Jason C. Rebrook Buys 10,000 Shares of Archrock (NYSE:AROC) Stock

Key Points

• Jason Rebrook, a director at Archrock, purchased **10,000 shares** at an average price of **$24.17**, increasing his total holdings to **64,511 shares**.
• Archrock reported **$0.39 earnings per share**, exceeding expectations, with a **41.6% increase in revenue** compared to the same quarter last year.
• The company announced a **dividend increase** to **$0.21 per share**, reflecting a yield of **3.5%** and a payout ratio of **63.64%**.

Archrock, Inc. (NYSE:AROC - Get Free Report) Director Jason C. Rebrook acquired 10,000 shares of Archrock stock in a transaction on Thursday, September 18th. The shares were bought at an average price of $24.17 per share, for a total transaction of $241,700.00. Following the purchase, the director owned 64,511 shares of the company's stock, valued at $1,559,230.87. This represents a 18.34% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Archrock Stock Performance

AROC traded down $0.37 on Friday, hitting $24.09. 3,583,957 shares of the company's stock were exchanged, compared to its average volume of 1,436,521. Archrock, Inc. has a twelve month low of $19.73 and a twelve month high of $30.44. The company has a current ratio of 1.81, a quick ratio of 1.30 and a debt-to-equity ratio of 1.86. The firm has a market cap of $4.24 billion, a PE ratio of 18.25, a P/E/G ratio of 1.24 and a beta of 1.14. The stock has a fifty day moving average of $23.88 and a two-hundred day moving average of $24.36.

Archrock (NYSE:AROC - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The energy company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.02. The firm had revenue of $383.15 million for the quarter, compared to analyst estimates of $366.34 million. Archrock had a net margin of 17.17% and a return on equity of 18.74%. The firm's quarterly revenue was up 41.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 earnings per share. On average, research analysts anticipate that Archrock, Inc. will post 1.09 earnings per share for the current fiscal year.

Archrock Increases Dividend

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

Institutional Trading of Archrock

A number of hedge funds have recently bought and sold shares of AROC. Focus Partners Wealth acquired a new position in Archrock in the 4th quarter worth $209,000. Quantinno Capital Management LP purchased a new position in Archrock during the 4th quarter worth approximately $390,000. ProShare Advisors LLC grew its holdings in shares of Archrock by 44.7% during the 4th quarter. ProShare Advisors LLC now owns 50,458 shares of the energy company's stock valued at $1,256,000 after acquiring an additional 15,599 shares in the last quarter. Westwood Holdings Group Inc. bought a new stake in Archrock in the fourth quarter worth approximately $244,000. Finally, Vident Advisory LLC bought a new stake in Archrock during the fourth quarter valued at about $214,000. Institutional investors and hedge funds own 95.45% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AROC shares. Wells Fargo & Company started coverage on shares of Archrock in a research note on Wednesday, September 3rd. They set an "overweight" rating and a $30.00 price target for the company. 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, Mizuho upped their price objective on shares of Archrock from $31.00 to $32.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Six investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $30.00.

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.