Archrock, Inc. (NYSE:AROC) Receives $21.50 Average Target Price from Analysts

Archrock, Inc. (NYSE:AROC) has received a consensus rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $22.33.

Several research firms recently issued reports on AROC. Stifel Nicolaus boosted their price objective on Archrock from $23.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Citigroup started coverage on Archrock in a report on Friday. They set a “buy” rating and a $24.00 price target on the stock. StockNews.com downgraded Archrock from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Royal Bank of Canada restated an “outperform” rating and set a $22.00 price target on shares of Archrock in a report on Wednesday, August 7th. Finally, Evercore ISI started coverage on Archrock in a report on Wednesday. They set an “outperform” rating and a $24.00 price target on the stock.

Archrock Stock Performance

NYSE AROC opened at $20.39 on Wednesday. Archrock has a fifty-two week low of $11.73 and a fifty-two week high of $23.44. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.94 and a current ratio of 1.53. The firm has a market capitalization of $3.19 billion, a P/E ratio of 24.57 and a beta of 1.51. The stock’s fifty day moving average is $19.97 and its two-hundred day moving average is $19.93.

Archrock (NYSE:AROC) last posted its earnings results on Tuesday, July 30th. The energy company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Archrock had a return on equity of 16.35% and a net margin of 13.20%. The company had revenue of $270.53 million for the quarter, compared to the consensus estimate of $270.61 million. On average, research analysts anticipate that Archrock will post 1.07 earnings per share for the current year.

Archrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 3.24%. The ex-dividend date was Tuesday, August 6th. Archrock’s dividend payout ratio is presently 79.52%.

Institutional Trading of Archrock

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC purchased a new position in shares of Archrock during the 1st quarter worth approximately $43,000. Quarry LP purchased a new position in shares of Archrock during the 2nd quarter worth approximately $52,000. CWM LLC raised its stake in shares of Archrock by 382.0% during the 2nd quarter. CWM LLC now owns 3,591 shares of the energy company’s stock worth $73,000 after buying an additional 2,846 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Archrock by 16.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,052 shares of the energy company’s stock worth $82,000 after buying an additional 578 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of Archrock during the 2nd quarter worth approximately $101,000. 95.45% of the stock is owned by hedge funds and other institutional investors.

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.