Archrock, Inc. (NYSE:AROC) Receives $26.67 Average Target Price from Analysts

Shares of Archrock, Inc. (NYSE:AROC) have been assigned a consensus recommendation of “Buy” from the six brokerages that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $26.67.

A number of equities research analysts have issued reports on the stock. Citigroup increased their target price on shares of Archrock from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. increased their target price on shares of Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, November 29th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AROC. Brown Brothers Harriman & Co. purchased a new position in Archrock during the 3rd quarter worth $28,000. Wolverine Asset Management LLC grew its position in Archrock by 111.8% during the 4th quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company’s stock worth $37,000 after purchasing an additional 14,200 shares during the last quarter. Continuum Advisory LLC grew its position in Archrock by 5,621.6% during the 3rd quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock worth $43,000 after purchasing an additional 2,080 shares during the last quarter. Millburn Ridgefield Corp purchased a new position in Archrock during the 3rd quarter worth $50,000. Finally, Montag A & Associates Inc. purchased a new position in Archrock during the 4th quarter worth $55,000. 95.45% of the stock is owned by hedge funds and other institutional investors.

Archrock Stock Performance

NYSE:AROC opened at $26.37 on Wednesday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. The stock has a market capitalization of $4.62 billion, a P/E ratio of 28.98, a PEG ratio of 1.60 and a beta of 1.56. The company has a 50 day moving average price of $27.23 and a 200 day moving average price of $24.27. Archrock has a fifty-two week low of $17.27 and a fifty-two week high of $30.44.

Archrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were paid a dividend of $0.19 per share. This is a positive change from Archrock’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 2.88%. The ex-dividend date was Wednesday, February 12th. Archrock’s dividend payout ratio (DPR) is currently 73.08%.

Archrock Company Profile

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.