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

Shares of Archrock, Inc. (NYSE:AROC) have received a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $42.2857.

A number of research analysts have recently commented on AROC shares. Wells Fargo & Company dropped their price objective on Archrock from $43.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. Raymond James Financial restated an “outperform” rating and set a $46.00 target price on shares of Archrock in a research note on Thursday, May 7th. Stifel Nicolaus set a $41.00 price target on Archrock in a report on Thursday, May 7th. Weiss Ratings lowered shares of Archrock from a “buy (a-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Finally, Evercore set a $40.00 price objective on shares of Archrock in a report on Monday, August 17th.

Institutional Investors Weigh In On Archrock

Several hedge funds have recently modified their holdings of AROC. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Archrock by 15,293.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 138,388 shares of the energy company’s stock valued at $3,601,000 after acquiring an additional 137,489 shares in the last quarter. Marietta Investment Partners LLC purchased a new position in Archrock during the fourth quarter worth about $1,611,000. BlackRock Inc. purchased a new position in Archrock during the second quarter worth about $1,217,511,000. Natixis Advisors LLC lifted its position in Archrock by 22.4% in the fourth quarter. Natixis Advisors LLC now owns 1,685,080 shares of the energy company’s stock valued at $43,846,000 after purchasing an additional 308,246 shares during the period. Finally, Algert Global LLC lifted its position in Archrock by 85.8% in the second quarter. Algert Global LLC now owns 225,040 shares of the energy company’s stock valued at $9,161,000 after purchasing an additional 103,890 shares during the period. 95.45% of the stock is owned by institutional investors and hedge funds.

Archrock Stock Performance

Shares of AROC stock opened at $31.25 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 0.94 and a debt-to-equity ratio of 1.51. The firm has a fifty day moving average price of $35.93 and a 200 day moving average price of $35.80. The company has a market cap of $5.48 billion, a P/E ratio of 16.80, a PEG ratio of 1.51 and a beta of 0.86. Archrock has a 12 month low of $22.88 and a 12 month high of $42.23.

Archrock (NYSE:AROC) last posted its quarterly earnings results on Wednesday, August 5th. The energy company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates 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%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 earnings per share. Sell-side analysts predict that Archrock will post 1.73 earnings per share for the current fiscal year.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Tuesday, August 4th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $0.92 annualized dividend and a yield of 2.9%. This is a boost from Archrock’s previous quarterly dividend of $0.22. Archrock’s dividend payout ratio (DPR) is currently 49.46%.

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.