Analysts Set Archrock, Inc. (NYSE:AROC) Price Target at $41.14

Archrock, Inc. (NYSE:AROC) has earned a consensus recommendation of “Buy” from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $41.1429.

Several research firms recently commented on AROC. Dawson James reiterated an “outperform” rating on shares of Archrock in a report on Wednesday, February 25th. Raymond James Financial reiterated an “outperform” rating and issued a $46.00 price objective on shares of Archrock in a report on Thursday, May 7th. Royal Bank Of Canada raised their target price on Archrock from $32.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, March 16th. Zacks Research cut Archrock from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 16th. Finally, Weiss Ratings raised Archrock from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, May 6th.

Insider Activity

In other Archrock news, SVP Jason Ingersoll sold 33,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $38.19, for a total value of $1,260,270.00. Following the transaction, the senior vice president directly owned 277,454 shares of the company’s stock, valued at approximately $10,595,968.26. This trade represents a 10.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Doug S. Aron sold 98,050 shares of the firm’s stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $34.76, for a total value 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 $16,835,554.12. The trade was a 16.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 327,550 shares of company stock worth $11,861,703 over the last three months. Insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Nations Financial Group Inc. IA ADV boosted its position in Archrock by 1.7% in the first quarter. Nations Financial Group Inc. IA ADV now owns 18,744 shares of the energy company’s stock worth $652,000 after purchasing an additional 311 shares during the last quarter. Financial Security Advisor Inc. lifted its position in shares of Archrock by 3.0% during the 4th quarter. Financial Security Advisor Inc. now owns 12,000 shares of the energy company’s stock valued at $312,000 after buying an additional 344 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position 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 buying an additional 366 shares in the last quarter. Severin Investments LLC lifted its position in shares of Archrock by 2.0% during the 4th quarter. Severin Investments LLC now owns 20,111 shares of the energy company’s stock valued at $523,000 after buying an additional 400 shares in the last quarter. Finally, Sound Income Strategies LLC lifted its position in shares of Archrock by 71.0% during the 4th quarter. Sound Income Strategies LLC now owns 971 shares of the energy company’s stock valued at $26,000 after buying an additional 403 shares in the last quarter. 95.45% of the stock is owned by hedge funds and other institutional investors.

Archrock Price Performance

NYSE AROC opened at $35.72 on Friday. Archrock has a one year low of $21.17 and a one year high of $40.12. The stock has a 50-day moving average of $36.38 and a 200 day moving average of $32.33. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 1.55 and a beta of 0.87. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.91 and a current ratio of 1.41.

Archrock (NYSE:AROC) last released its quarterly earnings data on Tuesday, May 5th. The energy company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.05). Archrock had a return on equity of 22.89% and a net margin of 21.45%.The business had revenue of $373.77 million during the quarter, compared to the consensus estimate of $378.36 million. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, sell-side analysts forecast that Archrock will post 1.95 EPS for the current year.

Archrock Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 12th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Tuesday, May 12th. Archrock’s dividend payout ratio (DPR) is presently 47.83%.

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.