Intrinsic value of Archrock - AROC

Previous Close

$11.95

  Intrinsic Value

$2.53

stock screener

  Rating & Target

str. sell

-79%

Previous close

$11.95

 
Intrinsic value

$2.53

 
Up/down potential

-79%

 
Rating

str. sell

We calculate the intrinsic value of AROC stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  811
  830
  851
  875
  901
  930
  962
  996
  1,033
  1,073
  1,115
  1,161
  1,209
  1,260
  1,315
  1,372
  1,433
  1,498
  1,566
  1,638
  1,714
  1,794
  1,878
  1,967
  2,061
  2,159
  2,263
  2,372
  2,487
  2,608
Variable operating expenses, $m
  816
  835
  856
  880
  907
  936
  967
  1,002
  1,039
  1,078
  1,114
  1,159
  1,207
  1,258
  1,312
  1,370
  1,431
  1,495
  1,563
  1,635
  1,711
  1,791
  1,875
  1,964
  2,057
  2,156
  2,259
  2,368
  2,483
  2,603
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  816
  835
  856
  880
  907
  936
  967
  1,002
  1,039
  1,078
  1,114
  1,159
  1,207
  1,258
  1,312
  1,370
  1,431
  1,495
  1,563
  1,635
  1,711
  1,791
  1,875
  1,964
  2,057
  2,156
  2,259
  2,368
  2,483
  2,603
Operating income, $m
  -6
  -6
  -5
  -5
  -5
  -5
  -5
  -5
  -5
  -5
  2
  2
  2
  2
  2
  2
  2
  3
  3
  3
  3
  3
  3
  3
  3
  4
  4
  4
  4
  4
EBITDA, $m
  221
  226
  232
  239
  246
  254
  263
  272
  282
  293
  304
  317
  330
  344
  359
  375
  391
  409
  427
  447
  468
  490
  513
  537
  562
  589
  618
  648
  679
  712
Interest expense (income), $m
  78
  88
  90
  92
  95
  98
  101
  105
  109
  113
  118
  123
  129
  134
  141
  147
  154
  161
  169
  177
  186
  195
  205
  215
  226
  237
  249
  261
  275
  288
  303
Earnings before tax, $m
  -93
  -95
  -98
  -100
  -103
  -107
  -110
  -114
  -119
  -123
  -121
  -127
  -132
  -138
  -145
  -152
  -159
  -167
  -175
  -183
  -192
  -202
  -212
  -222
  -233
  -245
  -258
  -271
  -284
  -299
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -93
  -95
  -98
  -100
  -103
  -107
  -110
  -114
  -119
  -123
  -121
  -127
  -132
  -138
  -145
  -152
  -159
  -167
  -175
  -183
  -192
  -202
  -212
  -222
  -233
  -245
  -258
  -271
  -284
  -299

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  2,457
  2,514
  2,578
  2,651
  2,731
  2,819
  2,915
  3,019
  3,131
  3,252
  3,380
  3,517
  3,663
  3,819
  3,983
  4,158
  4,343
  4,538
  4,745
  4,963
  5,193
  5,435
  5,691
  5,960
  6,244
  6,543
  6,857
  7,188
  7,536
  7,902
Adjusted assets (=assets-cash), $m
  2,457
  2,514
  2,578
  2,651
  2,731
  2,819
  2,915
  3,019
  3,131
  3,252
  3,380
  3,517
  3,663
  3,819
  3,983
  4,158
  4,343
  4,538
  4,745
  4,963
  5,193
  5,435
  5,691
  5,960
  6,244
  6,543
  6,857
  7,188
  7,536
  7,902
Revenue / Adjusted assets
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
  0.330
Average production assets, $m
  2,200
  2,251
  2,308
  2,373
  2,445
  2,524
  2,610
  2,703
  2,804
  2,911
  3,026
  3,149
  3,280
  3,419
  3,566
  3,723
  3,888
  4,063
  4,248
  4,443
  4,649
  4,866
  5,095
  5,336
  5,590
  5,858
  6,139
  6,436
  6,747
  7,075
Working capital, $m
  36
  37
  38
  39
  41
  42
  43
  45
  47
  48
  50
  52
  54
  57
  59
  62
  64
  67
  70
  74
  77
  81
  85
  89
  93
  97
  102
  107
  112
  117
Total debt, $m
  1,450
  1,488
  1,532
  1,581
  1,635
  1,695
  1,760
  1,830
  1,906
  1,987
  2,074
  2,167
  2,266
  2,371
  2,483
  2,601
  2,726
  2,858
  2,998
  3,146
  3,301
  3,466
  3,639
  3,821
  4,013
  4,216
  4,428
  4,652
  4,888
  5,136
Total liabilities, $m
  1,664
  1,702
  1,746
  1,795
  1,849
  1,909
  1,974
  2,044
  2,120
  2,201
  2,288
  2,381
  2,480
  2,585
  2,697
  2,815
  2,940
  3,072
  3,212
  3,360
  3,515
  3,680
  3,853
  4,035
  4,227
  4,430
  4,642
  4,866
  5,102
  5,350
Total equity, $m
  794
  812
  833
  856
  882
  911
  942
  975
  1,011
  1,050
  1,092
  1,136
  1,183
  1,233
  1,287
  1,343
  1,403
  1,466
  1,533
  1,603
  1,677
  1,756
  1,838
  1,925
  2,017
  2,113
  2,215
  2,322
  2,434
  2,553
Total liabilities and equity, $m
  2,458
  2,514
  2,579
  2,651
  2,731
  2,820
  2,916
  3,019
  3,131
  3,251
  3,380
  3,517
  3,663
  3,818
  3,984
  4,158
  4,343
  4,538
  4,745
  4,963
  5,192
  5,436
  5,691
  5,960
  6,244
  6,543
  6,857
  7,188
  7,536
  7,903
Debt-to-equity ratio
  1.830
  1.830
  1.840
  1.850
  1.850
  1.860
  1.870
  1.880
  1.880
  1.890
  1.900
  1.910
  1.920
  1.920
  1.930
  1.940
  1.940
  1.950
  1.960
  1.960
  1.970
  1.970
  1.980
  1.980
  1.990
  1.990
  2.000
  2.000
  2.010
  2.010
Adjusted equity ratio
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323
  0.323

