Insider Selling: Archrock (NYSE:AROC) CFO Sells $1,340,500.00 in Stock

Archrock, Inc. (NYSE:AROC) CFO Doug Aron sold 35,000 shares of Archrock stock in a transaction on Monday, May 18th. The shares were sold at an average price of $38.30, for a total transaction of $1,340,500.00. Following the completion of the sale, the chief financial officer owned 359,337 shares in the company, valued at $13,762,607.10. The trade was a 8.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Archrock Stock Down 2.0%

Shares of AROC stock opened at $37.28 on Thursday. The company has a current ratio of 1.41, a quick ratio of 0.91 and a debt-to-equity ratio of 1.57. Archrock, Inc. has a 1 year low of $21.17 and a 1 year high of $40.12. The firm’s fifty day moving average price is $36.42 and its two-hundred day moving average price is $30.82. The firm has a market capitalization of $6.53 billion, a P/E ratio of 20.26, a PEG ratio of 1.63 and a beta of 0.94.

Archrock (NYSE:AROC) last issued its quarterly earnings results on Tuesday, May 5th. The energy company reported $0.42 earnings per share (EPS) 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 business had revenue of $373.77 million during the quarter, compared to analyst estimates of $378.36 million. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, equities analysts predict that Archrock, Inc. will post 1.95 EPS for the current fiscal year.

Archrock Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 12th were given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, May 12th. Archrock’s dividend payout ratio (DPR) is 47.83%.

Institutional Trading of Archrock

Several hedge funds and other institutional investors have recently modified their holdings of AROC. Royal Bank of Canada boosted its holdings in shares of Archrock by 0.7% during the 1st quarter. Royal Bank of Canada now owns 95,866 shares of the energy company’s stock worth $2,514,000 after buying an additional 667 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Archrock by 217.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock worth $35,000 after buying an additional 902 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Archrock by 482.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,699 shares of the energy company’s stock worth $67,000 after buying an additional 2,236 shares during the period. First Trust Advisors LP boosted its holdings in shares of Archrock by 24.6% during the 2nd quarter. First Trust Advisors LP now owns 279,100 shares of the energy company’s stock worth $6,930,000 after buying an additional 55,059 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Archrock by 19.8% during the 2nd quarter. Daiwa Securities Group Inc. now owns 9,700 shares of the energy company’s stock worth $241,000 after buying an additional 1,600 shares during the period. Institutional investors own 95.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Royal Bank Of Canada lifted their price objective on shares of Archrock from $32.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, March 16th. Mizuho lifted their price objective on shares of Archrock from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, April 2nd. Wall Street Zen downgraded shares of Archrock from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Dawson James reissued an “outperform” rating on shares of Archrock in a research report on Wednesday, February 25th. Finally, Citigroup lifted their price objective on shares of Archrock from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Archrock presently has a consensus rating of “Buy” and a consensus price target of $40.86.

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.