JP Morgan initiated coverage on Archrock with a new price target
$AROC
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JP Morgan initiated coverage of Archrock with a rating of Overweight and set a new price target of $24.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/2/2024 | $24.00 | Outperform | Mizuho |
| 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 |
4 - Archrock, Inc. (0001389050) (Issuer)
4 - Archrock, Inc. (0001389050) (Issuer)
4 - Archrock, Inc. (0001389050) (Issuer)
HOUSTON, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") today reported results for the third quarter 2024. Third Quarter 2024 Highlights Revenue for the third quarter of 2024 was $292.2 million compared to $253.4 million in the third quarter of 2023.Net income for the third quarter of 2024 was $37.5 million and earnings per share ("EPS") was $0.22, compared to $30.9 million and $0.20, respectively, in the third quarter of 2023.Adjusted net income (a non-GAAP measure defined below) for the third quarter of 2024 was $47.3 million and adjusted EPS (a non-GAAP measure defined below) was $0.28, compared to $30.9 million and $0.20, respectively, in the third quarter
HOUSTON, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock" or the "Company") today announced the publication of its 2023 Sustainability Report, providing an update on the Company's sustainability initiatives and performance. The report is based on 2023 data and also includes certain achievements made year-to-date in 2024, underscoring the Company's culture of continuous improvement. 2023 Sustainability Report Highlights Exceeded safety targets for Total Recordable Incident Rate and Preventable Vehicle Incident Rate, and delivered a zero Lost Time Incident Rate for the third consecutive year.Awarded the Gas Processors Suppliers Association (GPSA) Excellence in Safe
HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") will host a conference call on Tuesday, November 12, 2024, to discuss its third quarter 2024 financial and operating results. The call will begin at 9:00 a.m. Eastern Time. Archrock will release its third 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 after
SC 13G/A - Archrock, Inc. (0001389050) (Subject)
SC 13G/A - Archrock, Inc. (0001389050) (Subject)
SC 13G/A - Archrock, Inc. (0001389050) (Subject)
HOUSTON, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") today reported results for the third quarter 2024. Third Quarter 2024 Highlights Revenue for the third quarter of 2024 was $292.2 million compared to $253.4 million in the third quarter of 2023.Net income for the third quarter of 2024 was $37.5 million and earnings per share ("EPS") was $0.22, compared to $30.9 million and $0.20, respectively, in the third quarter of 2023.Adjusted net income (a non-GAAP measure defined below) for the third quarter of 2024 was $47.3 million and adjusted EPS (a non-GAAP measure defined below) was $0.28, compared to $30.9 million and $0.20, respectively, in the third quarter
HOUSTON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock") will host a conference call on Tuesday, November 12, 2024, to discuss its third quarter 2024 financial and operating results. The call will begin at 9:00 a.m. Eastern Time. Archrock will release its third 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 after
HOUSTON, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSE:AROC) ("Archrock" or the "Company") today announced that its Board of Directors has declared an increased quarterly dividend of $0.175 per share of common stock, or $0.70 per share on an annualized basis. The third quarter 2024 dividend will be paid on November 13, 2024 to all stockholders of record on November 6, 2024. The third quarter 2024 dividend per share amount represents an increase of 6 percent over the Archrock second quarter 2024 dividend level and an increase of 13 percent over the Archrock third quarter 2023 dividend level. "We are implementing the second increase in Archrock's quarterly cash dividend for 2024 a
Mizuho initiated coverage of Archrock with a rating of Outperform and set a new price target of $24.00
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
Stifel analyst Selman Akyol maintains Archrock (NYSE:AROC) with a Buy and raises the price target from $23 to $25.
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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
8-K/A - Archrock, Inc. (0001389050) (Filer)
10-Q - Archrock, Inc. (0001389050) (Filer)
8-K - Archrock, Inc. (0001389050) (Filer)