Archrock (NYSE:AROC) Releases Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Archrock (NYSE:AROC) released its earnings results on Tuesday. The energy company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.07), Zacks reports. Archrock had a return on equity of 22.89% and a net margin of 21.45%.

Archrock Trading Up 1.7%

Shares of Archrock stock traded up $0.60 on Tuesday, reaching $35.72. The company had a trading volume of 1,487,077 shares, compared to its average volume of 1,737,192. The firm has a market cap of $6.26 billion, a price-to-earnings ratio of 19.41, a P/E/G ratio of 1.57 and a beta of 0.86. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.41 and a quick ratio of 0.91. The firm’s 50-day moving average price is $36.88 and its two-hundred day moving average price is $35.24. Archrock has a 1 year low of $21.17 and a 1 year high of $42.23.

Archrock Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Tuesday, August 4th will be issued a $0.23 dividend. This is a positive change from Archrock’s previous quarterly dividend of $0.22. The ex-dividend date is Tuesday, August 4th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.6%. Archrock’s dividend payout ratio (DPR) is presently 47.83%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $46.00 target price on shares of Archrock in a research note on Thursday, May 7th. Mizuho increased their price objective on shares of Archrock from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Royal Bank Of Canada raised their price objective on Archrock from $41.00 to $44.00 and gave the company an “outperform” rating in a research report on Tuesday, July 21st. Weiss Ratings raised Archrock from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, July 28th. Finally, Zacks Research downgraded Archrock from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Archrock presently has an average rating of “Buy” and an average price target of $41.71.

Insider Buying and Selling at Archrock

In related news, SVP Jason Ingersoll sold 33,000 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $38.19, for a total value of $1,260,270.00. Following the completion of the sale, the senior vice president directly owned 277,454 shares in the company, valued at $10,595,968.26. This trade represents a 10.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Doug S. Aron sold 35,000 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was 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 in the company, valued at approximately $13,762,607.10. The trade was a 8.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 158,000 shares of company stock worth $5,907,370 in the last 90 days. 2.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. J.W. Cole Advisors Inc. raised its stake in Archrock by 3.6% in the 4th quarter. J.W. Cole Advisors Inc. now owns 12,833 shares of the energy company’s stock valued at $334,000 after purchasing an additional 442 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in Archrock by 1.8% during the 4th quarter. Maryland State Retirement & Pension System now owns 25,723 shares of the energy company’s stock worth $669,000 after purchasing an additional 447 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Archrock by 0.7% during the first 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 in the last quarter. Larson Financial Group LLC raised its position in shares of Archrock by 92.6% in the third quarter. Larson Financial Group LLC now owns 1,647 shares of the energy company’s stock valued at $43,000 after buying an additional 792 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Archrock by 13.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 6,828 shares of the energy company’s stock valued at $179,000 after buying an additional 806 shares during the last quarter. Institutional investors own 95.45% of the company’s stock.

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.