Archrock, Inc. (NYSE:AROC) Receives $32.40 Consensus Price Target from Analysts

Archrock, Inc. (NYSE:AROC) has received an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $32.40.

A number of research firms have commented on AROC. Weiss Ratings reiterated a “buy (b)” rating on shares of Archrock in a research note on Wednesday, October 8th. Evercore ISI lifted their price target on Archrock from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th. Royal Bank Of Canada boosted their price objective on Archrock from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday, October 30th. Finally, Zacks Research cut Archrock from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th.

Archrock Stock Performance

Shares of AROC stock opened at $26.19 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 1.01 and a debt-to-equity ratio of 1.80. The company has a market cap of $4.59 billion, a PE ratio of 17.46, a P/E/G ratio of 1.18 and a beta of 0.92. The company’s fifty day simple moving average is $25.08 and its 200-day simple moving average is $24.61. Archrock has a 52 week low of $20.12 and a 52 week high of $30.44.

Archrock (NYSE:AROC) last announced its quarterly earnings results on Wednesday, October 29th. The energy company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Archrock had a net margin of 18.43% and a return on equity of 20.17%. The firm had revenue of $382.43 million during the quarter, compared to analysts’ expectations of $379.29 million. During the same period in the prior year, the company earned $0.28 EPS. The firm’s revenue was up 30.9% on a year-over-year basis. As a group, equities research analysts anticipate that Archrock will post 1.09 EPS for the current year.

Archrock Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Tuesday, November 4th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, November 4th. Archrock’s dividend payout ratio is currently 56.00%.

Insider Buying and Selling

In other Archrock news, SVP Eric W. Thode sold 40,740 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $25.10, for a total transaction of $1,022,574.00. Following the completion of the sale, the senior vice president owned 184,216 shares in the company, valued at $4,623,821.60. The trade was a 18.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AROC. Ameriflex Group Inc. acquired a new stake in Archrock during the third quarter worth about $27,000. Wilmington Savings Fund Society FSB boosted its stake in Archrock by 164.5% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,082 shares of the energy company’s stock valued at $28,000 after acquiring an additional 673 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Archrock by 217.9% during the first quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock valued at $35,000 after purchasing an additional 902 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Archrock during the 3rd quarter worth approximately $34,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Archrock by 49.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,640 shares of the energy company’s stock worth $43,000 after purchasing an additional 546 shares during the last quarter. 95.45% of the stock is owned by institutional investors and hedge funds.

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.