Archrock Inc (NYSE: AROC). Extremely significant negative changes in investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.
Small negative changes in Archrock Inc (NYSE: AROC) fundamentals have recently occurred: the consensus estimate for December, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
AROC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Archrock has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Archrock has a poor Appreciation Score of 26 but a very high Power Rating of 87, producing the High Neutral Value Trend Rating.
Recent Price Action
On 8/5/24, Archrock Inc (NYSE: AROC) stock declined by -4.6%, closing at $17.83. Moreover, trading volume in this decline was above average at 148% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -18.3% during the last week.
Be the first to comment