Archrock (NYSE:AROC) Price Target Raised to $40.00 at Stifel Nicolaus

Archrock (NYSE:AROC) had its price objective upped by analysts at Stifel Nicolaus from $31.00 to $40.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the energy company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 14.14% from the company’s previous close.

Several other analysts have also commented on the stock. Evercore raised their price target on shares of Archrock from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Archrock in a research note on Wednesday, January 21st. Dawson James reissued an “outperform” rating on shares of Archrock in a research report on Wednesday. Zacks Research upgraded shares of Archrock from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Finally, Royal Bank Of Canada lifted their target price on Archrock from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $34.57.

Archrock Stock Up 4.0%

Shares of NYSE AROC opened at $35.05 on Thursday. Archrock has a 12-month low of $20.12 and a 12-month high of $35.29. 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 firm’s 50-day moving average price is $28.60 and its 200-day moving average price is $26.06. The stock has a market capitalization of $6.15 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 1.45 and a beta of 0.93.

Archrock (NYSE:AROC) last announced its quarterly earnings data on Tuesday, February 24th. The energy company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.29. The company had revenue of $377.07 million for the quarter, compared to analysts’ expectations of $378.04 million. Archrock had a return on equity of 23.99% and a net margin of 21.63%.Archrock’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.34 earnings per share. On average, equities research analysts anticipate that Archrock will post 1.09 EPS for the current fiscal year.

Institutional Investors Weigh In On Archrock

Several hedge funds have recently made changes to their positions in AROC. Invesco Ltd. increased its stake in Archrock by 1.4% in the second quarter. Invesco Ltd. now owns 9,080,037 shares of the energy company’s stock valued at $225,457,000 after purchasing an additional 128,141 shares during the last quarter. State Street Corp increased its stake in shares of Archrock by 2.2% during the 4th quarter. State Street Corp now owns 7,018,889 shares of the energy company’s stock valued at $182,631,000 after acquiring an additional 152,312 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Archrock by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,833,290 shares of the energy company’s stock worth $177,805,000 after acquiring an additional 111,218 shares during the period. American Century Companies Inc. raised its stake in Archrock by 3.3% during the third quarter. American Century Companies Inc. now owns 6,077,999 shares of the energy company’s stock worth $159,912,000 after purchasing an additional 191,914 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of Archrock by 3.5% in the 3rd quarter. Sei Investments Co. now owns 5,499,093 shares of the energy company’s stock valued at $144,681,000 after purchasing an additional 187,252 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

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.