Archrock (NYSE:AROC) Reaches New 52-Week High at $21.50

Shares of Archrock, Inc. (NYSE:AROC - Get Free Report) hit a new 52-week high during trading on Monday . The stock traded as high as $21.50 and last traded at $21.50, with a volume of 945 shares changing hands. The stock had previously closed at $21.08.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada increased 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 research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Archrock presently has an average rating of "Moderate Buy" and a consensus target price of $17.67.

Archrock Stock Down 0.9 %

The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.86 and a current ratio of 1.40. The firm has a market capitalization of $3.26 billion, a PE ratio of 31.18, a PEG ratio of 3.03 and a beta of 1.59. The company's 50 day simple moving average is $18.24 and its 200-day simple moving average is $15.60.

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

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Tuesday, February 6th were paid a dividend of $0.165 per share. This is a boost from Archrock's previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend was Monday, February 5th. Archrock's dividend payout ratio (DPR) is 98.51%.

Institutional Investors Weigh In On Archrock

A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Archrock by 2.1% during the 2nd quarter. BlackRock Inc. now owns 24,365,307 shares of the energy company's stock worth $249,744,000 after acquiring an additional 506,399 shares during the period. Vanguard Group Inc. boosted its holdings in Archrock by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 17,471,805 shares of the energy company's stock worth $269,066,000 after acquiring an additional 62,200 shares in the last quarter. Earnest Partners LLC boosted its holdings in Archrock by 2.7% in the third quarter. Earnest Partners LLC now owns 12,552,460 shares of the energy company's stock worth $158,161,000 after acquiring an additional 327,411 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Archrock by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,624,601 shares of the energy company's stock worth $163,620,000 after purchasing an additional 145,397 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Archrock by 18.3% in 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 during the last quarter. Institutional investors own 95.45% of the company's stock.

Archrock Company Profile

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.