgraded to sector perform from underperform at RBC Capital” and published on November 04, 2015 is yet another important article.

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By Marie Mckinney


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