Archrock Inc (NYSE:AROC) has received an average rating of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $14.54.

A number of research firms have recently weighed in on AROC. Piper Jaffray Companies reissued a “buy” rating and set a $14.75 target price on shares of Archrock in a research report on Tuesday, August 7th. B. Riley increased their target price on shares of Archrock from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Monday, August 6th. TheStreet raised shares of Archrock from a “d+” rating to a “c-” rating in a research report on Wednesday, August 1st. Royal Bank of Canada reissued a “buy” rating and set a $16.00 target price on shares of Archrock in a research report on Friday, August 3rd. Finally, Zacks Investment Research raised shares of Archrock from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Tuesday, July 3rd.

In related news, insider Robert Edward Rice sold 67,554 shares of the firm’s stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $11.70, for a total value of $790,381.80. Following the completion of the transaction, the insider now directly owns 255,451 shares of the company’s stock, valued at approximately $2,988,776.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Doug S. Aron acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The stock was acquired at an average cost of $11.92 per share, with a total value of $119,200.00. Following the completion of the acquisition, the chief financial officer now owns 49,215 shares in the company, valued at approximately $586,642.80. The disclosure for this purchase can be found here. 2.54% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AROC. OppenheimerFunds Inc. boosted its holdings in Archrock by 12,522.4% in the 2nd quarter. OppenheimerFunds Inc. now owns 11,487,159 shares of the energy company’s stock worth $137,846,000 after buying an additional 11,396,153 shares during the period. BlackRock Inc. boosted its holdings in Archrock by 82.9% in the 2nd quarter. BlackRock Inc. now owns 18,435,133 shares of the energy company’s stock worth $221,221,000 after buying an additional 8,355,098 shares during the period. Millennium Management LLC boosted its holdings in Archrock by 570.2% in the 1st quarter. Millennium Management LLC now owns 2,176,905 shares of the energy company’s stock worth $19,048,000 after buying an additional 1,852,114 shares during the period. Global X Management Co LLC purchased a new stake in Archrock in the 2nd quarter worth approximately $14,903,000. Finally, Bank of America Corp DE lifted its stake in Archrock by 41.5% in the 2nd quarter. Bank of America Corp DE now owns 3,384,646 shares of the energy company’s stock worth $40,616,000 after purchasing an additional 992,743 shares in the last quarter. 74.29% of the stock is owned by institutional investors.

NYSE:AROC traded down $0.03 on Tuesday, hitting $12.52. The stock had a trading volume of 16,839 shares, compared to its average volume of 673,098. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.86 and a current ratio of 1.35. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -62.50 and a beta of 2.92. Archrock has a 1 year low of $8.25 and a 1 year high of $13.75.

Archrock (NYSE:AROC) last released its earnings results on Thursday, August 2nd. The energy company reported $0.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.02. Archrock had a net margin of 4.19% and a return on equity of 0.45%. The firm had revenue of $226.87 million during the quarter, compared to the consensus estimate of $216.63 million. sell-side analysts forecast that Archrock will post 0.3 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 14th. Stockholders of record on Tuesday, August 7th were given a dividend of $0.132 per share. This is an increase from Archrock’s previous quarterly dividend of $0.12. This represents a $0.53 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend was Monday, August 6th. Archrock’s dividend payout ratio is currently -265.00%.

Archrock Company Profile

Archrock, Inc engages in the natural gas contract operations services business in the United States. The company provides natural gas compression services to customers in the oil and natural gas industry. It also offers aftermarket services, such as parts and components; and operation, maintenance, overhaul, and reconfiguration services to customers who own compression equipment.

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Analyst Recommendations for Archrock (NYSE:AROC)

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