Brokerages Set Archrock, Inc. (NYSE:AROC) Price Target at $25.17

Archrock, Inc. (NYSE:AROC) has been given a consensus recommendation of “Buy” by the six research firms that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $25.17.

Several research firms have commented on AROC. JPMorgan Chase & Co. increased their price objective on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Royal Bank of Canada raised their price target on Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Citigroup started coverage on Archrock in a research report on Friday, September 27th. They set a “buy” rating and a $24.00 target price for the company. Mizuho initiated coverage on shares of Archrock in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $24.00 price target on the stock. Finally, Evercore ISI started coverage on shares of Archrock in a research report on Wednesday, September 25th. They set an “outperform” rating and a $24.00 price objective for the company.

Archrock Stock Performance

NYSE AROC opened at $25.39 on Friday. The business has a 50-day moving average price of $24.31 and a 200-day moving average price of $21.75. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 27.90 and a beta of 1.58. Archrock has a twelve month low of $14.39 and a twelve month high of $27.05. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73.

Archrock (NYSE:AROC) last announced its quarterly earnings data on Monday, November 11th. The energy company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Archrock had a net margin of 13.34% and a return on equity of 16.24%. The business had revenue of $292.16 million during the quarter, compared to analyst estimates of $286.19 million. During the same period last year, the firm posted $0.20 EPS. The company’s revenue was up 15.3% on a year-over-year basis. As a group, equities research analysts predict that Archrock will post 1.09 EPS for the current fiscal year.

Archrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, November 6th were given a dividend of $0.175 per share. This is a boost from Archrock’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.70 dividend on an annualized basis and a yield of 2.76%. Archrock’s payout ratio is 76.92%.

Institutional Trading of Archrock

Several institutional investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. purchased a new stake in shares of Archrock in the third quarter worth approximately $28,000. Wolff Wiese Magana LLC bought a new position in Archrock in the 3rd quarter valued at $30,000. Continuum Advisory LLC increased its stake in Archrock by 5,621.6% in the third quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock worth $43,000 after purchasing an additional 2,080 shares during the period. Millburn Ridgefield Corp bought a new stake in shares of Archrock during the third quarter worth $50,000. Finally, Quarry LP purchased a new stake in shares of Archrock during the second quarter valued at $52,000. Institutional investors own 95.45% of the company’s stock.

Archrock Company Profile

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.