Archrock, Inc. (NYSE:AROC) Receives $25.17 Average PT from Analysts

Archrock, Inc. (NYSE:AROC) has earned an average recommendation of “Buy” from the six research firms that are covering the company, MarketBeat.com reports. Six research 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.

AROC has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Royal Bank of Canada upped their target price on shares of Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th.

Archrock Trading Down 2.0 %

Shares of AROC stock opened at $25.85 on Friday. Archrock has a fifty-two week low of $17.26 and a fifty-two week high of $30.44. The company has a 50 day moving average price of $27.10 and a 200 day moving average price of $23.56. The stock has a market capitalization of $4.53 billion, a P/E ratio of 28.41, a price-to-earnings-growth ratio of 1.65 and a beta of 1.57. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26.

Archrock (NYSE:AROC) last posted its quarterly earnings results on Monday, February 24th. The energy company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. Archrock had a net margin of 13.34% and a return on equity of 16.24%. Equities research analysts predict 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, February 19th. Stockholders of record on Wednesday, February 12th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.94%. This is an increase from Archrock’s previous quarterly dividend of $0.18. Archrock’s dividend payout ratio is presently 83.52%.

Institutional Investors Weigh In On Archrock

Several institutional investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. acquired a new stake in Archrock during the third quarter worth approximately $28,000. Wolverine Asset Management LLC grew its position in shares of Archrock by 111.8% in the 4th quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company’s stock valued at $37,000 after buying an additional 14,200 shares during the last quarter. Continuum Advisory LLC raised its stake 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 in the last quarter. Millburn Ridgefield Corp purchased a new stake in Archrock in the third quarter valued at $50,000. Finally, Montag A & Associates Inc. acquired a new position in Archrock in the fourth quarter valued at $55,000. Hedge funds and other 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.