Archrock, Inc. (NYSE:AROC) Short Interest Down 14.5% in March

Archrock, Inc. (NYSE:AROC) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 4,590,000 shares, a decrease of 14.5% from the March 15th total of 5,370,000 shares. Currently, 3.4% of the company’s shares are sold short. Based on an average daily volume of 1,340,000 shares, the days-to-cover ratio is currently 3.4 days.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada increased their target price on shares of Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Archrock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.67.

Institutional Investors Weigh In On Archrock

Several large investors have recently added to or reduced their stakes in the stock. USA Financial Formulas increased its holdings in shares of Archrock by 4,483.8% during the fourth quarter. USA Financial Formulas now owns 1,696 shares of the energy company’s stock valued at $26,000 after purchasing an additional 1,659 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Archrock in the 1st quarter valued at $31,000. Tower Research Capital LLC TRC boosted its position in shares of Archrock by 184.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 3,913 shares of the energy company’s stock valued at $38,000 after purchasing an additional 2,539 shares during the period. GAMMA Investing LLC acquired a new position in shares of Archrock in the 4th quarter valued at $51,000. Finally, Ameritas Investment Partners Inc. boosted its position in Archrock by 13.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 11,489 shares of the energy company’s stock worth $118,000 after acquiring an additional 1,335 shares during the period. 95.45% of the stock is owned by institutional investors and hedge funds.

Archrock Stock Down 1.1 %

NYSE AROC opened at $19.90 on Tuesday. The stock has a market cap of $3.11 billion, a PE ratio of 29.70, a P/E/G ratio of 2.90 and a beta of 1.59. Archrock has a fifty-two week low of $8.78 and a fifty-two week high of $21.40. The business has a 50 day moving average price of $18.64 and a two-hundred day moving average price of $15.87. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.82.

Archrock (NYSE:AROC) last released its earnings results on Wednesday, February 21st. The energy company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. Archrock had a return on equity of 12.63% and a net margin of 10.60%. The company had revenue of $259.60 million during the quarter, compared to analysts’ expectations of $252.42 million. During the same period in the prior year, the business posted $0.07 EPS. The business’s revenue was up 18.6% on a year-over-year basis. As a group, sell-side analysts predict that Archrock will post 0.99 EPS for the current fiscal year.

Archrock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were given a $0.165 dividend. The ex-dividend date of this dividend was Monday, February 5th. This is a positive change from Archrock’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 3.32%. Archrock’s dividend payout ratio (DPR) is currently 98.51%.

Archrock Company Profile

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.