Archrock, Inc. (NYSE:AROC) Short Interest Update

Archrock, Inc. (NYSE:AROC) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 5,750,000 shares, a growth of 9.7% from the May 31st total of 5,240,000 shares. Currently, 4.3% of the company’s stock are sold short. Based on an average trading volume of 1,430,000 shares, the days-to-cover ratio is presently 4.0 days.

Archrock Trading Up 2.5 %

AROC stock opened at $20.90 on Thursday. Archrock has a 1-year low of $9.57 and a 1-year high of $21.60. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 1.78. The business’s 50 day moving average is $19.75 and its 200-day moving average is $18.28. The firm has a market cap of $3.27 billion, a P/E ratio of 25.18, a P/E/G ratio of 1.57 and a beta of 1.53.

Archrock (NYSE:AROC) last issued its earnings results on Wednesday, May 1st. The energy company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The company had revenue of $268.49 million for the quarter, compared to the consensus estimate of $260.51 million. Archrock had a net margin of 12.54% and a return on equity of 15.30%. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 EPS. Equities analysts anticipate that Archrock will post 1.07 earnings per share for the current fiscal year.

Archrock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend was Monday, May 6th. Archrock’s dividend payout ratio is currently 79.52%.

Wall Street Analyst Weigh In

AROC has been the subject of several analyst reports. Royal Bank of Canada boosted their target price on Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Stifel Nicolaus upped their price objective on shares of Archrock from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Finally, StockNews.com lowered shares of Archrock from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Archrock presently has an average rating of “Moderate Buy” and a consensus target price of $19.67.

Institutional Trading of Archrock

A number of hedge funds and other institutional investors have recently made changes to their positions in AROC. Blackstone Inc. boosted its position in Archrock by 4,211.9% in the 4th quarter. Blackstone Inc. now owns 5,903,142 shares of the energy company’s stock valued at $90,908,000 after buying an additional 5,766,237 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Archrock by 37.7% during the fourth quarter. Sei Investments Co. now owns 5,113,865 shares of the energy company’s stock valued at $78,753,000 after acquiring an additional 1,399,309 shares during the period. Boston Partners bought a new position in Archrock in the first quarter valued at about $24,875,000. Norges Bank acquired a new stake in Archrock in the fourth quarter worth about $15,958,000. Finally, Vanguard Group Inc. raised its holdings in Archrock by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 18,321,555 shares of the energy company’s stock worth $360,385,000 after purchasing an additional 849,750 shares during the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.

About Archrock

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.