Archrock (NYSE:AROC) SVP Jason Ingersoll Sells 33,000 Shares

Archrock, Inc. (NYSE:AROC) SVP Jason Ingersoll sold 33,000 shares of Archrock stock in a transaction that occurred on 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 in the company, valued at $10,595,968.26. This represents a 10.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Archrock Price Performance

Shares of NYSE:AROC traded down $0.75 during trading on Tuesday, reaching $37.87. The stock had a trading volume of 216,225 shares, compared to its average volume of 1,622,014. The business has a fifty day moving average price of $36.34 and a 200-day moving average price of $30.64. The stock has a market cap of $6.64 billion, a PE ratio of 20.59, a PEG ratio of 1.60 and a beta of 0.94. 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, Inc. has a 1-year low of $21.17 and a 1-year high of $40.12.

Archrock (NYSE:AROC) last released its quarterly earnings data on Tuesday, May 5th. The energy company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.05). The company had revenue of $373.77 million for the quarter, compared to analyst estimates of $378.36 million. Archrock had a return on equity of 22.89% and a net margin of 21.45%.Archrock’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities analysts forecast that Archrock, Inc. will post 1.95 earnings per share for the current fiscal year.

Archrock Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 12th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, May 12th. This represents a $0.88 dividend on an annualized basis and a yield of 2.3%. Archrock’s payout ratio is 47.83%.

Institutional Investors Weigh In On Archrock

Several institutional investors and hedge funds have recently modified their holdings of the company. American Century Companies Inc. increased its holdings in Archrock by 3.3% during the 3rd 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. Allianz Asset Management GmbH increased its holdings in Archrock by 19.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 264,991 shares of the energy company’s stock worth $6,972,000 after purchasing an additional 43,872 shares during the period. JPMorgan Chase & Co. increased its holdings in Archrock by 17.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 438,624 shares of the energy company’s stock worth $11,540,000 after purchasing an additional 64,041 shares during the period. Stephens Investment Management Group LLC purchased a new stake in Archrock during the 4th quarter worth about $32,904,000. Finally, Fox Run Management L.L.C. purchased a new stake in Archrock during the 3rd quarter worth about $1,657,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on AROC. Mizuho boosted their price objective on Archrock from $32.00 to $38.00 and gave the stock an “outperform” rating in a research note on Thursday, April 2nd. Royal Bank Of Canada upped their price target on Archrock from $32.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, March 16th. Citigroup upped their price target on Archrock from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Weiss Ratings raised Archrock from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 6th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $46.00 price target 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 issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Archrock currently has a consensus rating of “Buy” and a consensus price target 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.