Brokerages Set Archrock, Inc. (NYSE:AROC) Target Price at $25.17

Shares of Archrock, Inc. (NYSE:AROC) have been given a consensus rating of “Buy” by the six brokerages that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $25.17.

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Royal Bank of Canada lifted their price target on Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th.

Archrock Stock Up 3.9 %

Shares of AROC stock opened at $29.97 on Tuesday. The stock’s 50 day simple moving average is $26.38 and its 200 day simple moving average is $22.74. Archrock has a twelve month low of $15.65 and a twelve month high of $30.44. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 1.81 and a beta of 1.58.

Archrock (NYSE:AROC) last issued its quarterly earnings data 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 net margin of 13.34% and a return on equity of 16.24%. The business had revenue of $292.16 million during the quarter, compared to analysts’ expectations of $286.19 million. During the same period in the previous year, the company earned $0.20 earnings per share. Archrock’s revenue for the quarter was up 15.3% on a year-over-year basis. As a group, research analysts predict that Archrock will post 1.12 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new position in Archrock in the third quarter valued at about $28,000. Wolff Wiese Magana LLC acquired a new position in shares of Archrock in the 3rd quarter worth approximately $30,000. Continuum Advisory LLC grew its position in Archrock by 5,621.6% during the 3rd quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock worth $43,000 after acquiring an additional 2,080 shares during the last quarter. Millburn Ridgefield Corp bought a new position in Archrock in the 3rd quarter valued at $50,000. Finally, Quarry LP acquired a new position in Archrock in the second quarter worth $52,000. 95.45% of the stock is owned by institutional investors.

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.