200,000 Shares in Archrock, Inc. $AROC Bought by Crown Advisors Management Inc.

Crown Advisors Management Inc. bought a new position in shares of Archrock, Inc. (NYSE:AROC) during the 2nd quarter, Holdings Channel.com reports. The firm bought 200,000 shares of the energy company’s stock, valued at approximately $8,142,000. Archrock makes up 4.5% of Crown Advisors Management Inc.’s holdings, making the stock its 7th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV increased its stake in shares of Archrock by 1.7% in the first quarter. Nations Financial Group Inc. IA ADV now owns 18,744 shares of the energy company’s stock valued at $652,000 after buying an additional 311 shares during the period. Financial Security Advisor Inc. lifted its stake in shares of Archrock by 3.0% in the fourth quarter. Financial Security Advisor Inc. now owns 12,000 shares of the energy company’s stock worth $312,000 after acquiring an additional 344 shares during the period. Crossmark Global Holdings Inc. lifted its stake in shares of Archrock by 3.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 10,290 shares of the energy company’s stock worth $268,000 after acquiring an additional 366 shares during the period. Severin Investments LLC lifted its stake in shares of Archrock by 2.0% in the fourth quarter. Severin Investments LLC now owns 20,111 shares of the energy company’s stock worth $523,000 after acquiring an additional 400 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its holdings in Archrock by 3.6% in the fourth quarter. J.W. Cole Advisors Inc. now owns 12,833 shares of the energy company’s stock valued at $334,000 after acquiring an additional 442 shares during the last quarter. Institutional investors own 95.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AROC. Wells Fargo & Company decreased their target price on shares of Archrock from $43.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. Stifel Nicolaus set a $41.00 price target on shares of Archrock in a research report on Thursday, May 7th. Citigroup upped their price objective on shares of Archrock from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Raymond James Financial reiterated an “outperform” rating and set a $46.00 price objective on shares of Archrock in a research report on Thursday, May 7th. Finally, Mizuho lifted their target price on shares of Archrock from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Nine investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Archrock has an average rating of “Moderate Buy” and a consensus target price of $41.29.

Archrock Trading Down 0.1%

Shares of AROC stock opened at $34.64 on Monday. The company has a market cap of $6.07 billion, a P/E ratio of 18.62, a PEG ratio of 1.60 and a beta of 0.86. The stock has a 50 day simple moving average of $36.70 and a two-hundred day simple moving average of $35.65. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.94 and a current ratio of 1.39. Archrock, Inc. has a fifty-two week low of $22.88 and a fifty-two week high of $42.23.

Archrock (NYSE:AROC) last issued its quarterly earnings results on Wednesday, August 5th. The energy company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). The business had revenue of $371.24 million during the quarter, compared to analyst estimates of $393.19 million. Archrock had a net margin of 21.84% and a return on equity of 22.22%. Archrock’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share. Research analysts forecast that Archrock, Inc. will post 1.81 earnings per share for the current year.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Tuesday, August 4th were paid a $0.23 dividend. The ex-dividend date was Tuesday, August 4th. This represents a $0.92 annualized dividend and a dividend yield of 2.7%. This is an increase from Archrock’s previous quarterly dividend of $0.22. Archrock’s dividend payout ratio (DPR) is presently 49.46%.

Archrock Company 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.