Analysts Set Archrock, Inc. (NYSE:AROC) Target Price at $41.14

Archrock, Inc. (NYSE:AROC) has been assigned an average rating of “Buy” from the ten ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $41.1429.

AROC has been the topic of a number of research reports. Stifel Nicolaus set a $41.00 price target on Archrock in a research report on Thursday, May 7th. Raymond James Financial reiterated an “outperform” rating and set a $46.00 price target on shares of Archrock in a research report on Thursday, May 7th. Wall Street Zen cut Archrock from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Dawson James reiterated an “outperform” rating on shares of Archrock in a research report on Wednesday, February 25th. Finally, Wells Fargo & Company increased their price target on Archrock from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th.

Archrock Stock Up 4.1%

Shares of Archrock stock opened at $36.92 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.91 and a debt-to-equity ratio of 1.57. The business’s 50 day simple moving average is $36.43 and its 200-day simple moving average is $32.50. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 1.52 and a beta of 0.87. Archrock has a twelve month low of $21.17 and a twelve month high of $40.12.

Archrock (NYSE:AROC) last announced its quarterly earnings results on Tuesday, May 5th. The energy company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.05). The company had revenue of $373.77 million for the quarter, compared to analyst estimates of $378.36 million. Archrock had a return on equity of 22.89% and a net margin of 21.45%.The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Equities research analysts forecast that Archrock will post 1.95 earnings per share for the current year.

Archrock Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 12th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.4%. The ex-dividend date was Tuesday, May 12th. Archrock’s dividend payout ratio (DPR) is currently 47.83%.

Insider Activity at Archrock

In related news, SVP Jason Ingersoll sold 33,000 shares of the firm’s stock in a transaction that occurred 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Doug S. Aron sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were 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. This represents a 8.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 327,550 shares of company stock worth $11,861,703. 2.90% of the stock is owned by insiders.

Institutional Trading of Archrock

Large investors have recently added to or reduced their stakes in the business. Valued Wealth Advisors LLC acquired a new stake in Archrock in the 1st quarter valued at approximately $26,000. Sound Income Strategies LLC increased its position in Archrock by 71.0% in the 4th quarter. Sound Income Strategies LLC now owns 971 shares of the energy company’s stock valued at $26,000 after acquiring an additional 403 shares during the period. Ameriflex Group Inc. acquired a new stake in Archrock in the 3rd quarter valued at approximately $27,000. Garton & Associates Financial Advisors LLC acquired a new stake in Archrock in the 4th quarter valued at approximately $27,000. Finally, Summit Securities Group LLC acquired a new stake in Archrock in the 1st quarter valued at approximately $36,000. 95.45% of the stock is currently owned by institutional investors and hedge funds.

About Archrock

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.