Latest news with #Archrock
Business Insider
3 days ago
- Business
- Business Insider
Analysts Offer Insights on Energy Companies: Suncor Energy (SU), EOG Resources (EOG) and Archrock (AROC)
Companies in the Energy sector have received a lot of coverage today as analysts weigh in on Suncor Energy (SU – Research Report), EOG Resources (EOG – Research Report) and Archrock (AROC – Research Report). Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Suncor Energy (SU) RBC Capital analyst Gregory Pardy maintained a Buy rating on Suncor Energy on August 6 and set a price target of C$65.00. The company's shares closed last Thursday at $39.03. According to Pardy is a 5-star analyst with an average return of 19.2% and a 61.3% success rate. Pardy covers the NA sector, focusing on stocks such as Vermilion Energy, Canadian Natural, and Parex Resources. Currently, the analyst consensus on Suncor Energy is a Moderate Buy with an average price target of $44.76, a 13.5% upside from current levels. In a report issued on July 22, Desjardins also maintained a Buy rating on the stock with a C$64.00 price target. TD Cowen analyst David Deckelbaum maintained a Hold rating on EOG Resources yesterday and set a price target of $142.00. The company's shares closed last Thursday at $115.97, close to its 52-week low of $115.78. According to Deckelbaum is a 4-star analyst with an average return of 4.8% and a 41.7% success rate. Deckelbaum covers the NA sector, focusing on stocks such as California Resources Corp, Occidental Petroleum, and Matador Resources. EOG Resources has an analyst consensus of Moderate Buy, with a price target consensus of $141.05, representing a 20.4% upside. In a report issued on August 4, Bernstein also maintained a Hold rating on the stock. Archrock (AROC) RBC Capital analyst Elvira Scotto maintained a Buy rating on Archrock on August 6 and set a price target of $31.00. The company's shares closed last Thursday at $22.84. According to Scotto is a 5-star analyst with an average return of 14.8% and a 66.0% success rate. Scotto covers the NA sector, focusing on stocks such as Venture Global, Inc. Class A, Enterprise Products Partners, and Kodiak Gas Services, Inc. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Archrock with a $30.67 average price target, implying a 32.1% upside from current levels. In a report issued on August 6, Stifel Nicolaus also maintained a Buy rating on the stock with a $30.00 price target.
Yahoo
6 days ago
- Business
- Yahoo
Flowco completes acquisition of HPGL and VRU systems from Archrock
Flowco Holdings, a production optimisation, artificial lift and methane abatement solutions provider, has announced the acquisition of high-pressure gas lift (HPGL) and vapour recovery unit (VRU) systems from Archrock. The acquisition, involving 155 HPGL and VRU systems as well as other assets, was completed for approximately $71m in cash. This strategic move not only accelerates Flowco's growth in these areas but also reinforces its leadership in HPGL and vapour recovery technologies. Flowco's fleet has been expanded with the addition of electric motor drive systems, enhancing the company's ability to serve operators that are increasingly focused on electrification and emissions reduction. The acquisition of these high-margin, contracted assets at an attractive valuation is expected to be accretive to Flowco's key financial metrics including free cash flow per share and earnings per share. Flowco president and CEO Joe Bob Edwards said: 'We are pleased to announce our first M&A [mergers and acquisitions] transaction, delivering on our strategy to grow inorganically. 'This transaction underscores our disciplined approach to M&A – focusing on opportunities in production optimisation at attractive valuations. These high-quality electric systems will integrate seamlessly into our fleet, delivering the uptime and efficiency our customers expect from us.' The deal further enhances Flowco's presence in the Permian Basin and strengthens its relationships with both new and existing customers. In January, Flowco announced its intention to go public with an initial public offering (IPO) aimed at raising $392m by offering 17.8 million shares priced between $21 and $23 each. Cornerstone investors had expressed significant interest, with plans to purchase $125m worth of shares, representing 32% of the IPO. "Flowco completes acquisition of HPGL and VRU systems from Archrock" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
6 days ago
- Business
- Associated Press
Ecotec puts remote methane detection into pockets with the Gazoscan Mini
Gazoscan Mini Highlights COVENTRY, United Kingdom, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Ecotec is excited to announce a new methane detection device designed to improve worker safety and operational efficiency. The new Gazoscan Mini offers a portable, cost-effective solution for daily use by field operators. Traditionally, companies have had to choose between low-cost, reactive tools that alert workers once they're already in a methane zone and higher-cost, specialist systems that can be inappropriate for daily use or fixed to a single location. While both types of tools remain important for methane detection, Ecotec developed the Gazoscan Mini in response to demand from midstream customers for a proactive solution that can be deployed by every operator across their sites. The Gazoscan Mini is compact and lightweight, enabling field workers to carry it easily throughout their shifts. It's powerful enough to detect methane at distances of up to 15 meters, allowing workers to identify potential leaks from a safe distance. This enables frequent inspections, such as daily spot checks, to support and inform quarterly or annual leak detection cycles. 'With the Gazoscan Mini, our industry now has the ability to deploy laser methane detection in the hands of every operator,' says Kyle Jantzen, VP of Business Development, New Products, at Archrock. 'And the move towards an operational approach to leak detection provides a safer and more efficient environment.' By making methane detection part of daily workflows, the device is designed to help reduce gas loss and minimize downtime by allowing earlier identification of leaks. Product development has taken place at Ecotec's headquarters in Colton, CA, where the instruments are manufactured, with much of the testing being carried out at operational sites in Texas. The Gazoscan Mini is certified as intrinsically safe and has been tested for use in tough environments. Ecotec has provided rugged gas analysis instruments and data management to landfill and biogas sectors for 40 years, with subsidiaries in Europe and South America offering global supply and support to a range of sectors. The company's methane monitoring credentials are now established in the oil and gas industry, where leaking methane represents a lost product, as well as a safety and environmental risk. Discover more at A photo accompanying this announcement is available at [email protected]
Yahoo
02-08-2025
- Business
- Yahoo
Do Options Traders Know Something About Archrock Stock We Don't?
