The IBD SmartSelect Composite Rating for Archrock rose from 93 to 97 Tuesday.
The new score indicates the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The market's biggest winners often have a 95 or higher rating in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.
Archrock has now climbed above a proper buy zone after clearing the 21.87 entry in a cup with handle.
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The stock sports a 99 EPS Rating, meaning its recent quarterly and annual earnings growth tops 99% of all stocks.
Its Accumulation/Distribution Rating of D shows moderate selling by institutional investors over the last 13 weeks. Look for the rating to improve to at least a C or better.
In Q4, the company reported 67% earnings-per-share growth. Top line growth increased 26%, up from 15% in the prior report. That marks two consecutive reports with rising growth.
Archrock holds the No. 1 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. Baker Hughes and DNOW are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
