Latest news with #AROC
Yahoo
30-04-2025
- Business
- Yahoo
Shell Taps Stena DrillMAX for Drilling Campaign Offshore Suriname
Shell plc SHEL, the British energy giant, has hired Stena Drilling for work offshore Suriname. The energy giant has awarded a contract to Stena Drilling, via its subsidiaries KE STP Company and BG International Limited Suriname Branch, for the Stena DrillMAX drillship. This drillship is a Mobile Offshore Drilling Unit, commonly used for exploration and production activities in offshore environments. Shell's drilling campaign is anticipated to commence in the second half of this year. Stena Drilling has mentioned that its contract includes drilling two firm wells and two optional wells. The Stena DrillMAX is a sixth-generation drillship suitable for exploration and production activities in harsh environments. It is a dual-activity, dynamically positioned vessel that boasts a maximum drilling depth of nearly 10,000 feet under water. The drillship was hired by TotalEnergies earlier in 2025 for work offshore Suriname. Under the contract with TotalEnergies, Stena DrillMAX is expected to carry out managed pressure drilling for one exploration well in the region. The work for this contract was scheduled to begin in the second quarter of 2025. SHEL currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the energy sector are Archrock Inc. AROC, Nine Energy Service NINE and Kinder Morgan, Inc. KMI. While Archrock currently sports a Zacks Rank #1 (Strong Buy), Nine Energy Service and Kinder Morgan carry a Zacks Rank #2 (Buy) each. You can see the complete list of today's Zacks #1 Rank stocks here. Archrock Inc. is an energy infrastructure company based in the United States with a focus on midstream natural gas compression. AROC provides natural gas contract compression services and generates stable fee-based revenues. With natural gas playing an increasingly important role in the energy transition journey, Archrock is expected to witness sustained demand for its services. Nine Energy Service provides onshore completion and production services for unconventional oil and gas resource development. NINE operates across key prolific basins in the United States, including the Permian, Eagle Ford, MidCon, Barnett, Bakken, Rockies, Marcellus and Utica, as well as throughout Canada. With a sustained demand for oil and gas in the future, the need for NINE Energy's services is anticipated to increase, which should position the company for growth in the long run. Kinder Morgan is a leading North American midstream player with a stable and resilient business model, largely driven by take-or-pay contracts. KMI's stable business model shields it from commodity price volatility, resulting in predictable earnings and facilitating reliable capital returns to its shareholders. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kinder Morgan, Inc. (KMI) : Free Stock Analysis Report Archrock, Inc. (AROC) : Free Stock Analysis Report Nine Energy Service, Inc. (NINE) : Free Stock Analysis Report Shell PLC Unsponsored ADR (SHEL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
02-04-2025
- Business
- Yahoo
Archrock Inc. (AROC) Is Up 0.11% in One Week: What You Should Know
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Archrock Inc. (AROC), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Archrock Inc. Currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> In order to see if AROC is a promising momentum pick, let's examine some Momentum Style elements to see if this natural gas compression services business holds up. Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. For AROC, shares are up 0.11% over the past week while the Zacks Oil and Gas - Field Services industry is flat over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 0.81% compares favorably with the industry's 0.8% performance as well. While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Shares of Archrock Inc. Have increased 1.47% over the past quarter, and have gained 32.53% in the last year. On the other hand, the S&P 500 has only moved -4.25% and 8.35%, respectively. Investors should also take note of AROC's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, AROC is averaging 1,581,260 shares for the last 20 days. The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with AROC. Over the past two months, 3 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost AROC's consensus estimate, increasing from $1.37 to $1.64 in the past 60 days. Looking at the next fiscal year, 3 estimates have moved upwards while there have been no downward revisions in the same time period. Given these factors, it shouldn't be surprising that AROC is a #1 (Strong Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Archrock Inc. On your short list. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Archrock, Inc. (AROC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
18-03-2025
- Business
- Yahoo
US Army rapidly ridding itself of old weapons requirements
In its process of weeding through nearly 2,000 weapons requirements documents amassed over decades within the U.S. Army, the service has removed over 400 outdated requirements to free up funds and clean up its books, said Lt. Gen. Karl Gingrich, the Army's deputy chief of staff G-8. The Army embarked on an effort last year to weed through its mountain of formal requirements for any equipment or resources, from networks to weapons, that it might want to discard due to their stale or outdated nature. Requirements describe desired capabilities that the military wants to have. There's a sizable bureaucracy in the armed forces devoted to creating and refining requirements, passing them to acquisition specialists as the basis for eventual programs. Lousy requirements have led to billions of dollars wasted in the Army and elsewhere in the U.S. military. The service's new process is essentially an Army Requirements Oversight Council, or AROC, event — but in reverse. Instead of approving new requirements, as the panel usually does, the service approves their removal. The Army is calling it CORA, which is coincidentally a backwards 'AROC,' but stands for Continuous Objectives Requirements Analysis. 'What we are doing is we are actually using some automated tools to go back and take a look and see what's still relevant with all these requirements documents,' Gingrich said at the McAleese Defense Programs conference in Arlington, Virginia. 'Often, old requirements are still associated with some operations and sustainment funding, which can be allocated elsewhere.' As the Army validates new requirements coming online, the service is looking to identify requirements on the books that are rendered invalid as a result of new or changing requirements, Gingrich explained. 'We are becoming more sophisticated,' Gingrich noted. The service is now able to — when writing new requirements — dive into old requirements using the CORA process and align resources from old requirements that are tied to new ones. For instance, the Army is working to completely overhaul its command and control architecture through an effort called Next-Generation Command-and-Control. The previous capability consisted of a variety of essentially disparate systems. The Army was able to identify old requirements that established those 'vertical systems' and off-ramped the money applied to those requirements. 'We will bring it into Next-Gen C2 in the future so that we ensure there's no money out there going toward legacy systems,' Gingrich said.