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -93
  -95
  -98
  -100
  -103
  -107
  -110
  -114
  -119
  -123
  -121
  -127
  -132
  -138
  -145
  -152
  -159
  -167
  -175
  -183
  -192
  -202
  -212
  -222
  -233
  -245
  -258
  -271
  -284
  -299
Depreciation, amort., depletion, $m
  227
  232
  238
  244
  251
  259
  268
  277
  287
  298
  303
  315
  328
  342
  357
  372
  389
  406
  425
  444
  465
  487
  510
  534
  559
  586
  614
  644
  675
  708
Funds from operations, $m
  134
  137
  140
  144
  148
  153
  158
  163
  169
  175
  181
  188
  196
  203
  212
  221
  230
  240
  250
  261
  273
  285
  298
  311
  326
  341
  356
  373
  390
  409
Change in working capital, $m
  1
  1
  1
  1
  1
  1
  1
  2
  2
  2
  2
  2
  2
  2
  2
  3
  3
  3
  3
  3
  3
  4
  4
  4
  4
  4
  5
  5
  5
  5
Cash from operations, $m
  133
  136
  139
  143
  147
  151
  156
  161
  167
  173
  179
  186
  193
  201
  209
  218
  227
  237
  247
  258
  269
  281
  294
  307
  321
  336
  352
  368
  385
  403
Maintenance CAPEX, $m
  -216
  -220
  -225
  -231
  -237
  -245
  -252
  -261
  -270
  -280
  -291
  -303
  -315
  -328
  -342
  -357
  -372
  -389
  -406
  -425
  -444
  -465
  -487
  -510
  -534
  -559
  -586
  -614
  -644
  -675
New CAPEX, $m
  -44
  -51
  -58
  -65
  -72
  -79
  -86
  -93
  -100
  -108
  -115
  -123
  -131
  -139
  -147
  -156
  -165
  -175
  -185
  -195
  -206
  -217
  -229
  -241
  -254
  -267
  -282
  -296
  -312
  -328
Cash from investing activities, $m
  -260
  -271
  -283
  -296
  -309
  -324
  -338
  -354
  -370
  -388
  -406
  -426
  -446
  -467
  -489
  -513
  -537
  -564
  -591
  -620
  -650
  -682
  -716
  -751
  -788
  -826
  -868
  -910
  -956
  -1,003
Free cash flow, $m
  -127
  -135
  -144
  -153
  -162
  -172
  -182
  -193
  -204
  -215
  -227
  -239
  -252
  -266
  -280
  -295
  -310
  -327
  -344
  -362
  -381
  -401
  -422
  -443
  -466
  -490
  -516
  -542
  -570
  -599
Issuance/(repayment) of debt, $m
  33
  38
  44
  49
  54
  60
  65
  70
  76
  81
  87
  93
  99
  105
  112
  118
  125
  132
  140
  148
  156
  164
  173
  182
  192
  202
  213
  224
  236
  248
Issuance/(repurchase) of shares, $m
  110
  114
  119
  124
  129
  135
  141
  148
  155
  162
  163
  171
  180
  189
  198
  208
  219
  230
  241
  254
  266
  280
  294
  309
  325
  342
  359
  377
  397
  417
Cash from financing (excl. dividends), $m  
  143
  152
  163
  173
  183
  195
  206
  218
  231
  243
  250
  264
  279
  294
  310
  326
  344
  362
  381
  402
  422
  444
  467
  491
  517
  544
  572
  601
  633
  665
Total cash flow (excl. dividends), $m
  16
  17
  18
  20
  21
  23
  24
  26
  27
  28
  23
  25
  26
  28
  30
  31
  33
  35
  37
  39
  41
  44
  46
  48
  51
  54
  56
  59
  62
  66
Retained Cash Flow (-), $m
  -110
  -114
  -119
  -124
  -129
  -135
  -141
  -148
  -155
  -162
  -163
  -171
  -180
  -189
  -198
  -208
  -219
  -230
  -241
  -254
  -266
  -280
  -294
  -309
  -325
  -342
  -359
  -377
  -397
  -417
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  9
  9
  9
  9
  10
  10
  10
  11
  11
  11
  12
  12
  13
  13
  14
  14
  15
  16
  16
  17
  18
  19
  20
  21
  22
  23
  24
  25
  26
  27
Cash available for distribution, $m
  -94
  -97
  -100
  -104
  -108
  -112
  -117
  -122
  -128
  -134
  -140
  -146
  -153
  -161
  -168
  -177
  -185
  -195
  -204
  -214
  -225
  -237
  -248
  -261
  -274
  -288
  -303
  -318
  -334
  -351
Discount rate, %
  9.30
  9.77
  10.25
  10.77
  11.30
  11.87
  12.46
  13.09
  13.74
  14.43
  15.15
  15.91
  16.70
  17.54
  18.41
  19.33
  20.30
  21.32
  22.38
  23.50
  24.68
  25.91
  27.20
  28.57
  29.99
  31.49
  33.07
  34.72
  36.46
  38.28
PV of cash for distribution, $m
  -86
  -80
  -75
  -69
  -63
  -57
  -52
  -46
  -40
  -35
  -30
  -25
  -21
  -17
  -13
  -10
  -8
  -6
  -4
  -3
  -2
  -1
  -1
  -1
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  88.4
  78.0
  68.7
  60.3
  52.9
  46.3
  40.5
  35.3
  30.8
  26.8
  23.4
  20.5
  17.8
  15.5
  13.5
  11.8
  10.2
  8.9
  7.7
  6.7
  5.8
  5.0
  4.3
  3.7
  3.2
  2.8
  2.4
  2.1
  1.8
  1.6

