Archrock, Inc. (AROC) Receives Consensus Recommendation of “Hold” from Analysts
Archrock, Inc. (NYSE:AROC) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $13.15.
Several research firms recently commented on AROC. B. Riley reiterated a “neutral” rating on shares of Archrock in a research note on Wednesday, November 1st. BidaskClub downgraded Archrock from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Royal Bank of Canada reiterated a “buy” rating and issued a $13.00 price objective on shares of Archrock in a research note on Wednesday, September 27th. Zacks Investment Research upgraded Archrock from a “sell” rating to a “hold” rating in a research note on Monday, September 25th. Finally, ValuEngine upgraded Archrock from a “sell” rating to a “hold” rating in a research note on Friday, December 1st.
Several large investors have recently bought and sold shares of AROC. Teachers Advisors LLC raised its position in shares of Archrock by 4.1% in the first quarter. Teachers Advisors LLC now owns 196,241 shares of the energy company’s stock worth $2,433,000 after buying an additional 7,758 shares in the last quarter. Bank of Montreal Can raised its position in shares of Archrock by 15.3% in the second quarter. Bank of Montreal Can now owns 50,000 shares of the energy company’s stock worth $570,000 after buying an additional 6,622 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of Archrock by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 28,900 shares of the energy company’s stock worth $329,000 after buying an additional 200 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Archrock by 32.7% in the second quarter. Russell Investments Group Ltd. now owns 293,213 shares of the energy company’s stock worth $3,344,000 after buying an additional 72,202 shares in the last quarter. Finally, Strs Ohio raised its position in shares of Archrock by 6.1% in the second quarter. Strs Ohio now owns 69,300 shares of the energy company’s stock worth $790,000 after buying an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 90.25% of the company’s stock.
Archrock (NYSE:AROC) traded up $0.10 during trading on Thursday, reaching $9.80. The company had a trading volume of 390,200 shares, compared to its average volume of 557,580. Archrock has a fifty-two week low of $8.30 and a fifty-two week high of $16.40. The company has a current ratio of 1.63, a quick ratio of 0.94 and a debt-to-equity ratio of 1.99.
Archrock (NYSE:AROC) last posted its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). Archrock had a negative net margin of 8.62% and a negative return on equity of 2.93%. The firm had revenue of $197.85 million during the quarter, compared to analysts’ expectations of $202.34 million. During the same quarter in the previous year, the company posted $0.01 EPS. Archrock’s revenue for the quarter was up 1.0% on a year-over-year basis. analysts predict that Archrock will post -0.23 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $0.48 annualized dividend and a dividend yield of 4.90%. Archrock’s dividend payout ratio is currently -48.98%.
Archrock, Inc is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States.
Receive News & Ratings for Archrock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archrock and related companies with Analyst Ratings Network's FREE daily email newsletter.