An investigation for investors in Archrock Inc (NYSE:AROC) shares over potential securities laws violations by Archrock was announced and NYSE:AROC stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/10/2016 -- An investigation on behalf of investors of Archrock Inc (NYSE:AROC) shares over potential securities laws violations in connection certain financial statements was announced.
Investors who purchased shares of Archrock Inc (NYSE:AROC), have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm focuses on whether certain statements regarding Archrock Inc's 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 million 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 6, 2016, NYSE:AROC shares closed at $7.34 per share.
Those who purchased shares of Archrock Inc have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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