Citigroup Inc. Stock Outperforms Market On Strong Trading Day

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.

Citigroup Inc. Stock Outperforms Market On Strong Trading Day

4:41 pm ET May 19, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Citigroup Inc. (C) inched 0.93% higher to $49.78 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.58% to 3,900.79 and Dow Jones Industrial Average falling 0.75% to 31,253.13. Citigroup Inc. closed $30.51 short of its 52-week high ($80.29), which the company achieved on June 2nd.

The stock outperformed some of its competitors Thursday, as JPMorgan Chase & Co. (JPM) fell 1.48% to $118.31, Bank of America Corp. (BAC) fell 1.23% to $34.45, and Wells Fargo & Co. (WFC) fell 0.26% to $42.00. Trading volume (27.1 M) eclipsed its 50-day average volume of 25.7 M.

Data source: Dow Jones Market Data, FactSet. Data compiled May 19, 2022.

(END) Dow Jones Newswires

May 19, 2022 16:41 ET (20:41 GMT)