RBC Capital Upgrades Archrock Inc to Sector Perform

Brokerage firm RBC Capital Upgrades its rating on Archrock Inc(NYSE:AROC). The shares have been rated Sector Perform. Previously, the analysts had a Underperform rating on the shares. The rating by RBC Capital was issued on Aug 5, 2016.

In a different note, FBR Capital said it Initiates Coverage on Archrock Inc, according to a research note issued on Jul 15, 2016. The shares have been rated ‘Market Perform’ by the firm. On Jun 22, 2016, Scotia Howard Weil said it Downgrades its rating on Archrock Inc.

Archrock Inc(AROC) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $204.15M. Analysts had an estimated revenue of $213.30M. Earnings per share were $-0.03.

Archrock Inc. formerly Exterran Holdings Inc. is engaged in providing natural gas contract compression services to customers in the oil and natural gas industry throughout the United States. The Company also provides aftermarket services to customers that own compression equipment in the United States. It focuses on Natural Gas Contract Compression Service and Aftermarket Parts and Service. Its Compression Services offers inventory of compressor packages ready for deployment and comprehensive fleet with the technology from an aggressive and continuous new build program among others. Its services include Compression Services Aftermarket Services and Used Equipment. Its Aftermarket Services maintains ready inventories of critical engine compression and gas compressor package parts located throughout the United States. Its used equipment include AJAX Arrow/Ariel Caterpillar/Ariel Caterpillar/GE Gemini Rotary Screw and Waukesha.

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