Archrock, Inc. (NYSE:AROC) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Archrock, Inc. (NYSE:AROC) has received a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $32.40.

A number of brokerages have weighed in on AROC. Zacks Research downgraded Archrock from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Weiss Ratings restated a “buy (b)” rating on shares of Archrock in a research report on Wednesday, October 8th. Evercore ISI lifted their target price on Archrock from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Finally, Royal Bank Of Canada boosted their target price on Archrock from $31.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, October 30th.

Archrock Trading Down 1.4%

Shares of AROC stock opened at $25.40 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 1.01 and a debt-to-equity ratio of 1.80. The stock has a market cap of $4.45 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 1.17 and a beta of 0.92. The stock has a 50 day simple moving average of $25.02 and a 200 day simple moving average of $24.58. Archrock has a 1 year low of $20.12 and a 1 year high of $30.44.

Archrock (NYSE:AROC) last announced its quarterly earnings data on Wednesday, October 29th. The energy company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. Archrock had a net margin of 18.43% and a return on equity of 20.17%. The business had revenue of $382.43 million for the quarter, compared to analysts’ expectations of $379.29 million. During the same period last year, the firm posted $0.28 earnings per share. The firm’s quarterly revenue was up 30.9% compared to the same quarter last year. On average, research analysts predict that Archrock will post 1.09 earnings per share for the current fiscal year.

Archrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Tuesday, November 4th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Tuesday, November 4th. Archrock’s dividend payout ratio is currently 56.00%.

Insider Buying and Selling

In other Archrock news, SVP Eric W. Thode sold 40,740 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $25.10, for a total value of $1,022,574.00. Following the sale, the senior vice president owned 184,216 shares in the company, valued at $4,623,821.60. This trade represents a 18.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 2.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Invesco Ltd. grew its position in Archrock by 1.4% during the 2nd quarter. Invesco Ltd. now owns 9,080,037 shares of the energy company’s stock worth $225,457,000 after acquiring an additional 128,141 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Archrock by 3.2% during the third quarter. Dimensional Fund Advisors LP now owns 6,722,072 shares of the energy company’s stock valued at $176,858,000 after purchasing an additional 207,978 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Archrock by 3.3% during the third quarter. American Century Companies Inc. now owns 6,077,999 shares of the energy company’s stock valued at $159,912,000 after purchasing an additional 191,914 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Archrock by 3.5% during the third quarter. Sei Investments Co. now owns 5,499,093 shares of the energy company’s stock worth $144,681,000 after purchasing an additional 187,252 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Archrock by 1.0% in the second quarter. Geode Capital Management LLC now owns 4,063,469 shares of the energy company’s stock valued at $100,909,000 after buying an additional 42,050 shares during the period. 95.45% of the stock is currently owned by institutional investors.

About Archrock

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.