Checking in on Archrock Inc. (AROC) after recent insiders movement

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In a filing, Archrock Inc. revealed its 10% Owner Old Ocean Reserves, LP unloaded Company’s shares for reported $33512.0 on Jun 09. In the deal valued at $10.10 per share,3,318 shares were sold. As a result of this transaction, Old Ocean Reserves, LP now holds 16,730,363 shares worth roughly $ 138.19 million.


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Then, Old Ocean Reserves, LP sold 65,519 shares, generating $662,397 in total proceeds. Upon selling the shares at $10.11, the 10% Owner now owns 16,933,681 shares.

Before that, Old Ocean Reserves, LP sold 94,583 shares. Archrock Inc. shares valued at $962,855 were divested by the 10% Owner at a price of $10.18 per share. As a result of the transaction, Old Ocean Reserves, LP now holds 16,999,200 shares, worth roughly $140.41 million.

CapitalOne downgraded its Archrock Inc. [AROC] rating to an Equal weight from a an Overweight in a research note published on Friday. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. B. Riley FBR Inc. also remained covering AROC and reiterated its “Buy” recommendation on May 22, 2018. B. Riley FBR Inc. revised its rating on May 09, 2018. It rated AROC as “a Buy” which previously was an “a Neutral”.

Price Performance Review of AROC

On Friday, Archrock Inc. [NYSE:AROC] saw its stock jump 3.25% to $8.26. On the same session, the stock had its day’s lowest price of $8.015, but rose to a high of $8.28. Over the last five days, the stock has gained 12.53%. Archrock Inc. shares have risen nearly 10.43% since the year began. Nevertheless, the stocks have fallen -2.25% over the past one year. While a 52-week high of $10.44 was reached on 06/02/22, a 52-week low of $6.28 was recorded on 09/26/22. SMA at 50 days reached $7.16, while 200 days put it at $8.30. A total of 0.87 million shares were traded, compared to the trading of 0.83 million shares in the previous session.

Levels Of Support And Resistance For AROC Stock

The 24-hour chart illustrates a support level at 8.09, which if violated will result in even more drops to 7.92. On the upside, there is a resistance level at 8.35. A further resistance level may holdings at 8.45. The Relative Strength Index (RSI) on the 14-day chart is 71.52, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.54%. Stochastics %K at 89.76% indicates the stock is a selling.

How much short interest is there in Archrock Inc.?

A steep rise in short interest was recorded in Archrock Inc. stocks on Jul 14, 2022, dropping by 20000.0 shares to a total of 5.68 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 5.7 million shares. There was a decline of -0.35%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.08% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.82.

Archrock Inc. [AROC] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 21,814,578 shares, or roughly 14.02% of the outstanding AROC shares. In other words, the investor’s shares have risen by 395,432 from its previous 13-F filing of 21419146.0. Additionally, The Vanguard Group, Inc. increased 2.35% of its stake after which the total value it holdings stand at $103,079,000, while EARNEST Partners LLC added 4.18% of its stake to hold $90.02 million in the firm. Over the last quarter, Dimensional Fund Advisors LP purchased 470,990 shares of Archrock Inc., while Invesco Advisers, Inc. bought 197,370 shares. At present, Managed Account Advisors LLC is holding 7,077,076 shares valued at $45.43 million. SSgA Funds Management, Inc. owned 5,634,406 shares of the company at the time of its most recent 13F filing, worth $36.17 million.

According to FactSet, Archrock Inc.’s share price will average $10.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 31.25 percent from its previous closing price of $8.00. Analysts expect Archrock Inc. stock to reach the higher price of $11.00, while the lowest price estimate is $10.00. However, 2 analysts have rated AROC stock as a Buy in their predictions for 2022.

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