Stifel Nicolaus Increases Archrock (NYSE:AROC) Price Target to $23.00

Archrock (NYSE:AROC) had its price target hoisted by investment analysts at Stifel Nicolaus from $20.00 to $23.00 in a report released on Thursday, Benzinga reports. The firm currently has a “buy” rating on the energy company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 13.81% from the stock’s current price.

Separately, Royal Bank of Canada lifted their price objective on Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.67.

Archrock Stock Up 0.9 %

Archrock stock opened at $20.21 on Thursday. The stock’s 50 day moving average price is $19.38 and its 200 day moving average price is $16.51. The company has a market cap of $3.16 billion, a PE ratio of 24.34, a price-to-earnings-growth ratio of 2.79 and a beta of 1.58. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.26 and a quick ratio of 0.86. Archrock has a 1-year low of $8.92 and a 1-year high of $21.40.

Archrock (NYSE:AROC) last released its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. Archrock had a net margin of 12.54% and a return on equity of 15.30%. The firm had revenue of $268.49 million for the quarter, compared to the consensus estimate of $260.51 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. The firm’s revenue was up 3.4% on a year-over-year basis. On average, sell-side analysts predict that Archrock will post 1.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Archrock

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System purchased a new position in Archrock in the 4th quarter valued at about $1,058,000. Chase Investment Counsel Corp purchased a new stake in Archrock during the 4th quarter worth approximately $1,909,000. Blackstone Inc. acquired a new position in shares of Archrock in the 3rd quarter valued at approximately $1,725,000. Envestnet Asset Management Inc. boosted its stake in shares of Archrock by 110.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 971,477 shares of the energy company’s stock valued at $12,241,000 after buying an additional 509,862 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Archrock in the third quarter worth $620,000. 95.45% of the stock is owned by institutional investors and hedge funds.

Archrock Company Profile

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.