Archrock Inc. (NYSE:AROC) was upgraded by equities research analysts at Capital One Financial Corp. from an “equal weight” rating to an “overweight” rating in a report issued on Monday.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Archrock from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Monday, October 3rd. Simmons started coverage on shares of Archrock in a report on Monday, August 22nd. They issued a “neutral” rating and a $12.25 price target on the stock. RBC Capital Markets raised shares of Archrock from an “underperform” rating to a “sector perform” rating and boosted their target price for the company from $4.00 to $10.00 in a report on Friday, August 5th. Piper Jaffray Cos. started coverage on shares of Archrock in a report on Monday, August 22nd. They set a “neutral” rating on the stock. Finally, Royal Bank Of Canada raised shares of Archrock from an “underperform” rating to a “sector perform” rating and boosted their target price for the company from $4.00 to $10.00 in a report on Friday, August 5th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.97.

Analyst Recommendations for Archrock (NYSE:AROC)

Shares of Archrock (NYSE:AROC) opened at 12.85 on Monday. The company’s 50-day moving average price is $12.26 and its 200-day moving average price is $10.14. Archrock has a 12 month low of $3.41 and a 12 month high of $13.62. The firm’s market cap is $879.90 million.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 17th. Stockholders of record on Thursday, November 10th will be given a dividend of $0.12 per share. This is a positive change from Archrock’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Tuesday, November 8th. Archrock’s payout ratio is -30.77%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AROC. Credit Suisse AG raised its position in Archrock by 2.9% in the third quarter. Credit Suisse AG now owns 136,493 shares of the company’s stock worth $1,787,000 after buying an additional 3,895 shares during the period. Panagora Asset Management Inc. raised its position in Archrock by 82.3% in the third quarter. Panagora Asset Management Inc. now owns 291,208 shares of the company’s stock worth $3,809,000 after buying an additional 131,494 shares during the period. Highbridge Capital Management LLC purchased a new position in Archrock during the third quarter worth approximately $1,691,000. Gotham Asset Management LLC raised its position in Archrock by 122.7% in the third quarter. Gotham Asset Management LLC now owns 841,935 shares of the company’s stock worth $11,013,000 after buying an additional 463,820 shares during the period. Finally, Clinton Group Inc. purchased a new position in Archrock during the third quarter worth approximately $210,000. Hedge funds and other institutional investors own 89.07% of the company’s stock.

About Archrock

Archrock, Inc, formerly Exterran Holdings, 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.

5 Day Chart for NYSE:AROC

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