Investors in Archrock, Inc. AROC need to pay close attention to the stock based on moves in the options market lately. That is because the August 15, 2025 $12.5 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. What do the Analysts Think? Clearly, options traders are pricing in a big move for Archrock shares, but what is the fundamental picture for the company? Currently, Archrock is a Zacks Rank #4 (Sell) in the Oil and Gas - Field Services industry that ranks in the Bottom 5% of our Zacks Industry Rank. Over the last 60 days, no analyst increased the earnings estimates for the current quarter, while two have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from 38 cents per share to 37 cents in that period. Given the way analysts feel about Archrock right now, this huge implied volatility could mean there's a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Looking to Trade Options? Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk. Click to see the trades now >> 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 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-04-2025
- Business
- Yahoo
ExxonMobil Begins Installing Fourth FPSO to Tap Guyana's Reserves
Exxon Mobil Corporation XOM is moving closer to expanding its oil output in Guyana, as its fourth floating production storage and offloading (FPSO) vessel, One Guyana, begins the installation process offshore. This initiative, confirmed by Guyana's maritime authority earlier this week, marks a significant step toward the rapid development of the country's prolific Stabroek Block. Built by SBM Offshore, the One Guyana FPSO has a production capacity of 250,000 barrels per day. It departed Singapore in mid-February and reached Guyanese waters this week. Once operational, the vessel is expected to help push the consortium's total production capacity to around 940,000 barrels per day by the end of 2025. The FPSO will support the development of ExxonMobil's Yellowtail and Redtail fields, both located within the giant Stabroek Block. With over 11 billion barrels of recoverable resources discovered, the block has become one of the most significant offshore oil finds in recent history. After recent upgrades, the company produced an average of 616,000 barrels per day from its three operational FPSOs in 2024. The addition of One Guyana marks a significant step toward boosting that number. ExxonMobil confirmed the vessel's arrival in a recent statement, noting that production from the Yellowtail project is expected to commence later this year, once installation and well work are complete. According to shipping data, One Guyana is currently positioned near Exxon's three active FPSOs in Guyanese waters. With two more FPSOs scheduled to arrive over the next two years, ExxonMobil is signaling continued confidence in Guyana's role as a key pillar of its upstream growth strategy. The rapid deployment of infrastructure and consistent production ramp-ups suggest that the South American nation is poised to become a major player in global oil markets, with ExxonMobil at the of Form Bottom of Form ExxonMobil currently carries a Zack Rank #4 (Sell). Investors interested in the energy sector may look at some better-ranked stocks like Archrock Inc. AROC, Delek Logistics Partners, LP DKL and Kinder Morgan, Inc. KMI. While Archrock and Delek Logistics Partners presently sport a Zacks Rank #1 (Strong Buy) each, Kinder Morgan carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Archrock 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. Archrock's earnings beat estimates in three of the trailing four quarters and met once, delivering an average surprise of 8.81%. Delek Logistics Partners manages and owns systems for moving and storing oil and other products. The company operates pipelines that transport crude oil and refined products like gasoline and diesel. DKL also collects crude oil from different areas and stores it in tanks. Delek Logistics Partners' earnings beat estimates in two of the trailing four quarters, met once and missed on the other, delivering an average surprise of 79.75%. Kinder Morgan is a leading North American midstream player with a stable and resilient business model, largely driven by take-or-pay contracts, which ensure consistent earnings and facilitate reliable capital returns to shareholders. KMI operates one of the largest natural gas pipeline networks, positioning it to benefit from the projected increase in U.S. natural gas demand by 2030. Kinder Morgan's earnings beat estimates in one of the trailing four quarters, met once and missed in the other two, delivering an average negative surprise of 1.85%. 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 Exxon Mobil Corporation (XOM) : Free Stock Analysis Report Kinder Morgan, Inc. (KMI) : Free Stock Analysis Report Delek Logistics Partners, L.P. (DKL) : Free Stock Analysis Report Archrock, Inc. (AROC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
