Archrock (NYSE:AROC) Stock Rating Upgraded by Sidoti

Sidoti upgraded shares of Archrock (NYSE:AROC - Free Report) to a hold rating in a research report released on Wednesday morning,Zacks.com reports.

Separately, Citigroup boosted their price objective on shares of Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a research report on Tuesday, March 18th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, Archrock currently has a consensus rating of "Moderate Buy" and an average price target of $26.67.

Archrock Stock Performance

Shares of AROC stock traded up $0.34 during mid-day trading on Wednesday, reaching $24.70. 805,394 shares of the company's stock traded hands, compared to its average volume of 1,467,698. Archrock has a 12 month low of $17.27 and a 12 month high of $30.44. The firm has a 50 day moving average price of $24.36 and a two-hundred day moving average price of $25.27. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. The firm has a market capitalization of $4.33 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19.

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 net margin of 13.34% and a return on equity of 16.24%. The firm had revenue of $347.16 million during the quarter, compared to the consensus estimate of $342.98 million. On average, research analysts forecast that Archrock will post 1.09 EPS for the current year.

Archrock Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Tuesday, May 6th. Archrock's dividend payout ratio is currently 64.41%.

Archrock declared that its Board of Directors has authorized a stock repurchase program on Monday, May 5th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the energy company to buy up to 1.2% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its holdings in shares of Archrock by 164.8% during 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. bought a new position in shares of Archrock during the 1st quarter valued at about $33,000. Wolverine Asset Management LLC boosted its holdings in shares of Archrock by 111.8% during the 4th quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company's stock valued at $37,000 after purchasing an additional 14,200 shares during the last quarter. TCTC Holdings LLC boosted its holdings in shares of Archrock by 119.6% during the 1st quarter. TCTC Holdings LLC now owns 1,599 shares of the energy company's stock valued at $42,000 after purchasing an additional 871 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new position in shares of Archrock during the 1st quarter valued at about $47,000. Institutional investors own 95.45% of the company's stock.

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.