Archrock (NYSE:AROC) Releases Earnings Results, Misses Expectations By $0.07 EPS

Archrock (NYSE:AROC) announced its quarterly earnings data on Tuesday. The energy company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07), Zacks reports. Archrock had a net margin of 21.45% and a return on equity of 22.89%.

Archrock Stock Up 1.7%

Shares of AROC traded up $0.60 during mid-day trading on Tuesday, reaching $35.72. The company’s stock had a trading volume of 1,487,077 shares, compared to its average volume of 1,737,192. The business has a fifty day moving average of $36.88 and a 200 day moving average of $35.24. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 1.57 and a beta of 0.86. Archrock has a 1 year low of $21.17 and a 1 year high of $42.23. The company has a quick ratio of 0.91, a current ratio of 1.41 and a debt-to-equity ratio of 1.57.

Archrock Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Tuesday, August 4th will be paid a dividend of $0.23 per share. This is an increase from Archrock’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Tuesday, August 4th. This represents a $0.92 annualized dividend and a yield of 2.6%. Archrock’s dividend payout ratio (DPR) is presently 47.83%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Weiss Ratings upgraded Archrock from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday, July 28th. Mizuho upped their target price on Archrock from $38.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Wells Fargo & Company lifted their price target on Archrock from $40.00 to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Citigroup boosted their price objective on Archrock from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $46.00 price objective on shares of Archrock in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $41.71.

Insider Buying and Selling at Archrock

In related news, SVP Jason Ingersoll sold 33,000 shares of the 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 completion of the sale, the senior vice president directly owned 277,454 shares of the company’s stock, valued at approximately $10,595,968.26. This represents a 10.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Doug S. Aron sold 35,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $38.30, for a total value of $1,340,500.00. Following the sale, the chief financial officer owned 359,337 shares of the company’s stock, valued at $13,762,607.10. The trade was a 8.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 158,000 shares of company stock valued at $5,907,370. 2.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Archrock

A number of large investors have recently made changes to their positions in AROC. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Archrock during the fourth quarter worth approximately $27,000. Jones Financial Companies Lllp lifted its position in Archrock by 217.9% in the 1st quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock worth $35,000 after buying an additional 902 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Archrock by 92.6% during the 3rd quarter. Larson Financial Group LLC now owns 1,647 shares of the energy company’s stock valued at $43,000 after buying an additional 792 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Archrock by 101.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,814 shares of the energy company’s stock valued at $47,000 after acquiring an additional 915 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Archrock during the 4th quarter valued at $61,000. Institutional investors and hedge funds own 95.45% of the company’s stock.

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.