StockNews.com Downgrades Archrock (NYSE:AROC) to Hold

StockNews.com lowered shares of Archrock (NYSE:AROC) from a buy rating to a hold rating in a research note released on Tuesday.

A number of other research analysts have also recently issued reports on the company. Royal Bank of Canada lifted their price objective on Archrock from $20.00 to $21.00 and gave the company an outperform rating in a report on Thursday, March 28th. Stifel Nicolaus lifted their price target on Archrock from $20.00 to $23.00 and gave the company a buy rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $19.67.

Archrock Price Performance

Shares of Archrock stock opened at $19.79 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 1.78. The company’s 50-day moving average price is $19.94 and its two-hundred day moving average price is $17.22. Archrock has a 52 week low of $8.92 and a 52 week high of $21.60. The stock has a market cap of $3.09 billion, a PE ratio of 23.77, a price-to-earnings-growth ratio of 1.54 and a beta of 1.58.

Archrock (NYSE:AROC) last posted its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. The firm had revenue of $268.49 million for the quarter, compared to the consensus estimate of $260.51 million. Archrock had a return on equity of 15.30% and a net margin of 12.54%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 EPS. As a group, sell-side analysts anticipate that Archrock will post 1.07 EPS for the current fiscal year.

Archrock Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 3.34%. The ex-dividend date was Monday, May 6th. Archrock’s dividend payout ratio (DPR) is currently 79.52%.

Hedge Funds Weigh In On Archrock

Hedge funds have recently made changes to their positions in the stock. USA Financial Formulas raised its stake in shares of Archrock by 4,483.8% in the fourth quarter. USA Financial Formulas now owns 1,696 shares of the energy company’s stock valued at $26,000 after buying an additional 1,659 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Archrock during the first quarter worth about $43,000. GAMMA Investing LLC purchased a new position in Archrock during the fourth quarter worth about $51,000. Russell Investments Group Ltd. grew its position in Archrock by 70.6% during the first quarter. Russell Investments Group Ltd. now owns 5,946 shares of the energy company’s stock worth $117,000 after buying an additional 2,461 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Archrock during the 1st quarter valued at about $133,000. 95.45% of the stock is currently owned by institutional investors.

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.