Archrock, Inc. (NYSE:AROC) Receives $25.17 Consensus PT from Analysts

Shares of Archrock, Inc. (NYSE:AROC) have been assigned a consensus rating of “Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $25.17.

Several research firms have issued reports on AROC. Royal Bank of Canada upped their price target on Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. boosted their target price on Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th.

Archrock Stock Up 2.0 %

Shares of AROC stock opened at $28.65 on Tuesday. Archrock has a 1 year low of $15.65 and a 1 year high of $30.44. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. The business’s fifty day moving average is $26.43 and its 200-day moving average is $22.77. The stock has a market cap of $5.02 billion, a PE ratio of 31.48, a price-to-earnings-growth ratio of 1.70 and a beta of 1.58.

Archrock (NYSE:AROC) last issued its quarterly earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $292.16 million during the quarter, compared to the consensus estimate of $286.19 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. Archrock’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 EPS. Equities analysts expect that Archrock will post 1.12 earnings per share for the current fiscal year.

Archrock Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.65%. The ex-dividend date is Wednesday, February 12th. This is a boost from Archrock’s previous quarterly dividend of $0.18. Archrock’s payout ratio is 83.52%.

Institutional Investors Weigh In On Archrock

Several institutional investors have recently made changes to their positions in AROC. Brown Brothers Harriman & Co. acquired a new stake in Archrock in the 3rd quarter worth approximately $28,000. Wolff Wiese Magana LLC bought a new position in shares of Archrock during the 3rd quarter worth about $30,000. Wolverine Asset Management LLC raised its holdings in Archrock by 111.8% in the 4th quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company’s stock valued at $37,000 after acquiring an additional 14,200 shares in the last quarter. Continuum Advisory LLC raised its stake in shares of Archrock by 5,621.6% in the third quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock valued at $43,000 after purchasing an additional 2,080 shares in the last quarter. Finally, Montag A & Associates Inc. bought a new position in shares of Archrock during the 4th quarter worth about $55,000. 95.45% of the stock is currently owned by institutional investors and hedge funds.

About Archrock

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.