Citi analyst Doug Irwin initiates coverage on $Archrock (AROC.US)$ with a buy rating, and sets the target price at $24.
According to TipRanks data, the analyst has a success rate of 66.7% and a total average return of 10.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Archrock (AROC.US)$'s main analysts recently are as follows:
An already constrained compression market is anticipated to gain from several prevailing macroeconomic trends, particularly the rising demand for natural gas in the near to medium future. Companies like Archrock and Kodiak Gas are seen as well-placed to capitalize on these favorable trends.
Archrock is recognized as a dominant force in the gas compression domain, catering to leading energy companies. Compression services are essential for gas production and typically involve fixed-fee, long-term agreements. The demand for these services moves in tandem with the strong growth observed in the U.S. natural gas demand.
Note:
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