1,437,233 Shares in Archrock, Inc. $AROC Acquired by Energy Income Partners LLC

Key Points

• Energy Income Partners acquired 1.44 million Archrock shares worth approximately $58.5 million, giving it an 0.82% stake. Institutional investors collectively own 95.45% of AROC.
• Analysts maintain a favorable outlook, with nine Buy ratings and one Hold rating. The stock has an average price target of $42.29, implying potential upside from its reported $34.14 price.
• Archrock raised its quarterly dividend to $0.23 per share, or $0.92 annually, for a 2.7% yield. However, its latest quarterly earnings and revenue missed consensus estimates, with EPS of $0.38 and revenue of $371.24 million.

Energy Income Partners LLC acquired a new stake in Archrock, Inc. (NYSE:AROC - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,437,233 shares of the energy company's stock, valued at approximately $58,510,000. Energy Income Partners LLC owned approximately 0.82% of Archrock at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Nations Financial Group Inc. IA ADV raised its stake in shares of Archrock by 1.7% in the first quarter. Nations Financial Group Inc. IA ADV now owns 18,744 shares of the energy company's stock worth $652,000 after purchasing an additional 311 shares during the last quarter. Financial Security Advisor Inc. boosted its position in shares of Archrock by 3.0% during the fourth quarter. Financial Security Advisor Inc. now owns 12,000 shares of the energy company's stock valued at $312,000 after buying an additional 344 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Archrock by 3.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 10,290 shares of the energy company's stock valued at $268,000 after buying an additional 366 shares during the last quarter. Severin Investments LLC increased its holdings in Archrock by 2.0% in the 4th quarter. Severin Investments LLC now owns 20,111 shares of the energy company's stock worth $523,000 after buying an additional 400 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its holdings in Archrock by 3.6% in the 4th quarter. J.W. Cole Advisors Inc. now owns 12,833 shares of the energy company's stock worth $334,000 after buying an additional 442 shares in the last quarter. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on AROC shares. Raymond James Financial restated an "outperform" rating and set a $46.00 target price on shares of Archrock in a research note on Thursday, May 7th. Stifel Nicolaus set a $41.00 price target on shares of Archrock in a research note on Thursday, May 7th. Citigroup boosted their price objective on shares of Archrock from $40.00 to $43.00 and gave the company a "buy" rating in a report on Wednesday, May 13th. Evercore set a $40.00 price objective on shares of Archrock in a research report on Monday. Finally, Mizuho raised their target price on shares of Archrock from $38.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, June 3rd. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $42.29.

Archrock Stock Performance

NYSE:AROC opened at $34.14 on Wednesday. The stock has a 50-day simple moving average of $36.68 and a two-hundred day simple moving average of $35.74. Archrock, Inc. has a 52-week low of $22.88 and a 52-week high of $42.23. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.94 and a current ratio of 1.39. The firm has a market capitalization of $5.99 billion, a PE ratio of 18.36, a P/E/G ratio of 1.60 and a beta of 0.86.

Archrock (NYSE:AROC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.07). The company had revenue of $371.24 million during the quarter, compared to the consensus estimate of $393.19 million. Archrock had a return on equity of 22.22% and a net margin of 21.84%.The firm's quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the business earned $0.39 EPS. Analysts forecast that Archrock, Inc. will post 1.81 EPS for the current year.

Archrock Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Tuesday, August 4th were given a $0.23 dividend. The ex-dividend date was Tuesday, August 4th. This is an increase from Archrock's previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.7%. Archrock's dividend payout ratio (DPR) is currently 49.46%.

About Archrock

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock's offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company's core business activities focus on the design, manufacture, rental and sale of gas compression equipment.

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