Archrock (NYSE:AROC) Reaches New 1-Year High at $20.19

Shares of Archrock, Inc. (NYSE:AROC - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $20.19 and last traded at $20.14, with a volume of 281334 shares changing hands. The stock had previously closed at $19.80.

Analyst Ratings Changes

Separately, Royal Bank of Canada lifted their price target on shares of Archrock from $20.00 to $21.00 and gave the company an "outperform" rating in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.67.

Archrock Trading Up 4.0 %

The company has a market cap of $3.22 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 2.82 and a beta of 1.59. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.82. The business has a 50-day simple moving average of $17.86 and a 200-day simple moving average of $15.36.

Archrock (NYSE:AROC - Get Free Report) last announced its earnings results on Wednesday, February 21st. The energy company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.21. The company had revenue of $259.60 million for the quarter, compared to analyst estimates of $252.42 million. Archrock had a return on equity of 12.63% and a net margin of 10.60%. The firm's quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.07 earnings per share. On average, analysts predict that Archrock, Inc. will post 1 EPS for the current fiscal year.

Archrock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Shareholders of record on Tuesday, February 6th were given a $0.165 dividend. This is a positive change from Archrock's previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.66 dividend on an annualized basis and a yield of 3.21%. Archrock's payout ratio is presently 98.51%.

Institutional Trading of Archrock

A number of large investors have recently modified their holdings of the stock. Blackstone Inc. grew its stake in shares of Archrock by 4,211.9% during the fourth quarter. Blackstone Inc. now owns 5,903,142 shares of the energy company's stock worth $90,908,000 after purchasing an additional 5,766,237 shares in the last quarter. Invesco Ltd. grew its stake in shares of Archrock by 18.3% during the first quarter. Invesco Ltd. now owns 9,454,203 shares of the energy company's stock worth $87,262,000 after purchasing an additional 1,462,659 shares in the last quarter. Sei Investments Co. grew its stake in shares of Archrock by 37.7% during the fourth quarter. Sei Investments Co. now owns 5,113,865 shares of the energy company's stock worth $78,753,000 after purchasing an additional 1,399,309 shares in the last quarter. Norges Bank acquired a new position in shares of Archrock during the fourth quarter worth $11,380,000. Finally, Vanguard Group Inc. grew its stake in shares of Archrock by 5.9% during the third quarter. Vanguard Group Inc. now owns 17,248,507 shares of the energy company's stock worth $110,735,000 after purchasing an additional 963,291 shares in the last quarter. Hedge funds and other 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.