Stephens Inc. AR Takes Position in Archrock, Inc. $AROC

Stephens Inc. AR purchased a new stake in shares of Archrock, Inc. (NYSE:AROC) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 19,532 shares of the energy company’s stock, valued at approximately $508,000.

A number of other large investors have also recently modified their holdings of AROC. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Archrock during the 4th quarter valued at about $61,144,000. HITE Hedge Asset Management LLC bought a new stake in shares of Archrock during the 3rd quarter valued at about $19,603,000. Balyasny Asset Management L.P. bought a new stake in shares of Archrock during the 2nd quarter valued at about $16,027,000. Millennium Management LLC boosted its position in shares of Archrock by 43.8% during the 3rd quarter. Millennium Management LLC now owns 2,009,230 shares of the energy company’s stock valued at $52,863,000 after acquiring an additional 611,773 shares during the last quarter. Finally, Focus Partners Wealth boosted its position in shares of Archrock by 5,825.5% during the 3rd quarter. Focus Partners Wealth now owns 483,996 shares of the energy company’s stock valued at $12,734,000 after acquiring an additional 475,828 shares during the last quarter. Institutional investors own 95.45% of the company’s stock.

Archrock Stock Performance

Shares of AROC stock opened at $36.91 on Friday. 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, Inc. has a fifty-two week low of $21.17 and a fifty-two week high of $40.12. The stock has a 50 day moving average price of $36.44 and a two-hundred day moving average price of $30.90. The company has a market capitalization of $6.47 billion, a P/E ratio of 20.06, a PEG ratio of 1.59 and a beta of 0.94.

Archrock (NYSE:AROC) last announced its quarterly earnings data on Tuesday, May 5th. The energy company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.05). Archrock had a net margin of 21.45% and a return on equity of 22.89%. The company had revenue of $373.77 million during the quarter, compared to the consensus estimate of $378.36 million. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. Analysts expect that Archrock, Inc. will post 1.95 earnings per share for the current year.

Archrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 12th were given a $0.22 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.88 annualized dividend and a yield of 2.4%. Archrock’s payout ratio is presently 47.83%.

Insider Buying and Selling at Archrock

In other Archrock news, SVP Jason Ingersoll sold 33,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the senior vice president owned 277,454 shares in the company, valued at approximately $10,595,968.26. The trade was a 10.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Doug S. Aron sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $38.30, for a total value of $1,340,500.00. Following the transaction, the chief financial officer directly owned 359,337 shares in the company, valued at $13,762,607.10. This trade represents a 8.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 337,963 shares of company stock worth $12,244,277. 2.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Archrock from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Mizuho boosted their target price on Archrock from $32.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, April 2nd. Dawson James restated an “outperform” rating on shares of Archrock in a research report on Wednesday, February 25th. Stifel Nicolaus set a $41.00 target price on Archrock in a research report on Thursday, May 7th. Finally, 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 research report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $40.86.

Archrock 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.