Archrock (NYSE:AROC) CFO Doug Aron Sells 98,050 Shares

Archrock, Inc. (NYSE:AROC) CFO Doug Aron sold 98,050 shares of the stock in a transaction on Monday, March 30th. The shares were sold at an average price of $34.76, for a total value of $3,408,218.00. Following the sale, the chief financial officer owned 484,337 shares in the company, valued at $16,835,554.12. The trade was a 16.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Archrock Stock Performance

Shares of NYSE:AROC opened at $34.69 on Friday. The company has a market capitalization of $6.08 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 1.42 and a beta of 0.91. The firm’s 50-day moving average is $33.61 and its 200 day moving average is $28.09. Archrock, Inc. has a 12 month low of $20.12 and a 12 month high of $37.72. The company has a current ratio of 1.54, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62.

Archrock (NYSE:AROC) last announced its quarterly earnings data on Wednesday, February 25th. The energy company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.40 by $0.29. The company had revenue of $377.07 million for the quarter, compared to the consensus estimate of $378.04 million. Archrock had a return on equity of 23.57% and a net margin of 21.63%.Archrock’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 EPS. Research analysts predict that Archrock, Inc. will post 1.09 EPS for the current year.

Archrock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Tuesday, February 10th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.5%. This is a positive change from Archrock’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, February 10th. Archrock’s payout ratio is 48.09%.

Institutional Trading of Archrock

A number of institutional investors have recently bought and sold shares of the business. Financial Security Advisor Inc. boosted its holdings in shares of Archrock by 3.0% in the 4th quarter. Financial Security Advisor Inc. now owns 12,000 shares of the energy company’s stock valued at $312,000 after buying an additional 344 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Archrock by 3.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 10,290 shares of the energy company’s stock worth $268,000 after purchasing an additional 366 shares during the last quarter. Severin Investments LLC grew its holdings in shares of Archrock by 2.0% during the fourth quarter. Severin Investments LLC now owns 20,111 shares of the energy company’s stock worth $523,000 after purchasing an additional 400 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of Archrock by 71.0% during the fourth quarter. Sound Income Strategies LLC now owns 971 shares of the energy company’s stock worth $26,000 after purchasing an additional 403 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in shares of Archrock by 3.0% in the 3rd quarter. Allworth Financial LP now owns 15,030 shares of the energy company’s stock valued at $395,000 after purchasing an additional 436 shares during the last quarter. 95.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AROC. Stifel Nicolaus increased their price target on shares of Archrock from $31.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Raymond James Financial reiterated an “outperform” rating and set a $40.00 price target on shares of Archrock in a research report on Wednesday, February 25th. Dawson James restated an “outperform” rating on shares of Archrock in a research report on Wednesday, February 25th. Royal Bank Of Canada boosted their target price on Archrock from $32.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, March 16th. Finally, Zacks Research raised shares of Archrock from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $39.00.

About Archrock

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.