JP Morgan initiated coverage on Archrock with a new price target
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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, 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
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, 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
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
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
SC 13G/A - Archrock, Inc. (0001389050) (Subject)
SC 13G/A - Archrock, Inc. (0001389050) (Subject)
SC 13G/A - Archrock, Inc. (0001389050) (Subject)
8-K - Archrock, Inc. (0001389050) (Filer)
8-K - Archrock, Inc. (0001389050) (Filer)
8-K - Archrock, Inc. (0001389050) (Filer)
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