Archrock, Inc. (NYSE:AROC) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Archrock, Inc. (NYSE:AROC - Get Free Report) have earned an average rating of "Moderate Buy" from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $26.67.

A number of analysts have recently issued reports on the stock. Sidoti raised shares of Archrock to a "hold" rating in a research note on Wednesday, May 7th. Citigroup upped their target price on shares of Archrock from $32.00 to $33.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th.

Archrock Stock Down 2.2%

Archrock stock traded down $0.57 during mid-day trading on Monday, reaching $25.30. The stock had a trading volume of 528,694 shares, compared to its average volume of 1,422,597. Archrock has a one year low of $17.27 and a one year high of $30.44. The company has a 50-day moving average price of $24.30 and a two-hundred day moving average price of $25.66. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 27.80, a PEG ratio of 1.60 and a beta of 1.19.

Archrock (NYSE:AROC - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The energy company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. The firm had revenue of $347.16 million during the quarter, compared to analyst estimates of $342.98 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. On average, analysts expect that Archrock will post 1.09 EPS for the current fiscal year.

Archrock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th were paid a $0.19 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.00%. Archrock's payout ratio is currently 64.41%.

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

Insider Activity

In other Archrock news, SVP Jason Ingersoll sold 42,036 shares of the firm's stock in a transaction dated 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 sale, the senior vice president now owns 275,911 shares of the company's stock, valued at $6,757,060.39. This trade represents a 13.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.60% of the company's stock.

Institutional Trading of Archrock

A number of hedge funds and other institutional investors have recently bought and sold shares of AROC. Atria Investments Inc increased 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 worth $954,000 after acquiring an additional 5,665 shares during the period. Barclays PLC raised its position in 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 purchasing an additional 167,648 shares in the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Archrock in the fourth quarter valued at about $242,000. Charles Schwab Investment Management Inc. lifted its stake in Archrock by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,358,092 shares of the energy company's stock worth $58,693,000 after acquiring an additional 34,272 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Archrock by 7.5% in the 4th quarter. Principal Financial Group Inc. now owns 916,945 shares of the energy company's stock worth $22,823,000 after purchasing an additional 63,650 shares during the period. Hedge funds and other institutional investors own 95.45% of the company's stock.

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.