Royal Bank of Canada Boosts Archrock (NYSE:AROC) Price Target to $21.00

Archrock (NYSE:AROC - Get Free Report) had its target price raised by equities researchers at Royal Bank of Canada from $20.00 to $21.00 in a report released on Thursday, Benzinga reports. The firm currently has an "outperform" rating on the energy company's stock. Royal Bank of Canada's price objective points to a potential upside of 6.84% from the company's current price.

Archrock Stock Performance

NYSE AROC traded up $0.32 on Thursday, hitting $19.66. 2,063,417 shares of the stock were exchanged, compared to its average volume of 1,296,669. Archrock has a 52 week low of $8.78 and a 52 week high of $20.14. The company has a market capitalization of $3.07 billion, a PE ratio of 29.34, a P/E/G ratio of 2.80 and a beta of 1.58. The business's fifty day moving average is $17.60 and its 200 day moving average is $15.16. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.40 and a quick ratio of 0.86.

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Creative Planning increased its position in Archrock by 6.6% during the 4th quarter. Creative Planning now owns 12,911 shares of the energy company's stock valued at $199,000 after purchasing an additional 803 shares during the period. Captrust Financial Advisors grew its position in shares of Archrock by 3.7% during the 2nd quarter. Captrust Financial Advisors now owns 25,608 shares of the energy company's stock worth $262,000 after buying an additional 907 shares during the period. Advisor Group Holdings Inc. grew its position in shares of Archrock by 2.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 58,600 shares of the energy company's stock worth $526,000 after buying an additional 1,212 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Archrock by 8.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 15,958 shares of the energy company's stock worth $143,000 after buying an additional 1,218 shares during the period. Finally, LPL Financial LLC grew its position in shares of Archrock by 9.3% during the 4th quarter. LPL Financial LLC now owns 14,464 shares of the energy company's stock worth $130,000 after buying an additional 1,231 shares during the period. 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.