Sanctuary Advisors LLC Takes Position in Archrock, Inc. $AROC

Sanctuary Advisors LLC acquired a new position in shares of Archrock, Inc. (NYSE:AROC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 189,975 shares of the energy company’s stock, valued at approximately $7,734,000.

A number of other large investors have also recently made changes to their positions in AROC. Royal Bank of Canada increased its position in shares of Archrock by 0.7% in the 1st quarter. Royal Bank of Canada now owns 95,866 shares of the energy company’s stock valued at $2,514,000 after purchasing an additional 667 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Archrock by 217.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock worth $35,000 after purchasing an additional 902 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Archrock by 482.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,699 shares of the energy company’s stock worth $67,000 after purchasing an additional 2,236 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Archrock by 24.6% during the second quarter. First Trust Advisors LP now owns 279,100 shares of the energy company’s stock worth $6,930,000 after purchasing an additional 55,059 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of Archrock by 19.8% during the second quarter. Daiwa Securities Group Inc. now owns 9,700 shares of the energy company’s stock worth $241,000 after purchasing an additional 1,600 shares in the last quarter. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Archrock Stock Performance

NYSE AROC opened at $30.73 on Tuesday. The company has a fifty day moving average of $36.32 and a two-hundred day moving average of $35.80. The company has a market capitalization of $5.39 billion, a PE ratio of 16.52, a P/E/G ratio of 1.47 and a beta of 0.86. Archrock, Inc. has a 1 year low of $22.88 and a 1 year high of $42.23. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.39 and a quick ratio of 0.94.

Archrock (NYSE:AROC) last posted its earnings results on Wednesday, August 5th. The energy company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). Archrock had a return on equity of 22.22% and a net margin of 21.84%.The firm had revenue of $371.24 million for the quarter, compared to analyst estimates of $393.19 million. During the same quarter last year, the firm posted $0.39 EPS. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, analysts expect that Archrock, Inc. will post 1.81 earnings per share for the current year.

Archrock Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Tuesday, August 4th were paid a dividend of $0.23 per share. The ex-dividend date was Tuesday, August 4th. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. This is a boost from Archrock’s previous quarterly dividend of $0.22. Archrock’s dividend payout ratio (DPR) is 49.46%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on AROC shares. Citigroup increased their target price on Archrock from $40.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Evercore set a $40.00 price objective on Archrock in a research report on Monday, August 17th. Royal Bank Of Canada increased their price objective on Archrock from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, August 17th. Stifel Nicolaus set a $41.00 target price on Archrock in a research report on Thursday, May 7th. Finally, Weiss Ratings cut Archrock from a “buy (a-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.29.

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.