Investors might want to bet on Archrock Inc. (AROC) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, February 23rd:Archrock (AROC) : This company which, is a provider of natural gas contract compression services as well as supplier of aftermarket services of compression equipment, has a Zacks Rank #1 (Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.9% over the last 60 days.Archrock’s shares gained 31.3% over the last three month compared with the S&P 50 ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, February 23rd:Archrock (AROC) : This company which is a provider of natural gas contract compression services as well as supplier of aftermarket services of compression equipment, has witnessed the Zacks Consensus Estimate for its next year earnings increasing 3.9% over the last 60 days.This Zacks Rank #1 (Strong Buy) company has a dividend yield of 3.5%, compared with the industry average of 0.0%.J. Sains ...

Archrock, Inc. (NYSE:AROC) Q4 2023 Earnings Conference Call February 21, 2024 10:00 AM ET Company Participants Megan Repine - Manager, IR, Noble Midstream Partners Bradley Childers - President, CEO & Director Douglas Aron - SVP & CFO Conference Call Participants James Rollyson - Raymond James & Associates Selman Akyol - Stifel, Nicolaus & Company Stephen Ferazani - Sidoti & Company Elvira Scotto - RBC Capital Markets Operator Ladies and gentlemen, good morning. Welcome to the Archrock Fourth Quarter 2023 Co ...

Archrock Inc. (AROC) came out with quarterly earnings of $0.21 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this natural gas compression services business would post earnings of $0.19 per share when it actually produced earnings of $0.20, delivering a surprise of 5.26%.Over the last four quarters, the company has surpassed consensus EPS estimates two times. ...

Archrock Reports Fourth Quarter and Full Year 2023 Results and Provides 2024 Guidance HOUSTON, February 20, 2024 - Archrock, Inc. (NYSE: AROC) ("Archrock") today reported results for the fourth quarter and full year 2023 and provided 2024 guidance. Fourth Quarter and Full Year 2023 Highlights ● Revenue for the fourth quarter of 2023 was $259.6 million compared to $218.9 million in the fourth quarter of 2022. Revenue for 2023 was $990.3 million compared to $845.6 million in 2022. ● Net income for the fourth ...

Table of Contents Title of each class Trading Symbol Name of exchange on which registered Common Stock, $0.01 par value per share AROC New York Stock Exchange Securities registered pursuant to 12(g) of the Act: None Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K (MARK ONE) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ...

Active investors must pick breakout stocks for excellent returns. This method involves zeroing in on stocks whose prices vary within a narrow band.If the stock price falls below this channel, it could be the best time to sell it off. However, the best time to buy a stock per this strategy is when it is about to break above this trading band. Such stocks offer the prospect of impressive gains.To that end, BRF (BRFS) , Archrock (AROC) and Nomura (NMR) have been selected as the breakout stocks for today.Zeroin ...

Company Profile - AROC is an outsourced provider of natural gas compression services in the U S with a fleet of 3 773 000 available horsepower HP at the end of September mostly consisting of large compressors with 1 000 or more horsepower [2] - The company operates in various basins across the U S with a heavier concentration in oil driven shale plays such as the Permian Eagle Ford Scoop Stack and Niobrara as well as other basins like the Marcellus Utica and Bakken [2] - AROC serves both midstream and upstream operators with its top 10 customers representing over 50 of its revenue including companies like Enterprise Products Partners Williams Companies Enlink Chevron and Devon [2] - The company has fixed fee contracts with initial terms of 12 48 months and an aftermarket service business that accounts for nearly 20 of its revenue [2] - AROC owns a 25 stake in Ecotec International Holders which manages and monitors ethane emissions [2] Market Trends and Opportunities - AROC is benefiting from strong natural gas production particularly in oil producing regions like the Permian where associated gas production is driven by oil prices rather than natural gas prices [3] - The company has seen an increase in monthly revenue per horsepower for eight straight quarters with a 17 increase in Q3 [3] - AROC is experiencing unprecedented tightness in the compression market due to structural and industry wide changes to capital allocation practices [3] - The company s utilization rate based on horsepower reached a record 96 at the end of Q3 compared to 89 a year ago [3] - AROC is more willing to add new compression units even at elevated prices which are up about 40 since the pandemic and has raised 55 million through the sale of nonstrategic equipment to fund new build investments [3] - The company s 2024 new build capacity is already committed with growth capex expected to be about 160 million in 2024 [3] - AROC s aftermarket service business is expected to benefit from the current industry dynamics as older units stay in the field requiring more maintenance and overhauls [3] - The company has long term opportunities in carbon capture with a 25 stake in ECOTEC and a partnership with Ionada for post combustion carbon capture technology [3] Valuation and Financials - AROC trades at 8 5x the 2024 EBITDA consensus of 494 6 million and 8 0x the 2025 EBITDA consensus of 526 9 million [4] - The stock has a distributable cash flow yield of about 8 5 based on 2023 conservative projections of 225 million and pays a dividend yield of about 4 after a 6 5 increase in late January [4] - The company s dividend was covered 2 6x in Q3 and it was leveraged 3 8x at the end of Q3 [4] - AROC is less expensive than USAC despite having a similar business and historically trading at a discount to USAC [4] Conclusion - The Biden administration s pause on new LNG facility permitting adds some risk but is not expected to have a big impact over the next two years [6] - The compression market is expected to remain tight with prices continuing to rise gradually [6] - AROC is anticipated to report a solid Q4 with high utilization and sequential price increases benefiting its top and bottom lines [6] - The company is less expensive and has a better balance sheet than USAC riding many of the same market trends [6]

Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is Archrock Inc. (AROC) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Oils-Energy sector should help us answer this question.Archrock Inc. is a member of the Oils-Energy sector. This group includes 249 individual stocks and currently holds a Zacks Sector Rank of #16. The Zacks Sector Rank considers 16 different grou ...