Brokerages Set Archrock, Inc. (NYSE:AROC) PT at $17.67

Shares of Archrock, Inc. (NYSE:AROC - Get Free Report) have been assigned an average recommendation of "Buy" from the three analysts that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a buy rating. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $17.67.

Separately, Royal Bank of Canada increased their target price on Archrock from $20.00 to $21.00 and gave the company an "outperform" rating in a report on Thursday, March 28th.

Institutional Trading of Archrock

Hedge funds and other institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in Archrock by 66.8% during the first quarter. JPMorgan Chase & Co. now owns 669,028 shares of the energy company's stock valued at $6,175,000 after buying an additional 267,886 shares in the last quarter. Citigroup Inc. grew its position in Archrock by 6.8% during the first quarter. Citigroup Inc. now owns 129,456 shares of the energy company's stock worth $1,194,000 after buying an additional 8,210 shares in the last quarter. Natixis Advisors L.P. acquired a new stake in Archrock during the first quarter worth about $308,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Archrock during the first quarter worth about $1,081,000. Finally, MetLife Investment Management LLC grew its position in Archrock by 53.7% during the first quarter. MetLife Investment Management LLC now owns 75,819 shares of the energy company's stock worth $700,000 after buying an additional 26,498 shares in the last quarter. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Archrock Stock Down 0.9 %

NYSE AROC traded down $0.19 on Monday, hitting $20.89. 1,798,914 shares of the stock traded hands, compared to its average volume of 1,341,018. The company has a market capitalization of $3.26 billion, a P/E ratio of 31.18, a price-to-earnings-growth ratio of 3.03 and a beta of 1.59. The stock has a 50-day moving average of $18.24 and a 200 day moving average of $15.60. Archrock has a twelve month low of $8.78 and a twelve month high of $21.40. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.82.

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

Archrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 3.16%. 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. Archrock's dividend payout ratio (DPR) is currently 98.51%.

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.