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

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

Archrock Price Performance

Shares of AROC stock traded up $1.17 during trading hours on Monday, reaching $38.60. The company had a trading volume of 1,292,205 shares, compared to its average volume of 1,637,382. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.91 and a current ratio of 1.41. The stock has a fifty day moving average of $36.29 and a 200-day moving average of $30.55. The company has a market capitalization of $6.76 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 1.60 and a beta of 0.94. Archrock, Inc. has a 12-month low of $21.17 and a 12-month high of $40.12.

Archrock (NYSE:AROC) last posted its 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). The business had revenue of $373.77 million for the quarter, compared to analyst estimates of $378.36 million. Archrock had a return on equity of 22.89% and a net margin of 21.45%.Archrock’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts anticipate that Archrock, Inc. will post 1.95 earnings per share for the current year.

Archrock Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 12th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.88 annualized dividend and a yield of 2.3%. Archrock’s dividend payout ratio (DPR) is 47.83%.

Analyst Ratings Changes

Several research firms have issued reports on AROC. Royal Bank Of Canada raised their target price on Archrock from $32.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, March 16th. Raymond James Financial reissued an “outperform” rating and set a $46.00 target price on shares of Archrock in a research note on Thursday, May 7th. Zacks Research cut Archrock from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. Wells Fargo & Company raised their target price on Archrock from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, Citigroup raised their target price on Archrock from $40.00 to $43.00 and gave the stock a “buy” rating in a research note 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 given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $40.86.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. American Century Companies Inc. boosted its position in shares of Archrock by 3.3% during the third quarter. American Century Companies Inc. now owns 6,077,999 shares of the energy company’s stock worth $159,912,000 after buying an additional 191,914 shares during the period. Allianz Asset Management GmbH boosted its holdings in Archrock by 19.8% in the third quarter. Allianz Asset Management GmbH now owns 264,991 shares of the energy company’s stock valued at $6,972,000 after purchasing an additional 43,872 shares during the period. JPMorgan Chase & Co. boosted its holdings in Archrock by 17.1% in the third quarter. JPMorgan Chase & Co. now owns 438,624 shares of the energy company’s stock valued at $11,540,000 after purchasing an additional 64,041 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Archrock by 3.2% in the third quarter. Dimensional Fund Advisors LP now owns 6,722,072 shares of the energy company’s stock valued at $176,858,000 after purchasing an additional 207,978 shares during the period. Finally, Diversified Trust Co. purchased a new position in Archrock in the fourth quarter valued at $776,000. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

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.