Analysts Set Archrock, Inc. (NYSE:AROC) Price Target at $42.29

Archrock, Inc. (NYSE:AROC) has earned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $42.2857.

Several equities analysts have recently commented on AROC shares. Weiss Ratings cut shares of Archrock from a “buy (a-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Stifel Nicolaus set a $41.00 target price on Archrock in a report on Thursday, May 7th. Mizuho boosted their price target on Archrock from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Royal Bank Of Canada upped their price target on Archrock from $44.00 to $46.00 and gave the company an “outperform” rating in a research report on Monday, August 17th. Finally, Raymond James Financial restated an “outperform” rating and set a $46.00 price objective on shares of Archrock in a research note on Thursday, May 7th.

Archrock Trading Up 0.7%

AROC opened at $31.73 on Wednesday. The stock has a market capitalization of $5.56 billion, a PE ratio of 17.06, a P/E/G ratio of 1.52 and a beta of 0.86. The firm’s fifty day moving average price is $35.65 and its 200 day moving average price is $35.79. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.39 and a quick ratio of 0.94. Archrock has a 12-month low of $22.88 and a 12-month high of $42.23.

Archrock (NYSE:AROC) last posted its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). The company had revenue of $371.24 million for the quarter, compared to the consensus estimate of $393.19 million. Archrock had a net margin of 21.84% and a return on equity of 22.22%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.39 earnings per share. As a group, research analysts expect that Archrock will post 1.73 EPS for the current fiscal year.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Tuesday, August 4th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Tuesday, August 4th. This is an increase from Archrock’s previous quarterly dividend of $0.22. Archrock’s payout ratio is 49.46%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AROC. Valued Wealth Advisors LLC acquired a new stake in Archrock during the first quarter worth about $26,000. Garton & Associates Financial Advisors LLC acquired a new position in Archrock in the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp boosted its stake in Archrock by 217.9% in the first quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock valued at $35,000 after acquiring an additional 902 shares during the period. Summit Securities Group LLC bought a new position in shares of Archrock during the first quarter valued at approximately $36,000. Finally, Covestor Ltd grew its holdings in shares of Archrock by 234.9% during the fourth quarter. Covestor Ltd now owns 1,410 shares of the energy company’s stock valued at $37,000 after purchasing an additional 989 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.