Investigation Overview
May 06, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Archrock Inc (NYSE:AROC) shares over potential securities laws violations by Archrock and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Archrock Inc (NYSE:AROC) concerning whether a series of statements by Archrock Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On February 25, 2016 Archrock Inc announced its fourth-quarter and full-year 2015 results. Archrock Inc reported that its annual Total Revenue rose from $959.15 million in 2014 to $998.11 million in 2015 while its Net Income of $98.17 million in 2014 turned into a Net Loss of $105.82 milion in 2015. Shares of Archrock Inc (NYSE:AROC) declined from as high as $46.63 per share in August 2014 to as low as $3.40 per share on February 25, 2016.
On May 2, 2016, Archrock Inc declared a dividend of $0.095per share of common stock and provided an operational update for its first quarter 2016.
Shares of Shares of Archrock Inc (NYSE:AROC) declined from $10.13 per share on April 29, 2016 to as low as $5.60 per share on May 3, 2016.