Archrock, Inc. (NYSE:AROC) Given Average Rating of “Moderate Buy” by Brokerages

Archrock, Inc. (NYSE:AROC) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $32.40.

Several equities analysts recently weighed in on AROC shares. Evercore ISI raised their target price on shares of Archrock from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Archrock in a research report on Wednesday, October 8th. Zacks Research lowered shares of Archrock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, Royal Bank Of Canada upped their target price on shares of Archrock from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, October 30th.

Insider Activity at Archrock

In related news, SVP Eric W. Thode sold 40,740 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $25.10, for a total transaction of $1,022,574.00. Following the transaction, the senior vice president directly owned 184,216 shares of the company’s stock, valued at approximately $4,623,821.60. The trade was a 18.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.60% of the company’s stock.

Institutional Trading of Archrock

Several hedge funds have recently added to or reduced their stakes in AROC. Ameriflex Group Inc. acquired a new position in Archrock in the 3rd quarter valued at $27,000. Wilmington Savings Fund Society FSB grew its stake in shares of Archrock by 164.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,082 shares of the energy company’s stock valued at $28,000 after acquiring an additional 673 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in shares of Archrock in the third quarter valued at about $34,000. Jones Financial Companies Lllp increased its position in Archrock by 217.9% during the first quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock worth $35,000 after acquiring an additional 902 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Archrock by 49.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,640 shares of the energy company’s stock worth $43,000 after purchasing an additional 546 shares in the last quarter. 95.45% of the stock is owned by institutional investors and hedge funds.

Archrock Price Performance

Shares of NYSE AROC opened at $25.40 on Tuesday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.56 and a quick ratio of 1.01. The business has a 50-day moving average of $25.02 and a 200-day moving average of $24.58. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 1.17 and a beta of 0.92. Archrock has a fifty-two week low of $20.12 and a fifty-two week high of $30.44.

Archrock (NYSE:AROC) last posted its quarterly earnings results on Wednesday, October 29th. The energy company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The firm had revenue of $382.43 million during the quarter, compared to the consensus estimate of $379.29 million. Archrock had a return on equity of 20.17% and a net margin of 18.43%.The business’s revenue was up 30.9% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. As a group, sell-side analysts predict that Archrock will post 1.09 earnings per share for the current fiscal year.

Archrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Tuesday, November 4th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, November 4th. Archrock’s dividend payout ratio (DPR) is presently 56.00%.

Archrock Company Profile

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.