Archrock, Inc. (NYSE:AROC) Receives $25.17 Consensus Target Price from Brokerages

Archrock, Inc. (NYSE:AROC) has been assigned an average rating of “Buy” from the six research firms that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued a report on the stock in the last year is $25.17.

Several equities analysts recently commented on the stock. Evercore ISI initiated coverage on shares of Archrock in a report on Wednesday, September 25th. They set an “outperform” rating and a $24.00 target price on the stock. Royal Bank of Canada raised their price objective on Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. boosted their target price on Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Mizuho assumed coverage on Archrock in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $24.00 price target on the stock. Finally, Citigroup initiated coverage on Archrock in a research report on Friday, September 27th. They issued a “buy” rating and a $24.00 price objective for the company.

Institutional Trading of Archrock

Large investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. purchased a new stake in shares of Archrock in the 3rd quarter worth about $28,000. Wolff Wiese Magana LLC purchased a new stake in Archrock in the third quarter worth about $30,000. Continuum Advisory LLC lifted its holdings in Archrock by 5,621.6% in the third quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock worth $43,000 after buying an additional 2,080 shares during the period. Millburn Ridgefield Corp bought a new stake in Archrock during the 3rd quarter valued at approximately $50,000. Finally, Quarry LP purchased a new position in shares of Archrock during the 2nd quarter worth approximately $52,000. Institutional investors own 95.45% of the company’s stock.

Archrock Trading Up 2.7 %

Shares of AROC stock opened at $26.00 on Friday. The business has a 50-day moving average price of $24.20 and a two-hundred day moving average price of $21.69. Archrock has a 12-month low of $14.39 and a 12-month high of $27.05. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. The firm has a market cap of $4.55 billion, a P/E ratio of 28.57 and a beta of 1.58.

Archrock (NYSE:AROC) last released its earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Archrock had a return on equity of 16.24% and a net margin of 13.34%. The company had revenue of $292.16 million during the quarter, compared to the consensus estimate of $286.19 million. During the same quarter in the previous year, the company posted $0.20 EPS. Archrock’s quarterly revenue was up 15.3% compared to the same quarter last year. Equities analysts anticipate that Archrock will post 1.09 EPS for the current fiscal year.

Archrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th were given a $0.175 dividend. This is a positive change from Archrock’s previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date was Wednesday, November 6th. Archrock’s dividend payout ratio (DPR) is currently 76.92%.

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.