Insider Selling: Archrock (NYSE:AROC) SVP Sells 40,740 Shares of Stock

Archrock, Inc. (NYSE:AROC) SVP Eric Thode sold 40,740 shares of Archrock 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 transaction, the senior vice president owned 184,216 shares in the company, valued at approximately $4,623,821.60. This trade represents a 18.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Archrock Price Performance

AROC stock traded up $0.43 during trading on Monday, reaching $25.01. The company’s stock had a trading volume of 1,460,901 shares, compared to its average volume of 1,500,060. The company has a quick ratio of 1.30, a current ratio of 1.81 and a debt-to-equity ratio of 1.86. The company’s fifty day moving average is $24.93 and its 200-day moving average is $24.54. The company has a market capitalization of $4.39 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 1.29 and a beta of 1.11. Archrock, Inc. has a 1 year low of $20.12 and a 1 year high of $30.44.

Archrock (NYSE:AROC) last released its quarterly earnings data on Tuesday, October 28th. 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 return on equity of 20.40% and a net margin of 18.43%.The firm had revenue of $382.43 million during the quarter, compared to analyst estimates of $379.29 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The business’s quarterly revenue was up 30.9% compared to the same quarter last year. On average, research analysts expect that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 13th. Shareholders of record on Tuesday, November 4th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 3.4%. The ex-dividend date is Tuesday, November 4th. Archrock’s dividend payout ratio is presently 56.00%.

Institutional Investors Weigh In On Archrock

Several large investors have recently bought and sold shares of AROC. Teacher Retirement System of Texas bought a new stake in shares of Archrock in the 1st quarter worth about $605,000. Cerity Partners LLC boosted its holdings in Archrock by 30.2% during the 1st quarter. Cerity Partners LLC now owns 27,824 shares of the energy company’s stock valued at $730,000 after acquiring an additional 6,457 shares during the period. Xponance Inc. boosted its stake in shares of Archrock by 17.9% during the first quarter. Xponance Inc. now owns 15,129 shares of the energy company’s stock valued at $397,000 after purchasing an additional 2,296 shares during the period. Ballentine Partners LLC boosted its position in Archrock by 6.0% in the 1st quarter. Ballentine Partners LLC now owns 10,133 shares of the energy company’s stock valued at $266,000 after buying an additional 575 shares during the period. Finally, CWM LLC boosted its holdings in shares of Archrock by 7.1% in the first quarter. CWM LLC now owns 12,703 shares of the energy company’s stock valued at $333,000 after purchasing an additional 846 shares during the period. Institutional investors own 95.45% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Evercore ISI lifted their price objective on shares of Archrock from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Wells Fargo & Company started coverage on shares of Archrock in a research note on Wednesday, September 3rd. They set an “overweight” rating and a $30.00 target price for the company. Mizuho lifted their price target on shares of Archrock from $31.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Archrock in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of Archrock from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Archrock presently has a consensus rating of “Buy” and an average target price of $31.50.

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.