For its first fiscal quarter (ending March 31), Archrock Inc (NYSE: AROC) has reported a 160% increase in E.P.S. from $0.10 a year ago to $0.26 in the current quarter. However, this performance was $-0.02 short of the consensus estimate of $0.28. E.P.S. were $0.83 for the latest four quarters through March 31 versus $0.38 for the same period a year ago — an increase of 118%.
Recent Price Action
On 4/30/24, Archrock Inc (NYSE: AROC) stock declined by -4.7%, closing at $19.19. Moreover, trading volume in this decline was above average at 126% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -1.6% during the last week.
Current PriceTarget Research Rating
AROC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Archrock has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Archrock has a poor Appreciation Score of 24 but a very high Power Rating of 93, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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