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

Archrock, Inc. (NYSE:AROC) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $32.40.

AROC has been the topic of several research analyst reports. Evercore ISI lifted their price objective on Archrock from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Archrock in a research note on Wednesday, October 8th. Mizuho boosted their price target on Archrock from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Zacks Research lowered Archrock from a “strong-buy” rating to a “hold” rating in a report 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 stock an “outperform” rating in a report on Thursday, October 30th.

Insiders Place Their Bets

In other 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 in the company, valued at $4,623,821.60. The trade was a 18.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Archrock

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jump Financial LLC acquired a new position in Archrock in the 1st quarter valued at about $5,757,000. First Citizens Bank & Trust Co. raised its position in shares of Archrock by 183.8% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 28,545 shares of the energy company’s stock valued at $709,000 after buying an additional 18,488 shares during the period. Sentry Investment Management LLC acquired a new position in Archrock in the second quarter valued at approximately $319,000. Vanguard Personalized Indexing Management LLC grew its position in Archrock by 8.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,574 shares of the energy company’s stock worth $511,000 after acquiring an additional 1,617 shares during the period. Finally, Hsbc Holdings PLC increased its stake in Archrock by 55.1% during the second quarter. Hsbc Holdings PLC now owns 121,089 shares of the energy company’s stock worth $3,049,000 after acquiring an additional 43,023 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Archrock Price Performance

Archrock stock opened at $25.80 on Friday. The stock has a market capitalization of $4.52 billion, a P/E ratio of 17.20, a P/E/G ratio of 1.34 and a beta of 0.94. The company’s fifty day moving average price is $24.83 and its 200 day moving average price is $24.50. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.01 and a current ratio of 1.56. Archrock has a 1 year low of $20.12 and a 1 year high of $30.44.

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

Archrock Dividend Announcement

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

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.