Archrock, Inc. (NYSE:AROC) Stock Has Consensus Target Price of $42.12

Archrock, Inc. (NYSE:AROC) has received a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $42.12.

A number of equities research analysts have recently weighed in on AROC shares. Zacks Research downgraded shares of Archrock from a “hold” rating to a “strong sell” rating in a research report on Monday, August 31st. Evercore set a $40.00 price target on Archrock in a research report on Monday, August 17th. Royal Bank Of Canada increased their price target on Archrock from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, August 17th. Wells Fargo & Company lowered their price objective on Archrock from $43.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. lowered their price objective on Archrock from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Thursday, October 8th.

Archrock Stock Performance

NYSE AROC opened at $29.36 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.39 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $5.15 billion, a P/E ratio of 15.78, a P/E/G ratio of 1.43 and a beta of 0.92. Archrock has a 12-month low of $22.88 and a 12-month high of $42.23. The firm has a 50-day moving average price of $31.41 and a two-hundred day moving average price of $34.81.

Archrock (NYSE:AROC) last announced its earnings results on Wednesday, August 5th. The energy company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). Archrock had a return on equity of 22.22% and a net margin of 21.84%. The business had revenue of $371.24 million for the quarter, compared to analyst estimates of $393.19 million. During the same quarter in the previous year, the company earned $0.39 EPS. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. Analysts anticipate that Archrock will post 1.72 earnings per share for the current year.

Archrock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Tuesday, August 4th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Tuesday, August 4th. This is a positive change from Archrock’s previous quarterly dividend of $0.22. Archrock’s dividend payout ratio is currently 49.46%.

Institutional Trading of Archrock

Several large investors have recently modified their holdings of the stock. 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. Concurrent Investment Advisors LLC raised its position in shares of Archrock by 4.2% during the second quarter. Concurrent Investment Advisors LLC now owns 8,856 shares of the energy company’s stock worth $361,000 after acquiring an additional 356 shares during the last quarter. Valued Wealth Advisors LLC bought a new position in shares of Archrock during the first quarter worth about $26,000. Navellier & Associates Inc. raised its position in shares of Archrock by 9.2% during the second quarter. Navellier & Associates Inc. now owns 9,817 shares of the energy company’s stock worth $400,000 after acquiring an additional 823 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its stake in shares of Archrock by 2.2% in the first quarter. Glenmede Trust Co. NA now owns 43,193 shares of the energy company’s stock worth $1,503,000 after acquiring an additional 919 shares during the period. 95.45% of the stock is owned by institutional investors and hedge funds.

Archrock Company Profile

Archrock, Inc (NYSE: AROC) is a Houston-based energy infrastructure company that provides natural gas compression services in the United States. Compression is used to increase the pressure of natural gas so it can move efficiently through gathering systems, processing facilities, transmission pipelines and other midstream infrastructure.

The company operates a fleet of natural gas compressors and primarily serves customers through contract compression arrangements. Its services support a range of applications, including natural gas gathering, processing, transmission, storage and production.