AROC - Archrock Inc. Looks to Continue to Trade Above its Annual-High Share Price Today
Archrock Inc. (NYSE:AROC) traded today at a new 52-week high of $10.38. So far today approximately 513,000 shares have been exchanged, as compared to an average 30-day volume of 892,000 shares.
Archrock Inc. share prices have moved between a 52-week high of $10.38 and a 52-week low of $6.99 and are now trading 45% above that low price at $10.12 per share.
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 11.3% exists for Archrock Inc., based on a current level of $10.12 and analysts' average consensus price target of $11.27.
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