Everstar Asset Management LLC Makes New Investment in Archrock, Inc. $AROC

Everstar Asset Management LLC purchased a new stake in Archrock, Inc. (NYSE:AROC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 21,000 shares of the energy company’s stock, valued at approximately $546,000.

Other large investors have also made changes to their positions in the company. Sound Income Strategies LLC increased its holdings in shares of Archrock by 71.0% in the 4th quarter. Sound Income Strategies LLC now owns 971 shares of the energy company’s stock valued at $26,000 after purchasing an additional 403 shares in the last quarter. Ameriflex Group Inc. purchased a new position in shares of Archrock in the 3rd quarter valued at about $27,000. Wilmington Savings Fund Society FSB increased its holdings in shares of Archrock by 164.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,082 shares of the energy company’s stock valued at $28,000 after purchasing an additional 673 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Archrock in the 4th quarter valued at about $33,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Archrock by 217.9% in the 1st quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock valued at $35,000 after purchasing an additional 902 shares in the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Archrock Stock Performance

NYSE:AROC opened at $37.41 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.91 and a debt-to-equity ratio of 1.57. The firm has a 50-day moving average price of $36.29 and a two-hundred day moving average price of $30.52. Archrock, Inc. has a twelve month low of $21.17 and a twelve month high of $40.12. The company has a market capitalization of $6.56 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 1.59 and a beta of 0.94.

Archrock (NYSE:AROC) last posted its earnings results on Tuesday, May 5th. The energy company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.05). Archrock had a net margin of 21.45% and a return on equity of 22.89%. The business had revenue of $373.77 million for the quarter, compared to analysts’ expectations of $378.36 million. The business’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, research analysts expect that Archrock, Inc. will post 1.95 earnings per share for the current fiscal year.

Archrock Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 12th will be issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, May 12th. Archrock’s dividend payout ratio (DPR) is 47.83%.

Insider Activity

In other Archrock news, CFO Doug S. Aron sold 98,050 shares of the firm’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $34.76, for a total transaction of $3,408,218.00. Following the completion of the transaction, the chief financial officer directly owned 484,337 shares in the company, valued at approximately $16,835,554.12. This trade represents a 16.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Donna A. Henderson sold 10,413 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $36.74, for a total transaction of $382,573.62. Following the transaction, the chief accounting officer owned 27,757 shares of the company’s stock, valued at $1,019,792.18. This trade represents a 27.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 179,963 shares of company stock valued at $6,336,907 over the last 90 days. 2.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

AROC has been the subject of a number of research analyst reports. Dawson James reiterated an “outperform” rating on shares of Archrock in a report on Wednesday, February 25th. Weiss Ratings upgraded shares of Archrock from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 6th. Royal Bank Of Canada increased their price target on shares of Archrock from $32.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, March 16th. Wells Fargo & Company increased their price target on shares of Archrock from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Wall Street Zen downgraded shares of Archrock from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $40.86.

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.