Jbf Capital Exits Position in Archrock Inc (AROC)

Archrock Inc (AROC) : Jbf Capital has sold out all of its stake in Archrock Inc during the most recent quarter, according to the disclosure filed by the company on Aug 8, 2016 with the SEC. The investment management company has sold out 110,000 shares of Archrock Inc which is valued at $1,237,500.

Other Hedge Funds, Including , William Blair Investment Management boosted its stake in AROC in the latest quarter, The investment management firm added 43,888 additional shares and now holds a total of 1,052,339 shares of Archrock Inc which is valued at $11,838,814. Archrock Inc makes up approx 0.04% of William Blair Investment Management’s portfolio. Quantitative Investment Management added AROC to its portfolio by purchasing 17,500 company shares during the most recent quarter which is valued at $157,325. Archrock Inc makes up approx 0.01% of Quantitative Investment Management’s portfolio.Capital One National Association reduced its stake in AROC by selling 2,235 shares or 11.23% in the most recent quarter. The Hedge Fund company now holds 17,666 shares of AROC which is valued at $171,184. Archrock Inc makes up approx 0.01% of Capital One National Association’s portfolio.Capstone Asset Management Co reduced its stake in AROC by selling 3,210 shares or 6.5% in the most recent quarter. The Hedge Fund company now holds 46,152 shares of AROC which is valued at $451,828. Archrock Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio.

On the company’s financial health, Archrock Inc reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $-0.18. The company had revenue of $241.30 million for the quarter, compared to analysts expectations of $240.00 million. The company’s revenue was down -8.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.31 EPS.

Many Wall Street Analysts have commented on Archrock Inc. Archrock Inc was Upgraded by Johnson Rice to ” Accumulate” on Aug 5, 2016. Company shares were Upgraded by RBC Capital Mkts on Aug 5, 2016 to ” Sector Perform”, Firm has raised the Price Target to $ 10 from a previous price target of $4 .FBR Capital Initiated Archrock Inc on Jul 15, 2016 to “Mkt Perform”, Price Target of the shares are set at $11.

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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