Watch for Continued Gains in Shares of Archrock Inc. (AROC)

IBN Spotlights
Friday, May 27, 2022 at 7:01pm UTC

Archrock Inc. (NYSE:AROC) traded today at a new 52-week high of $9.98. Approximately 258,000 shares have changed hands today, as compared to an average 30-day volume of 895,000 shares.

In the past 52 weeks, shares of Archrock Inc. have traded between a low of $6.99 and a high of $9.98 and is now at $9.96, which is 42% above that low price.

Archrock Inc is a U.S. based natural gas contract operations services company and provider of natural gas compression services. It has two business segments, Contract Operations, and Aftermarket Services. Under the umbrella of contract operations services, the company provides operations to meet customers’ natural gas compression needs. Services include designing, owning, installing, operating, and maintaining equipment. Archrock works closely with its customers’ personnel to ensure its compression service matches any changing characteristics of the natural gas reservoir. It generates maximum revenue from the Contract Operations segment.

Potential upside of 11.0% exists for Archrock Inc., based on a current level of $9.96 and analysts’ average consensus price target of $11.06.

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