Archrock, Inc. is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States. The Company operates through two segments: contract operations and aftermarket services. The contract operations segment primarily provides natural gas compression services to meet specific customer requirements. The Company provides contract operations services, including the personnel, equipment, tools, materials and supplies to meet its customers' natural gas compression needs. The aftermarket services segment provides a range of services to support the compression needs of customers, from parts sales and normal maintenance services to full operation of a customer's owned assets.

FINANCIAL RATIOS  of  Archrock (AROC)

Valuation Ratios
P/E Ratio -15.3
Price to Sales 1
Price to Book 1.2
Price to Tangible Book
Price to Cash Flow 3.1
Price to Free Cash Flow 5.4
Growth Rates
Sales Growth Rate -19.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -53.9%
Cap. Spend. - 3 Yr. Gr. Rate -16.6%
Financial Strength
Quick Ratio NaN
Current Ratio 0.1
LT Debt to Equity 200.6%
Total Debt to Equity 200.6%
Interest Coverage 0
Management Effectiveness
Return On Assets 0.1%
Ret/ On Assets - 3 Yr. Avg. 1.2%
Return On Total Capital -2.5%
Ret/ On T. Cap. - 3 Yr. Avg. -1.3%
Return On Equity -7.6%
Return On Equity - 3 Yr. Avg. -4.1%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 52.9%
Gross Margin - 3 Yr. Avg. 50.3%
EBITDA Margin 24.5%
EBITDA Margin - 3 Yr. Avg. 24.5%
Operating Margin -0.7%
Oper. Margin - 3 Yr. Avg. 2.1%
Pre-Tax Margin -11%
Pre-Tax Margin - 3 Yr. Avg. -8.8%
Net Profit Margin -6.8%
Net Profit Margin - 3 Yr. Avg. -3.3%
Effective Tax Rate 27%
Eff/ Tax Rate - 3 Yr. Avg. 13.1%
Payout Ratio -63.6%

AROC stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the AROC stock intrinsic value calculation we used $795 million for the last fiscal year's total revenue generated by Archrock. The default revenue input number comes from 2017 income statement of Archrock. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our AROC stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 9.3%, whose default value for AROC is calculated based on our internal credit rating of Archrock, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Archrock.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of AROC stock the variable cost ratio is equal to 100.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for AROC stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 6.2% for Archrock.

