Archrock, Inc. (NYSE:AROC) Receives $42.29 Consensus PT from Analysts

Archrock, Inc. (NYSE:AROC) has received an average recommendation of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $42.2857.

A number of research analysts recently commented on AROC shares. Raymond James Financial restated an “outperform” rating and issued a $46.00 price target on shares of Archrock in a research report on Thursday, May 7th. Citigroup upped their price objective on shares of Archrock from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Wells Fargo & Company reduced their price objective on shares of Archrock from $43.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Weiss Ratings lowered shares of Archrock from a “buy (a-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Finally, Stifel Nicolaus set a $41.00 target price on shares of Archrock in a research report on Thursday, May 7th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Archrock during the second quarter worth $1,217,511,000. Invesco Ltd. boosted its holdings in shares of Archrock by 5.5% in the 4th quarter. Invesco Ltd. now owns 8,719,020 shares of the energy company’s stock valued at $226,869,000 after purchasing an additional 457,569 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Archrock by 3,778.9% in the 2nd quarter. California State Teachers Retirement System now owns 7,859,880 shares of the energy company’s stock valued at $319,976,000 after purchasing an additional 7,657,246 shares during the last quarter. State Street Corp increased its stake in shares of Archrock by 2.2% in the 4th quarter. State Street Corp now owns 7,018,889 shares of the energy company’s stock valued at $182,631,000 after purchasing an additional 152,312 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings 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 buying an additional 111,218 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Archrock Price Performance

Archrock stock opened at $31.25 on Wednesday. The stock’s fifty day moving average price is $35.93 and its two-hundred day moving average price is $35.78. Archrock has a one year low of $22.88 and a one year high of $42.23. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.39 and a quick ratio of 0.94. The firm has a market cap of $5.48 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86.

Archrock (NYSE:AROC) last announced its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.07). The company had revenue of $371.24 million during the quarter, compared to analyst estimates of $393.19 million. Archrock had a net margin of 21.84% and a return on equity of 22.22%. Archrock’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 earnings per share. As a group, research analysts expect that Archrock will post 1.81 EPS for the current fiscal year.

Archrock Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Tuesday, August 4th were given a dividend of $0.23 per share. The ex-dividend date was Tuesday, August 4th. This represents a $0.92 annualized dividend and a dividend yield of 2.9%. This is a positive change from Archrock’s previous quarterly dividend of $0.22. Archrock’s dividend payout ratio (DPR) is 49.46%.

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.