Jason Ingersoll Sells 33,000 Shares of Archrock (NYSE:AROC) Stock

Archrock, Inc. (NYSE:AROC) SVP Jason Ingersoll sold 33,000 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $38.19, for a total value of $1,260,270.00. Following the transaction, the senior vice president directly owned 277,454 shares of the company’s stock, valued at approximately $10,595,968.26. This represents a 10.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Archrock Stock Down 1.9%

Shares of NYSE:AROC traded down $0.75 on Tuesday, hitting $37.87. 216,225 shares of the company’s stock were exchanged, compared to its average volume of 1,622,014. The firm’s 50-day moving average is $36.34 and its 200 day moving average is $30.64. The company has a market capitalization of $6.64 billion, a PE ratio of 20.59, a P/E/G ratio of 1.60 and a beta of 0.94. Archrock, Inc. has a 1-year low of $21.17 and a 1-year high of $40.12. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.91 and a current ratio of 1.41.

Archrock (NYSE:AROC) last released its quarterly earnings data on Tuesday, May 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.05). The business had revenue of $373.77 million for the quarter, compared to analyst estimates of $378.36 million. Archrock had a return on equity of 22.89% and a net margin of 21.45%.The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Sell-side analysts predict that Archrock, Inc. will post 1.95 EPS for the current year.

Archrock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 12th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, May 12th. Archrock’s dividend payout ratio is currently 47.83%.

Analyst Upgrades and Downgrades

AROC has been the subject of several analyst reports. Weiss Ratings raised Archrock from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada upped their price objective on Archrock from $32.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, March 16th. Zacks Research cut Archrock from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. Dawson James reissued an “outperform” rating on shares of Archrock in a research report on Wednesday, February 25th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $46.00 target price on shares of Archrock in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Archrock currently has a consensus rating of “Buy” and an average price target of $40.86.

Institutional Trading of Archrock

A number of hedge funds have recently added to or reduced their stakes in AROC. American Century Companies Inc. raised its stake in shares of Archrock by 3.3% during the 3rd quarter. American Century Companies Inc. now owns 6,077,999 shares of the energy company’s stock worth $159,912,000 after buying an additional 191,914 shares in the last quarter. Allianz Asset Management GmbH raised its stake in shares of Archrock by 19.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 264,991 shares of the energy company’s stock worth $6,972,000 after buying an additional 43,872 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Archrock by 17.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 438,624 shares of the energy company’s stock worth $11,540,000 after buying an additional 64,041 shares in the last quarter. Stephens Investment Management Group LLC purchased a new position in shares of Archrock during the 4th quarter worth approximately $32,904,000. Finally, Fox Run Management L.L.C. purchased a new position in shares of Archrock during the 3rd quarter worth approximately $1,657,000. 95.45% of the stock is owned by institutional investors and hedge funds.

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.