Archrock (NYSE:AROC) CFO Sells $3,306,600.00 in Stock

Archrock, Inc. (NYSE:AROC) CFO Doug Aron sold 90,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $36.74, for a total transaction of $3,306,600.00. Following the completion of the sale, the chief financial officer directly owned 394,337 shares of the company’s stock, valued at $14,487,941.38. This represents a 18.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Archrock Stock Performance

Shares of Archrock stock opened at $37.28 on Thursday. The company has a market cap of $6.53 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 1.63 and a beta of 0.94. The company has a current ratio of 1.41, a quick ratio of 0.91 and a debt-to-equity ratio of 1.57. The company has a 50 day moving average of $36.42 and a 200-day moving average of $30.82. Archrock, Inc. has a 1-year low of $21.17 and a 1-year high of $40.12.

Archrock (NYSE:AROC) last issued its quarterly earnings data on Tuesday, May 5th. The energy company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.05). The company had revenue of $373.77 million during the quarter, compared to the consensus estimate of $378.36 million. Archrock had a net margin of 21.45% and a return on equity of 22.89%. Archrock’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, equities research analysts forecast that Archrock, Inc. will post 1.95 earnings per share for the current fiscal year.

Archrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 12th were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.88 annualized dividend and a yield of 2.4%. Archrock’s dividend payout ratio is presently 47.83%.

Institutional Investors Weigh In On Archrock

Large investors have recently modified their holdings of the company. Sound Income Strategies LLC increased its position in shares of Archrock by 71.0% during the fourth quarter. Sound Income Strategies LLC now owns 971 shares of the energy company’s stock worth $26,000 after buying an additional 403 shares during the period. Valued Wealth Advisors LLC acquired a new stake in shares of Archrock during the first quarter worth $26,000. Ameriflex Group Inc. acquired a new stake in shares of Archrock during the third quarter worth $27,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Archrock during the fourth quarter worth $27,000. Finally, Wilmington Savings Fund Society FSB increased its position in shares of Archrock by 164.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,082 shares of the energy company’s stock worth $28,000 after buying an additional 673 shares during the period. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on AROC shares. Mizuho increased their price objective on shares of Archrock from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Thursday, April 2nd. Zacks Research cut shares of Archrock from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. Dawson James reaffirmed an “outperform” rating on shares of Archrock in a research note on Wednesday, February 25th. Weiss Ratings raised shares of Archrock from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 6th. Finally, Citigroup boosted their price objective on shares of Archrock from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Archrock has a consensus rating of “Buy” and an average price target of $40.86.

Archrock Company Profile

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.