Archrock, Inc. (NYSE:AROC) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Archrock, Inc. (NYSE:AROC) has received a consensus recommendation of “Moderate Buy” from seven research firms, with an average 1-year target price of $30.00.
• The company recently announced an increase in its quarterly dividend to $0.21 per share, representing an annual yield of 3.5%.
• Archrock reported a quarterly earnings per share (EPS) of $0.39, exceeding analyst expectations and marking a revenue increase of 41.6% from the previous year.

Shares of Archrock, Inc. (NYSE:AROC - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the seven research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $30.00.

Several equities analysts have commented on the company. Mizuho increased their target price on Archrock from $31.00 to $32.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Evercore ISI dropped their price objective on shares of Archrock from $32.00 to $31.00 and set an "outperform" rating for the company in a report on Wednesday, August 6th. Finally, Wells Fargo & Company began coverage on shares of Archrock in a research report on Wednesday, September 3rd. They issued an "overweight" rating and a $30.00 price target for the company.

Insider Buying and Selling at Archrock

In other news, SVP Eric W. Thode sold 10,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $23.54, for a total value of $235,400.00. Following the completion of the sale, the senior vice president owned 224,809 shares of the company's stock, valued at approximately $5,292,003.86. This represents a 4.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.60% of the company's stock.

Institutional Trading of Archrock

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky lifted its position in shares of Archrock by 34.4% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 55,528 shares of the energy company's stock worth $1,457,000 after purchasing an additional 14,200 shares during the period. KBC Group NV raised its stake in Archrock by 13.2% during the first quarter. KBC Group NV now owns 8,030 shares of the energy company's stock worth $211,000 after buying an additional 937 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Archrock by 26.7% in the first quarter. GAMMA Investing LLC now owns 9,098 shares of the energy company's stock valued at $239,000 after buying an additional 1,917 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Archrock by 53.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 27,402 shares of the energy company's stock valued at $725,000 after acquiring an additional 9,594 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Archrock during the 1st quarter worth about $522,000. Institutional investors and hedge funds own 95.45% of the company's stock.

Archrock Stock Down 0.9%

Shares of NYSE AROC opened at $24.02 on Wednesday. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.25 and a beta of 1.14. The company has a current ratio of 1.81, a quick ratio of 1.30 and a debt-to-equity ratio of 1.86. Archrock has a 12 month low of $18.38 and a 12 month high of $30.44. The stock has a 50-day moving average price of $23.83 and a two-hundred day moving average price of $24.46.

Archrock (NYSE:AROC - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The energy company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. Archrock had a net margin of 17.17% and a return on equity of 18.74%. The business had revenue of $383.15 million during the quarter, compared to the consensus estimate of $366.34 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The firm's revenue was up 41.6% compared to the same quarter last year. As a group, analysts forecast that Archrock will post 1.09 earnings per share for the current fiscal year.

Archrock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Tuesday, August 5th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, August 5th. This is a boost from Archrock's previous quarterly dividend of $0.19. Archrock's dividend payout ratio (DPR) is presently 63.64%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.