Date | Price Target | Rating | Analyst |
---|---|---|---|
9/27/2024 | $24.00 | Buy | Citigroup |
9/25/2024 | $24.00 | Outperform | Evercore ISI |
9/6/2024 | $24.00 | Overweight | JP Morgan |
12/9/2022 | $10.00 | Outperform | Raymond James |
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. "We are excited to welcome the TOPS employees to Archrock and work together to expand our exceptional service to new and existing customers and create significant shareholder value. Gi
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 the satisfaction of other customary closing conditions. About Archrock Archrock is an energy infrastructure company with a primary focus on midstream natural gas compression and a comm
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 Notes. Archrock intends to use the net proceeds from the offering of the Notes to fund a portion of the cash consideration for the previously announced acquisition of 100% of the issued an
4 - Archrock, Inc. (0001389050) (Issuer)
4 - Archrock, Inc. (0001389050) (Issuer)
4 - Archrock, Inc. (0001389050) (Issuer)
8-K - Archrock, Inc. (0001389050) (Filer)
8-K - Archrock, Inc. (0001389050) (Filer)
8-K - Archrock, Inc. (0001389050) (Filer)
Citigroup initiated coverage of Archrock with a rating of Buy and set a new price target of $24.00
Evercore ISI initiated coverage of Archrock with a rating of Outperform and set a new price target of $24.00
JP Morgan initiated coverage of Archrock with a rating of Overweight and set a new price target of $24.00
SC 13G/A - Archrock, Inc. (0001389050) (Subject)
SC 13G/A - Archrock, Inc. (0001389050) (Subject)
SC 13G/A - Archrock, Inc. (0001389050) (Subject)
Stifel analyst Selman Akyol maintains Archrock (NYSE:AROC) with a Buy and raises the price target from $23 to $25.
Shares of Comcast Corporation (NASDAQ:CMCSA) fell sharply during Tuesday's session after the company reported worse-than-expected second-quarter sales results. Comcast reported second-quarter revenue decline of 2.7% year-over-year to $29.69 billion, missing the analyst consensus estimate of $30.02 billion.The company reported adjusted EPS of $1.21, beating analyst consensus estimates of $1.12, according to data from Benzinga Pro. Comcast shares declined 6.1% to $37.12 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Azitra, Inc. (NYSE:AZTR) shares jumped 529% to $10.19 after the company announced that the U.S. Patent and Trademark Office grant
Archrock Inc (NYSE:AROC) shares are trading lower by 5.4% to $22.09 during Tuesday’s session after the company priced an 11 million share offering at $21 per share. The offering is expected to raise approximately $223 million after expenses. The offering is set to close on July 24, pending customary conditions, with an option for underwriters to buy an additional 1.65 million shares. Archrock plans to use the proceeds to help finance the acquisition of Total Operations and Production Services, LLC (TOPS) and for general corporate purposes if the acquisition does not proceed. Read Also: Veteran Wall Street Investor Downplays Recession Odds: ‘Current Bull Market Has More Support From
HOUSTON, July 30, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") today reported results for the second quarter 2024. Second Quarter 2024 and Recent Highlights Revenue for the second quarter of 2024 was $270.5 million compared to $247.5 million in the second quarter of 2023.Net income for the second quarter of 2024 was $34.4 million compared to $24.7 million in the second quarter of 2023.Adjusted EBITDA (a non-GAAP measure defined below) for the second quarter of 2024 was $129.7 million compared to $112.8 million in the second quarter of 2023.Leverage ratio at the end of the second quarter of 2024 was 3.2x compared to 4.2x at the end of the second quarter of 2023.Declare
HOUSTON, July 25, 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 second quarter 2024 dividend will be paid on August 13, 2024 to all stockholders of record on August 6, 2024. The second quarter 2024 dividend per share amount is consistent with Archrock's first quarter 2024 dividend and represents a year-over-year increase of 6 percent. "Archrock continues to prioritize returning capital to our shareholders through a well-covered dividend," said Brad Childers, Archrock's President and Chief Exec
HOUSTON, July 24, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") will host a conference call on Wednesday, July 31, 2024, to discuss its second quarter 2024 financial and operating results. The call will begin at 10:00 a.m. Eastern Time. Archrock will release its second 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 United States and Canada, or 1 (646) 307-1963 for international calls. The access code is 4749623. A replay of the webcast will be available for 90 days on Archrock's website shortly af