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Investing.com - Evercore ISI reduced its price target on Archrock (NYSE:AROC), a $3.9 billion market cap natural gas compression services provider, to $31.00 from $32.00 on Tuesday, while maintaining an Outperform rating. According to InvestingPro data, the company trades at a P/E ratio of 18.4x and has delivered impressive revenue growth of 28.2% over the last twelve months.
The firm cited strong demand across all of Archrock’s service territories, noting that natural gas production and midstream infrastructure needs extend beyond the Permian Basin alone.
Evercore ISI highlighted Archrock’s scale, broad geographic footprint, and modern fleet as key advantages that position the company to meet growing natural gas demand in the United States.
The increased demand for natural gas is being driven by multiple factors including LNG exports, power generation, and emerging AI data center opportunities within the country.
Despite the slight reduction in price target, Evercore ISI reiterated its Outperform rating on Archrock stock, expressing continued confidence in the company’s market position and growth prospects.
In other recent news, Archrock Inc. reported its second-quarter 2025 earnings, exceeding Wall Street expectations. The company achieved an earnings per share (EPS) of $0.39, slightly above the forecast of $0.38. Archrock also reported a revenue of $383.2 million, surpassing predictions of $364.08 million. These results highlight a positive earnings surprise for the quarter. Despite these achievements, the stock experienced a decline in value. Analysts had anticipated the earnings results, which were closely watched by investors. These developments are part of the latest updates concerning Archrock Inc.
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