Archrock Inc is a leading provider of natural gas compression services in the energy sector, specializing in the design, manufacturing, and servicing of equipment that enhances the flow and transportation of natural gas
The company offers a comprehensive range of solutions, including rental, sales, and maintenance of compression units, which are critical for ensuring efficient gas production and processing. Archrock focuses on delivering reliable and innovative technologies to meet the needs of its clients, primarily in the oil and gas industry, contributing to the overall efficiency and sustainability of natural gas operations.
Archrock and Monday.com are certainly worthy of consideration after posting impressive quarterly growth. With their earnings estimate revisions remaining higher, the rally in AROC and MNDY may continue.
HOUSTON, July 23, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSEAROC) (“Archrock”) announced today the pricing of its underwritten public offering (the “offering”) of 11,000,000 shares of its common stock (the “common stock”) at a public offering price of $21.00 per share. The total estimated net proceeds of the offering, after deducting the underwriting discount and estimated offering expenses, are approximately $223 million. The offering is expected to close on July 24, 2024, subject to customary closing conditions. The underwriters have a 30-day option to purchase up to an additional 1,650,000 shares of common stock from Archrock.
HOUSTON, July 22, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSEAROC) (“Archrock”) announced today that it has commenced an underwritten public offering (the “offering”) of 11,000,000 shares of its common stock (the “common stock”). Archrock will grant the underwriters an option for 30 days to purchase up to an additional 1,650,000 shares of common stock from Archrock.
HOUSTON and MIDLAND, Texas, July 22, 2024 (GLOBE NEWSWIRE) -- Archrock, Inc. (NYSEAROC) (“Archrock”) and Total Operations and Production Services, LLC (“TOPS”), a leading provider of contract gas compression services for the Permian Basin and portfolio company of investment funds managed by affiliates of Apollo Global Management, Inc. (“Apollo”), today announced that they have entered into a definitive agreement under which Archrock will acquire TOPS, including approximately 580,000 horsepower of predominantly young electric motor drive compression assets, in a cash-and-stock transaction valued at $983 million.
As of March 26, 2024, three stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
