Shares of Archrock Inc (NYSE:AROC) have received an average recommendation of “Hold” from the eleven brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $13.13.
AROC has been the topic of a number of research analyst reports. BidaskClub downgraded Archrock from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 11th. Royal Bank of Canada reissued a “buy” rating and issued a $14.00 price target on shares of Archrock in a report on Thursday, January 4th. B. Riley set a $12.00 price target on Archrock and gave the stock a “hold” rating in a report on Thursday, January 11th. ValuEngine raised Archrock from a “sell” rating to a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research downgraded Archrock from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in shares of Archrock by 10.2% in the second quarter. Dimensional Fund Advisors LP now owns 5,818,147 shares of the energy company’s stock worth $66,328,000 after buying an additional 537,271 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Archrock by 38.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,389,302 shares of the energy company’s stock valued at $17,435,000 after buying an additional 386,988 shares in the last quarter. Boston Partners bought a new position in Archrock during the fourth quarter valued at about $2,974,000. FMR LLC raised its holdings in Archrock by 29.1% during the second quarter. FMR LLC now owns 1,107,577 shares of the energy company’s stock valued at $12,626,000 after buying an additional 249,914 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Archrock by 27.6% during the second quarter. Ameriprise Financial Inc. now owns 907,608 shares of the energy company’s stock valued at $10,347,000 after buying an additional 196,255 shares in the last quarter. Hedge funds and other institutional investors own 83.74% of the company’s stock.
Archrock (NYSE:AROC) last issued its quarterly earnings results on Thursday, November 2nd. The energy company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). Archrock had a negative net margin of 8.62% and a negative return on equity of 2.93%. The business had revenue of $197.85 million during the quarter, compared to analysts’ expectations of $202.34 million. During the same period in the prior year, the company posted $0.01 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. sell-side analysts anticipate that Archrock will post -0.27 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Thursday, February 8th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.97%. The ex-dividend date is Wednesday, February 7th. Archrock’s dividend payout ratio is currently -48.98%.
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Archrock Company Profile
Archrock, Inc is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States.
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