200,000 Shares in Archrock, Inc. $AROC Bought by Crown Advisors Management Inc.

Key Points

• Crown Advisors Management acquired 200,000 Archrock shares worth approximately $8.14 million, making the stock its seventh-largest holding and representing about 4.5% of its portfolio.
• Institutional investors and hedge funds own 95.45% of Archrock, while analysts maintain a “Moderate Buy” consensus with an average price target of $41.29.
• Archrock missed quarterly earnings and revenue estimates, but increased its quarterly dividend to $0.23 per share, implying a 2.7% annualized yield.

Crown Advisors Management Inc. acquired a new stake in Archrock, Inc. (NYSE:AROC - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 200,000 shares of the energy company's stock, valued at approximately $8,142,000. Archrock makes up about 4.5% of Crown Advisors Management Inc.'s holdings, making the stock its 7th biggest holding. Crown Advisors Management Inc. owned approximately 0.11% of Archrock at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in Archrock during the second quarter worth about $84,463,000. Neuberger Berman Group LLC lifted its holdings in shares of Archrock by 9,756.7% in the fourth quarter. Neuberger Berman Group LLC now owns 1,293,002 shares of the energy company's stock worth $33,644,000 after acquiring an additional 1,279,884 shares during the last quarter. Stephens Investment Management Group LLC acquired a new stake in shares of Archrock in the 4th quarter valued at approximately $32,904,000. Norges Bank acquired a new stake in shares of Archrock in the 4th quarter valued at approximately $18,721,000. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Archrock during the 2nd quarter valued at approximately $16,027,000. 95.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AROC has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their price objective on shares of Archrock from $43.00 to $40.00 and set an "overweight" rating for the company in a research report on Thursday, August 6th. Stifel Nicolaus set a $41.00 target price on shares of Archrock in a research report on Thursday, May 7th. Mizuho boosted their target price on shares of Archrock from $38.00 to $40.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 3rd. Citigroup upped their price target on shares of Archrock from $40.00 to $43.00 and gave the stock a "buy" rating in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada increased their price target on Archrock from $41.00 to $44.00 and gave the company an "outperform" rating in a research note on Tuesday, July 21st. Nine research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Archrock has a consensus rating of "Moderate Buy" and a consensus target price of $41.29.

Archrock Stock Performance

Archrock stock opened at $34.64 on Monday. The business has a 50 day moving average of $36.70 and a 200-day moving average of $35.65. Archrock, Inc. has a 1 year low of $22.88 and a 1 year high of $42.23. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.39 and a quick ratio of 0.94. The company has a market capitalization of $6.07 billion, a P/E ratio of 18.62, a P/E/G ratio of 1.60 and a beta of 0.86.

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

Archrock Increases Dividend

The firm 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. This is an increase from Archrock's previous quarterly dividend of $0.22. The ex-dividend date was Tuesday, August 4th. This represents a $0.92 annualized dividend and a yield of 2.7%. Archrock's dividend payout ratio is currently 49.46%.

Archrock Company Profile

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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