Archrock, Inc. (NYSE:AROC) Receives Consensus Rating of “Buy” from Brokerages

Shares of Archrock, Inc. (NYSE:AROC) have earned a consensus rating of “Buy” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $36.8571.

A number of analysts have recently issued reports on AROC shares. Wall Street Zen raised shares of Archrock from a “hold” rating to a “buy” rating in a report on Saturday. Dawson James reiterated an “outperform” rating on shares of Archrock in a research note on Wednesday, February 25th. Zacks Research raised Archrock from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Raymond James Financial reiterated an “outperform” rating and set a $40.00 price objective on shares of Archrock in a research report on Wednesday, February 25th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Archrock in a research report on Wednesday, January 21st.

Archrock Price Performance

Shares of NYSE AROC opened at $36.81 on Wednesday. The firm has a market cap of $6.44 billion, a P/E ratio of 20.11, a PEG ratio of 1.53 and a beta of 0.87. Archrock has a twelve month low of $20.12 and a twelve month high of $36.94. The company has a quick ratio of 0.99, a current ratio of 1.54 and a debt-to-equity ratio of 1.62. The company has a 50 day moving average of $29.44 and a 200 day moving average of $26.43.

Archrock (NYSE:AROC) last posted its quarterly earnings results on Tuesday, February 24th. The energy company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.29. Archrock had a return on equity of 23.57% and a net margin of 21.63%.The firm had revenue of $377.07 million during the quarter, compared to analysts’ expectations of $378.04 million. During the same quarter in the previous year, the business earned $0.34 earnings per share. The company’s revenue was up 15.5% on a year-over-year basis. As a group, research analysts expect that Archrock will post 1.09 EPS for the current fiscal year.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Tuesday, February 10th were given a $0.22 dividend. The ex-dividend date was Tuesday, February 10th. This is a boost from Archrock’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a yield of 2.4%. Archrock’s payout ratio is 48.09%.

Hedge Funds Weigh In On Archrock

Institutional investors have recently bought and sold shares of the stock. Financial Security Advisor Inc. increased its position in Archrock by 3.0% in the fourth quarter. Financial Security Advisor Inc. now owns 12,000 shares of the energy company’s stock worth $312,000 after buying an additional 344 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Archrock by 3.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 10,290 shares of the energy company’s stock valued at $268,000 after acquiring an additional 366 shares during the period. Severin Investments LLC increased its holdings in Archrock by 2.0% in the 4th quarter. Severin Investments LLC now owns 20,111 shares of the energy company’s stock worth $523,000 after acquiring an additional 400 shares in the last quarter. Sound Income Strategies LLC raised its stake in Archrock by 71.0% during the 4th quarter. Sound Income Strategies LLC now owns 971 shares of the energy company’s stock worth $26,000 after acquiring an additional 403 shares during the period. Finally, Allworth Financial LP lifted its holdings in Archrock by 3.0% during the third quarter. Allworth Financial LP now owns 15,030 shares of the energy company’s stock valued at $395,000 after purchasing an additional 436 shares in the last quarter. 95.45% of the stock is owned by institutional investors.

Archrock Company Profile

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.