Archrock, Inc. (NYSE:AROC - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $26.67.
Several equities analysts recently issued reports on AROC shares. Sidoti raised shares of Archrock to a "hold" rating in a report on Wednesday, May 7th. Citigroup lifted their target price on shares of Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th.
View Our Latest Stock Analysis on Archrock
Archrock Price Performance
Shares of Archrock stock traded down $0.17 during midday trading on Friday, hitting $24.83. 1,307,507 shares of the company were exchanged, compared to its average volume of 1,403,872. The firm has a 50 day simple moving average of $24.82 and a 200-day simple moving average of $25.61. 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 firm has a market cap of $4.39 billion, a P/E ratio of 21.04, a PEG ratio of 1.35 and a beta of 1.11. Archrock has a 52 week low of $17.27 and a 52 week high of $30.44.
Archrock (NYSE:AROC - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.03. Archrock had a return on equity of 18.31% and a net margin of 16.38%. The company had revenue of $347.16 million during the quarter, compared to analysts' expectations of $342.98 million. Research analysts forecast that Archrock will post 1.09 earnings per share for the current year.
Archrock declared that its Board of Directors has initiated a share buyback program on Monday, May 5th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the energy company to repurchase up to 1.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its shares are undervalued.
Archrock Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend was Tuesday, May 6th. Archrock's payout ratio is presently 64.41%.
Insider Activity at Archrock
In related news, SVP Jason Ingersoll sold 42,036 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $24.49, for a total value of $1,029,461.64. Following the completion of the transaction, the senior vice president owned 275,911 shares in the company, valued at $6,757,060.39. The trade was a 13.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.60% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of AROC. Vident Advisory LLC boosted its stake in shares of Archrock by 4.9% in the 1st quarter. Vident Advisory LLC now owns 9,032 shares of the energy company's stock valued at $237,000 after purchasing an additional 420 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in Archrock by 1.4% in the first quarter. Chicago Partners Investment Group LLC now owns 38,161 shares of the energy company's stock valued at $1,001,000 after acquiring an additional 521 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in Archrock by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 17,459 shares of the energy company's stock valued at $435,000 after acquiring an additional 553 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Archrock by 4.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,761 shares of the energy company's stock worth $335,000 after acquiring an additional 574 shares during the period. Finally, Ballentine Partners LLC raised its position in shares of Archrock by 6.0% during the 1st quarter. Ballentine Partners LLC now owns 10,133 shares of the energy company's stock valued at $266,000 after acquiring an additional 575 shares during the last quarter. 95.45% of the stock is currently owned by institutional investors.
About Archrock
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Get Free ReportArchrock, 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.
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