Archrock, Inc. (NYSE:AROC) Receives $41.14 Consensus Price Target from Analysts

Shares of Archrock, Inc. (NYSE:AROC) have been given an average recommendation of “Buy” by the ten research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $41.1429.

A number of equities research analysts have issued reports on AROC shares. Mizuho increased their price target on Archrock from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Royal Bank Of Canada boosted their price objective on Archrock from $32.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, March 16th. Wells Fargo & Company upped their target price on shares of Archrock from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Zacks Research cut shares of Archrock from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $46.00 price target on shares of Archrock in a research note on Thursday, May 7th.

Insider Buying and Selling at Archrock

In other Archrock news, SVP Jason Ingersoll sold 33,000 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $38.19, for a total transaction of $1,260,270.00. Following the transaction, the senior vice president directly owned 277,454 shares of the company’s stock, valued at approximately $10,595,968.26. This trade represents a 10.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Doug S. Aron sold 90,000 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $36.74, for a total value of $3,306,600.00. Following the transaction, the chief financial officer directly owned 394,337 shares in the company, valued at approximately $14,487,941.38. This represents a 18.58% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 158,000 shares of company stock valued at $5,907,370. Company insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Invesco Ltd. lifted its holdings in Archrock by 5.5% in the fourth quarter. Invesco Ltd. now owns 8,719,020 shares of the energy company’s stock valued at $226,869,000 after acquiring an additional 457,569 shares during the period. State Street Corp grew its stake in shares of Archrock by 2.2% during the 4th quarter. State Street Corp now owns 7,018,889 shares of the energy company’s stock worth $182,631,000 after purchasing an additional 152,312 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Archrock by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,833,290 shares of the energy company’s stock worth $177,805,000 after purchasing an additional 111,218 shares during the period. Sei Investments Co. increased its holdings in shares of Archrock by 3.5% in the 3rd quarter. Sei Investments Co. now owns 5,499,093 shares of the energy company’s stock valued at $144,681,000 after purchasing an additional 187,252 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Archrock by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 4,163,783 shares of the energy company’s stock valued at $108,359,000 after purchasing an additional 84,715 shares in the last quarter. 95.45% of the stock is owned by hedge funds and other institutional investors.

Archrock Price Performance

AROC stock opened at $38.03 on Tuesday. The business has a fifty day moving average of $37.17 and a two-hundred day moving average of $34.10. The company has a quick ratio of 0.91, a current ratio of 1.41 and a debt-to-equity ratio of 1.57. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 1.69 and a beta of 0.84. Archrock has a 52-week low of $21.17 and a 52-week high of $42.23.

Archrock (NYSE:AROC) last released its quarterly earnings results on Tuesday, May 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.05). The company had revenue of $373.77 million during the quarter, compared to analysts’ expectations 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, research analysts anticipate that Archrock will post 1.9 earnings per share for the current year.

Archrock Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 12th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, May 12th. Archrock’s dividend payout ratio is 47.83%.

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.