Archrock, Inc. (NYSE:AROC) Receives Consensus Recommendation of “Buy” from Analysts

Archrock, Inc. (NYSE:AROC) has been given a consensus rating of “Buy” by the ten ratings firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $41.1429.

A number of research analysts recently weighed in on the company. Raymond James Financial reissued an “outperform” rating and set a $46.00 target price on shares of Archrock in a report on Thursday, May 7th. Royal Bank Of Canada raised their target price on shares of Archrock from $32.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, March 16th. Stifel Nicolaus set a $41.00 price objective on Archrock in a report on Thursday, May 7th. Weiss Ratings raised shares of Archrock from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 6th. Finally, Mizuho lifted their price target on shares of Archrock from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd.

Insiders Place Their Bets

In related news, SVP Jason Ingersoll sold 33,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the senior vice president owned 277,454 shares of the company’s stock, valued at $10,595,968.26. The trade was a 10.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Doug S. Aron sold 35,000 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $38.30, for a total transaction of $1,340,500.00. Following the sale, the chief financial officer directly owned 359,337 shares of the company’s stock, valued at $13,762,607.10. This represents a 8.88% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 158,000 shares of company stock valued at $5,907,370. Corporate insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Archrock

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV increased its stake in Archrock by 1.7% in the first quarter. Nations Financial Group Inc. IA ADV now owns 18,744 shares of the energy company’s stock valued at $652,000 after acquiring an additional 311 shares during the last quarter. Financial Security Advisor Inc. lifted its stake in Archrock by 3.0% during the fourth quarter. Financial Security Advisor Inc. now owns 12,000 shares of the energy company’s stock worth $312,000 after purchasing an additional 344 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in shares of Archrock by 3.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 10,290 shares of the energy company’s stock valued at $268,000 after purchasing an additional 366 shares in the last quarter. Severin Investments LLC boosted its holdings in shares of Archrock by 2.0% in the 4th quarter. Severin Investments LLC now owns 20,111 shares of the energy company’s stock valued at $523,000 after purchasing an additional 400 shares in the last quarter. Finally, Sound Income Strategies LLC increased its stake in shares of 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 purchasing an additional 403 shares during the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Archrock Stock Performance

Shares of AROC stock traded up $0.69 on Tuesday, reaching $37.23. The stock had a trading volume of 30,496 shares, compared to its average volume of 1,753,222. The company has a quick ratio of 0.91, a current ratio of 1.41 and a debt-to-equity ratio of 1.57. The firm’s 50-day moving average is $37.11 and its two-hundred day moving average is $33.64. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 20.24, a P/E/G ratio of 1.61 and a beta of 0.84. Archrock has a 12 month low of $21.17 and a 12 month high of $42.23.

Archrock (NYSE:AROC) last posted its quarterly earnings results on Tuesday, May 5th. The energy company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.05). The business had revenue of $373.77 million for the quarter, compared to the consensus estimate of $378.36 million. Archrock had a return on equity of 22.89% and a net margin of 21.45%.The company’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, research analysts expect that Archrock will post 1.9 EPS for the current fiscal year.

Archrock Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 12th were issued a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.88 annualized dividend and a yield of 2.4%. Archrock’s payout ratio is currently 47.83%.

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.