Archrock, Inc. (NYSE:AROC) Receives $31.50 Average PT from Analysts

by · The Cerbat Gem

Archrock, Inc. (NYSE:AROC – Get Free Report) has been given an average rating of “Moderate Buy” by the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $31.50.

A number of brokerages have recently commented on AROC. Weiss Ratings reissued a “buy (b)” rating on shares of Archrock in a report on Wednesday, October 8th. Evercore ISI upped their target price on Archrock from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Zacks Research lowered shares of Archrock from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Mizuho boosted their price objective on shares of Archrock from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, Wells Fargo & Company assumed coverage on shares of Archrock in a report on Wednesday, September 3rd. They set an “overweight” rating and a $30.00 price objective for the company.

Get Our Latest Stock Report on Archrock

Archrock Stock Performance

Shares of AROC opened at $24.15 on Monday. The firm has a market cap of $4.23 billion, a price-to-earnings ratio of 16.10, a price-to-earnings-growth ratio of 1.29 and a beta of 1.11. The company’s fifty day moving average is $24.73 and its 200-day moving average is $24.50. The company has a quick ratio of 1.30, a current ratio of 1.81 and a debt-to-equity ratio of 1.86. Archrock has a 12 month low of $20.12 and a 12 month high of $30.44.

Archrock (NYSE:AROC – Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The energy company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The firm had revenue of $382.43 million during the quarter, compared to analysts’ expectations of $379.29 million. Archrock had a net margin of 18.43% and a return on equity of 20.40%. Archrock’s revenue for the quarter was up 30.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 earnings per share. Equities analysts expect that Archrock will post 1.09 EPS for the current fiscal year.

Archrock Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Tuesday, November 4th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Tuesday, November 4th. Archrock’s dividend payout ratio is 56.00%.

Insider Activity

In other news, Director Jason C. Rebrook bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were acquired at an average cost of $23.94 per share, with a total value of $119,700.00. Following the completion of the transaction, the director directly owned 79,511 shares in the company, valued at $1,903,493.34. This represents a 6.71% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Eric W. Thode sold 40,740 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $25.10, for a total value of $1,022,574.00. Following the sale, the senior vice president owned 184,216 shares in the company, valued at approximately $4,623,821.60. This represents a 18.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vident Advisory LLC increased its position in shares of Archrock by 4.9% during the 1st quarter. Vident Advisory LLC now owns 9,032 shares of the energy company’s stock worth $237,000 after purchasing an additional 420 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Archrock by 0.8% during the third quarter. Nisa Investment Advisors LLC now owns 60,026 shares of the energy company’s stock worth $1,579,000 after buying an additional 478 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Archrock by 3.3% during the second quarter. PNC Financial Services Group Inc. now owns 15,247 shares of the energy company’s stock worth $379,000 after buying an additional 490 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in shares of Archrock by 1.4% during the first quarter. Chicago Partners Investment Group LLC now owns 38,161 shares of the energy company’s stock worth $1,001,000 after buying an additional 521 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in shares of Archrock by 49.9% in the third quarter. Farther Finance Advisors LLC now owns 1,640 shares of the energy company’s stock valued at $43,000 after acquiring an additional 546 shares during the last quarter. 95.45% of the stock is owned by institutional investors.

About Archrock

(Get Free Report)

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.

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