Archrock Inc
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Energy : Energy Equipment & Services | Small Cap Value
Company profile

Archrock, Inc. is an energy infrastructure company with a pure-play focus on midstream natural gas compression. The Company is a provider of natural gas compression services to customers in the oil and natural gas industry throughout the United States, in terms of total compression fleet horsepower and a supplier of aftermarket services to customers that own compression equipment in the United States. The natural gas that it helps transport satisfies demand from electricity generation, heating and cooking and the industrial and manufacturing sectors. It has two segments. Its Contract Operations segment is comprised of its owned fleet of natural gas compression equipment that it uses to provide operations services to its customers. Its Aftermarket Services segment provides a full range of services to support the compression needs of its customers, which owns compression equipment, including operations, maintenance, overhaul and reconfiguration services and sales of parts and components.

Closing Price
Day's Change
0.07 (0.88%)
B/A Size
Day's High
Day's Low
(Heavy Day)

10-day average volume:

Dow's retailer stocks are a 172-point drag, in wake of Target's big earnings miss

12:07 pm ET May 18, 2022 (MarketWatch)

The Dow Jones Industrial Average's three retailer components are accounting shaving about 172 points off the Dow's price in midday trading Wednesday, in the wake of Target Corp.'s (TGT)disappointing earnings report. Shares of Walmart Inc. (WMT) shed 6.9% and of Walgreens Boots Alliance (WBA) fell 6.8% to pace the 28 of 30 Dow components that were losing ground, while Home Depot Inc.'s stock (HD) slid 4.7% to be the fourth-worst performer. But since the Dow is a price-weighted index, the Home Depot's stock was the biggest drag, as it fell $13.98 to reduce the Dow's price by about 92 points. Walmart's stock fell $9.11 to shave about 60 points off the Dow, while Walgreens shares shed $3.05 to be a 20-point drag. Meanwhile, the Dow took a 785-point, or 2.4%, dive. The retailer weakness comes as Target's stock plummeted 24.5%, putting it on track for the biggest one-day selloff in 35 years.

-Tomi Kilgore


(END) Dow Jones Newswires

May 18, 2022 12:07 ET (16:07 GMT)

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