Archrock, Inc. (NYSE:AROC) Stock Has Consensus Price Target of $42.12 According to Analysts

Archrock, Inc. (NYSE:AROC) has received an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and ten have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $42.12.

AROC has been the topic of several research reports. Royal Bank Of Canada upped their target price on Archrock from $44.00 to $46.00 and gave the company an “outperform” rating in a research report on Monday, August 17th. Weiss Ratings cut Archrock from a “buy (a-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Evercore set a $40.00 price target on Archrock in a report on Monday, August 17th. Zacks Research downgraded Archrock from a “hold” rating to a “strong sell” rating in a research note on Monday, August 31st. Finally, JPMorgan Chase & Co. reduced their price target on Archrock from $42.00 to $41.00 and set an “overweight” rating for the company in a research note on Thursday, October 8th.

Archrock Stock Up 0.9%

Archrock stock opened at $29.50 on Thursday. The stock has a market cap of $5.17 billion, a P/E ratio of 15.86, a P/E/G ratio of 1.43 and a beta of 0.92. The company has a quick ratio of 0.94, a current ratio of 1.39 and a debt-to-equity ratio of 1.51. Archrock has a twelve month low of $22.88 and a twelve month high of $42.23. The company’s 50-day moving average price is $31.48 and its two-hundred day moving average price is $34.85.

Archrock (NYSE:AROC) last issued its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). Archrock had a return on equity of 22.22% and a net margin of 21.84%. The company had revenue of $371.24 million for the quarter, compared to analyst estimates of $393.19 million. During the same quarter last year, the business earned $0.39 earnings per share. The company’s revenue was down 3.1% on a year-over-year basis. As a group, analysts expect that Archrock will post 1.72 EPS for the current year.

Archrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Tuesday, August 4th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.1%. The ex-dividend date was Tuesday, August 4th. This is a positive change from Archrock’s previous quarterly dividend of $0.22. Archrock’s dividend payout ratio (DPR) is 49.46%.

Institutional Investors Weigh In On Archrock

Institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Archrock in the second quarter valued at about $1,217,511,000. Bank of America Corp DE bought a new position in Archrock during the second quarter worth about $262,070,000. Vaughan Nelson Investment Management L.P. increased its position in Archrock by 6.5% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,502,235 shares of the energy company’s stock worth $87,078,000 after acquiring an additional 152,360 shares during the period. Bank of New York Mellon Corp acquired a new stake in Archrock in the 2nd quarter worth about $84,463,000. Finally, Congress Asset Management Co. raised its stake in Archrock by 14.4% in the 3rd quarter. Congress Asset Management Co. now owns 2,532,464 shares of the energy company’s stock worth $76,708,000 after purchasing an additional 319,256 shares in the last quarter. Institutional investors own 95.45% of the company’s stock.

Archrock Company Profile

Archrock, Inc (NYSE: AROC) is a Houston-based provider of natural gas compression services and equipment. The company supports the production, gathering, processing, transportation and storage of natural gas by supplying compression infrastructure that helps maintain pressure and move gas through energy systems.

Archrock’s principal business is contract compression, in which it owns and operates a fleet of natural gas compressors and provides them to customers under service agreements.