Brokerages Set Archrock, Inc. (NYSE:AROC) PT at $26.67

Shares of Archrock, Inc. (NYSE:AROC - Get Free Report) have received an average recommendation of "Moderate Buy" from the six research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $27.00.

Separately, Sidoti upgraded Archrock to a "hold" rating in a research report on Wednesday, May 7th.

Insider Transactions at Archrock

In other news, SVP Jason Ingersoll sold 42,036 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $24.49, for a total transaction of $1,029,461.64. Following the sale, the senior vice president owned 275,911 shares of the company's stock, valued at approximately $6,757,060.39. This trade represents a 13.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Archrock

Several hedge funds and other institutional investors have recently made changes to their positions in AROC. Farther Finance Advisors LLC grew its stake in shares of Archrock by 164.8% in the 1st quarter. Farther Finance Advisors LLC now owns 964 shares of the energy company's stock valued at $26,000 after purchasing an additional 600 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Archrock during the first quarter worth $33,000. Jones Financial Companies Lllp lifted its position in shares of Archrock by 217.9% in the first quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company's stock valued at $35,000 after acquiring an additional 902 shares in the last quarter. TCTC Holdings LLC lifted its position in shares of Archrock by 119.6% in the first quarter. TCTC Holdings LLC now owns 1,599 shares of the energy company's stock valued at $42,000 after acquiring an additional 871 shares in the last quarter. Finally, Bayforest Capital Ltd purchased a new stake in shares of Archrock in the first quarter valued at $47,000. Institutional investors and hedge funds own 95.45% of the company's stock.

Archrock Stock Down 0.2%

Archrock stock traded down $0.06 during midday trading on Tuesday, reaching $23.32. The company's stock had a trading volume of 1,280,017 shares, compared to its average volume of 1,465,374. Archrock has a 52-week low of $17.26 and a 52-week high of $30.44. The stock has a market capitalization of $4.12 billion, a P/E ratio of 19.76, a PEG ratio of 1.26 and a beta of 1.08. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.47 and a quick ratio of 0.96. The stock's 50-day simple moving average is $24.51 and its 200-day simple moving average is $25.42.

Archrock (NYSE:AROC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The energy company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $347.16 million during the quarter, compared to analysts' expectations of $342.98 million. Archrock had a return on equity of 18.31% and a net margin of 16.38%. On average, sell-side analysts expect that Archrock will post 1.09 EPS for the current year.

Archrock Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th will be paid a dividend of $0.21 per share. This is a positive change from Archrock's previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Tuesday, August 5th. This represents a $0.84 annualized dividend and a yield of 3.60%. Archrock's dividend payout ratio is presently 64.41%.

Archrock announced that its board has initiated a share repurchase plan on Monday, May 5th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the energy company to buy up to 1.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

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.