AROC Stock Summary and Trading Ideas (Archrock | NYSE:AROC)

Archrock Inc is an energy infrastructure company with focus on midstream natural gas compression and a commitment to helping customers produce, compress and transport natural gas. 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. Aftermarket Services business provides a full range of services to support the compression needs of customers that own compression equipment, including operations, maintenance, overhaul and reconfiguration services and sales of parts and components. It generates maximum revenue from the Contract Operations segment.

Archrock trades on the NYSE stock market under the symbol AROC.

As of September 18, 2024, AROC stock price climbed to $20.40 with 1,066,754 million shares trading.

AROC has a beta of 1.07, meaning it tends to be more sensitive to market movements. AROC has a correlation of 0.18 to the broad based SPY ETF.

AROC has a market cap of $3.59 billion. This is considered a Mid Cap stock.

Last quarter Archrock reported $271 million in Revenue and $.23 earnings per share. This fell short of revenue expectation by $-74,000 and missed earnings estimates by -$.02.

In the last 3 years, AROC stock traded as high as $23.44 and as low as $6.28.

The top ETF exchange traded funds that AROC belongs to (by Net Assets): IJR, VTI, VB, IWM, AVUV.

AROC has outperformed the market in the last year with a price return of +68.9% while the SPY ETF gained +27.7%. AROC has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +7.7% and +7.5%, respectively, while the SPY returned +2.7% and +1.9%, respectively.

AROC support price is $19.65 and resistance is $20.59 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AROC stock will trade within this expected range on the day.