Archrock, Inc. (NYSE:AROC) Given Average Rating of “Buy” by Analysts

Archrock, Inc. (NYSE:AROC) has earned an average rating of “Buy” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $36.8571.

AROC has been the subject of a number of analyst reports. Wall Street Zen downgraded Archrock from a “buy” rating to a “hold” rating in a report on Sunday. Zacks Research raised shares of Archrock from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Raymond James Financial restated an “outperform” rating and set a $40.00 price target on shares of Archrock in a research report on Wednesday, February 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Archrock in a research report on Wednesday, January 21st. Finally, Citigroup raised their price objective on Archrock from $31.00 to $40.00 and gave the company a “buy” rating in a report on Monday, March 2nd.

Insiders Place Their Bets

In other Archrock news, CAO Donna A. Henderson sold 10,413 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $36.74, for a total transaction of $382,573.62. Following the transaction, the chief accounting officer directly owned 27,757 shares of the company’s stock, valued at $1,019,792.18. This trade represents a 27.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.60% of the company’s stock.

Institutional Investors Weigh In On Archrock

Several institutional investors have recently bought and sold shares of AROC. Sound Income Strategies LLC boosted its position in Archrock by 71.0% during the fourth quarter. Sound Income Strategies LLC now owns 971 shares of the energy company’s stock worth $26,000 after acquiring an additional 403 shares during the last quarter. Ameriflex Group Inc. purchased a new position in Archrock in the 3rd quarter worth approximately $27,000. Garton & Associates Financial Advisors LLC purchased a new position in Archrock in the 4th quarter worth approximately $27,000. Wilmington Savings Fund Society FSB boosted its holdings in shares of Archrock by 164.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,082 shares of the energy company’s stock worth $28,000 after purchasing an additional 673 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Archrock during the 4th quarter worth approximately $33,000. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Archrock Trading Up 0.5%

NYSE AROC opened at $36.11 on Wednesday. The company has a market capitalization of $6.32 billion, a PE ratio of 19.73, a P/E/G ratio of 1.49 and a beta of 0.87. The company has a fifty day moving average of $30.46 and a 200 day moving average of $26.83. Archrock has a 1 year low of $20.12 and a 1 year high of $37.26. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.54 and a quick ratio of 0.99.

Archrock (NYSE:AROC) last announced its quarterly earnings results on Tuesday, February 24th. The energy company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.29. The company had revenue of $377.07 million for the quarter, compared to the consensus estimate of $378.04 million. Archrock had a return on equity of 23.57% and a net margin of 21.63%.The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period last year, the firm earned $0.34 EPS. Research analysts forecast that Archrock will post 1.09 earnings per share for the current year.

Archrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Tuesday, February 10th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, February 10th. This is a boost from Archrock’s previous quarterly dividend of $0.21. Archrock’s payout ratio is presently 48.09%.

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.