Archrock, Inc. (NYSE:AROC) Given Consensus Recommendation of "Buy" by Analysts

Shares of Archrock, Inc. (NYSE:AROC - Get Free Report) have been assigned an average recommendation of "Buy" from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have issued a report on the stock in the last year is $26.67.

Separately, Citigroup increased their target price on Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a report on Tuesday, March 18th.

Archrock Trading Down 0.0 %

Shares of AROC stock opened at $23.91 on Thursday. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 26.28, a PEG ratio of 1.60 and a beta of 1.19. The company's fifty day simple moving average is $24.40 and its two-hundred day simple moving average is $25.15. Archrock has a 1 year low of $17.27 and a 1 year high of $30.44. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82.

Archrock (NYSE:AROC - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The energy company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03. The company had revenue of $347.16 million for the quarter, compared to analysts' expectations of $342.98 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. As a group, analysts anticipate that Archrock will post 1.09 earnings per share for the current year.

Archrock Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.76 dividend on an annualized basis and a yield of 3.18%. Archrock's dividend payout ratio is currently 73.08%.

Archrock announced that its board has approved a share buyback plan on Monday, May 5th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the energy company to reacquire up to 1.2% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

Institutional Trading of Archrock

Institutional investors have recently added to or reduced their stakes in the business. Atria Investments Inc boosted its position in shares of Archrock by 17.4% during the fourth quarter. Atria Investments Inc now owns 38,313 shares of the energy company's stock valued at $954,000 after buying an additional 5,665 shares during the last quarter. Barclays PLC boosted its holdings in shares of Archrock by 124.2% during the 3rd quarter. Barclays PLC now owns 302,610 shares of the energy company's stock valued at $6,125,000 after acquiring an additional 167,648 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Archrock by 94.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 422,383 shares of the energy company's stock valued at $8,549,000 after acquiring an additional 205,241 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Archrock in the fourth quarter worth approximately $242,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Archrock by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,358,092 shares of the energy company's stock valued at $58,693,000 after purchasing an additional 34,272 shares during the last quarter. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

About Archrock

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.

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