Wexford Capital LP Purchases Shares of 12,957 Archrock, Inc. (NYSE:AROC)

Wexford Capital LP purchased a new stake in Archrock, Inc. (NYSE:AROC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 12,957 shares of the energy company's stock, valued at approximately $322,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of AROC. Barclays PLC lifted its holdings in Archrock by 124.2% in the 3rd quarter. Barclays PLC now owns 302,610 shares of the energy company's stock valued at $6,125,000 after acquiring an additional 167,648 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in Archrock during the 4th quarter worth about $683,000. Ballentine Partners LLC acquired a new stake in Archrock during the 4th quarter worth about $238,000. Nisa Investment Advisors LLC raised its holdings in Archrock by 1.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 61,383 shares of the energy company's stock worth $1,528,000 after buying an additional 1,108 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in Archrock by 4.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 369,165 shares of the energy company's stock worth $9,189,000 after buying an additional 15,824 shares during the period. 95.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, SVP Jason Ingersoll sold 42,036 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $24.49, for a total value of $1,029,461.64. Following the transaction, the senior vice president now owns 275,911 shares in the company, valued at approximately $6,757,060.39. This represents a 13.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Sidoti upgraded Archrock to a "hold" rating in a report on Wednesday, May 7th. Citigroup boosted their price objective on Archrock from $32.00 to $33.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $26.67.

Archrock Stock Up 1.3%

Shares of NYSE AROC traded up $0.32 during mid-day trading on Friday, reaching $24.80. The company had a trading volume of 931,342 shares, compared to its average volume of 1,437,244. The stock has a fifty day moving average of $24.52 and a two-hundred day moving average of $25.57. 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 company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 27.25, a PEG ratio of 1.60 and a beta of 1.19. Archrock, Inc. has a 12-month low of $17.27 and a 12-month high of $30.44.

Archrock (NYSE:AROC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. The business 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%. As a group, equities research analysts expect that Archrock, Inc. will post 1.09 EPS for the current year.

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

Archrock Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Tuesday, May 6th. Archrock's dividend payout ratio (DPR) is 64.41%.

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.