Archrock, Inc. (AROC) Receives $13.80 Consensus Target Price from Analysts
Archrock, Inc. (NYSE:AROC) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $13.80.
A number of analysts have recently issued reports on the stock. ValuEngine raised shares of Archrock from a “strong sell” rating to a “sell” rating in a research report on Monday, May 7th. FBR & Co increased their price target on shares of Archrock from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, May 9th. Zacks Investment Research lowered shares of Archrock from a “buy” rating to a “hold” rating in a research report on Thursday, May 10th. B. Riley raised shares of Archrock from a “neutral” rating to a “buy” rating and increased their price target for the stock from $12.00 to $14.00 in a research report on Wednesday, May 9th. Finally, JPMorgan Chase raised shares of Archrock from a “neutral” rating to an “overweight” rating and set a $13.00 price target for the company in a research report on Thursday, March 22nd.
A number of institutional investors and hedge funds have recently modified their holdings of AROC. Trexquant Investment LP raised its position in shares of Archrock by 11.1% in the first quarter. Trexquant Investment LP now owns 66,355 shares of the energy company’s stock valued at $581,000 after purchasing an additional 6,647 shares during the period. Teachers Retirement System of The State of Kentucky raised its position in shares of Archrock by 31.6% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 27,900 shares of the energy company’s stock valued at $293,000 after purchasing an additional 6,700 shares during the period. ClariVest Asset Management LLC raised its position in shares of Archrock by 2.8% in the first quarter. ClariVest Asset Management LLC now owns 245,244 shares of the energy company’s stock valued at $2,145,000 after purchasing an additional 6,777 shares during the period. CIBC Asset Management Inc bought a new position in shares of Archrock in the fourth quarter valued at approximately $106,000. Finally, Amalgamated Bank bought a new position in shares of Archrock in the fourth quarter valued at approximately $106,000. 91.27% of the stock is currently owned by hedge funds and other institutional investors.
Archrock (NYSE:AROC) last announced its earnings results on Thursday, May 3rd. The energy company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $212.00 million during the quarter, compared to analyst estimates of $204.88 million. Archrock had a negative return on equity of 1.00% and a net margin of 3.28%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.11) earnings per share. equities analysts predict that Archrock will post 0.22 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Tuesday, May 8th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.05%. The ex-dividend date was Monday, May 7th. Archrock’s payout ratio is presently -240.00%.
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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