Corporate tax rate of 27% is the nominal tax rate for Archrock. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the AROC stock is equal to 1.1%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for AROC are equal to 271.3%.

Life of production assets of 10 years is the average useful life of capital assets used in Archrock operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for AROC is equal to 4.5%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $777 million for Archrock - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 70 million for Archrock is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Archrock at the current share price and the inputted number of shares is $0.8 billion.

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SLB Schlumberger 62.49 25.48  str.sell
NGS Natural Gas Se 21.35 4.71  str.sell
EXTN Exterran 27.41 195.15  str.buy

COMPANY NEWS

▶ Archrock Inc. to Host Earnings Call   [09:00AM  ACCESSWIRE]
▶ Archrock Inc.: 2Q Earnings Snapshot   [06:13AM  Associated Press]
▶ Archrock Increases Quarterly Cash Dividend   [Jul-26-18 06:30AM  GlobeNewswire]
▶ Archrock Announces Changes to Board of Directors   [Jul-25-18 04:30PM  GlobeNewswire]
▶ Archrock, Inc. Second Quarter 2018 Conference Call   [Jul-16-18 08:00PM  GlobeNewswire]
▶ Top Ranked Income Stocks to Buy for July 5th   [Jul-05-18 09:46AM  Zacks]
▶ Should Archrock Inc (NYSE:AROC) Be Part Of Your Portfolio?   [Jun-25-18 03:18PM  Simply Wall St.]
▶ Do Archrock's Post-Merger Results Make It a Buy Already?   [May-15-18 10:17AM  Motley Fool]
▶ Archrock Inc.: 1Q Earnings Snapshot   [06:27AM  Associated Press]
▶ Archrock Announces Quarterly Cash Dividend   [Apr-27-18 06:45AM  GlobeNewswire]
▶ Archrock, Inc. Announces Completion of Merger Transaction   [Apr-26-18 05:18PM  GlobeNewswire]
▶ Why Archrock (AROC) Could Shock the Market Soon   [Apr-12-18 08:49AM  Zacks]
▶ Archrock, Inc. to Attend Simmons Energy Conference   [Feb-27-18 06:00AM  GlobeNewswire]
▶ Archrock Inc. to Host Earnings Call   [Feb-22-18 10:05AM  ACCESSWIRE]
▶ Archrock Inc. posts 4Q profit   [06:45AM  Associated Press]
▶ Archrock Partners Announces Quarterly Cash Distribution   [Jan-18-18 07:02PM  GlobeNewswire]
▶ Archrock Announces Quarterly Cash Dividend   [07:02PM  GlobeNewswire]
▶ Archrock: The Only Oilfield Services Gainer   [Jan-17-18 04:20PM  Market Realist]
▶ Archrock to acquire remaining stake in its MLP in $607M deal   [Jan-03-18 09:40AM  American City Business Journals]
▶ Houston energy services co. and MLP hire interim CFO   [Dec-26-17 08:55AM  American City Business Journals]
▶ Alerian Index Series December 2017 Index Review   [Dec-08-17 08:30AM  PR Newswire]
▶ ETFs with exposure to Archrock, Inc. : November 29, 2017   [Nov-29-17 11:00AM  Capital Cube]
▶ ETFs with exposure to Archrock, Inc. : November 7, 2017   [Nov-07-17 09:39AM  Capital Cube]
▶ Archrock Inc. reports 3Q loss   [09:19AM  Associated Press]
▶ Archrock Partners Announces Quarterly Cash Distribution   [Oct-23-17 08:01AM  GlobeNewswire]
▶ Archrock Announces Quarterly Cash Dividend   [08:00AM  GlobeNewswire]
▶ ETFs with exposure to Archrock, Inc. : October 10, 2017   [Oct-10-17 10:59AM  Capital Cube]
▶ ETFs with exposure to Archrock, Inc. : September 26, 2017   [Sep-26-17 10:41AM  Capital Cube]
▶ Archrock, Inc. to Present at Johnson Rice Energy Conference   [Sep-25-17 06:00AM  GlobeNewswire]
▶ ETFs with exposure to Archrock, Inc. : September 15, 2017   [Sep-15-17 05:08PM  Capital Cube]
▶ Oil and Gas Stock Roundup: The Calm Before the Storm   [Aug-26-17 12:47PM  Motley Fool]
▶ 3 Incredibly Cheap Dividend Stocks Right Now   [Aug-24-17 10:17AM  Motley Fool]
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