An investigation for investors in NYSE:AROC shares over potential securities laws violations by Archrock and certain of its directors and officers was announced.
Investors who purchased shares of Archrock Inc (NYSE:AROC), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on 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.
On May 13, 2016, NYSE:AROC shares closed at $6.56 per share.
Those who purchased NYSE:AROC shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com