Archrock (NYSE:AROC) Given New $25.00 Price Target at Stifel Nicolaus

Archrock (NYSE:AROC) had its target price increased by equities researchers at Stifel Nicolaus from $23.00 to $25.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the energy company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 17.04% from the company’s current price.

AROC has been the topic of a number of other research reports. Royal Bank of Canada increased their price objective on shares of Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. StockNews.com lowered shares of Archrock from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Archrock has an average rating of “Moderate Buy” and a consensus price target of $20.33.

Archrock Trading Down 1.5 %

Shares of Archrock stock opened at $21.36 on Wednesday. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 1.72 and a beta of 1.53. Archrock has a 12-month low of $11.00 and a 12-month high of $23.44. The firm’s 50 day simple moving average is $20.29 and its two-hundred day simple moving average is $18.96. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 1.78.

Archrock (NYSE:AROC) last released its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The firm had revenue of $268.49 million for the quarter, compared to analyst estimates of $260.51 million. Archrock had a net margin of 12.54% and a return on equity of 15.30%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 earnings per share. Analysts predict that Archrock will post 1.07 EPS for the current year.

Institutional Trading of Archrock

Hedge funds have recently added to or reduced their stakes in the company. Trexquant Investment LP boosted its holdings in Archrock by 56.0% during the fourth quarter. Trexquant Investment LP now owns 110,519 shares of the energy company’s stock worth $1,702,000 after buying an additional 39,686 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in Archrock during the fourth quarter worth $1,058,000. Chase Investment Counsel Corp purchased a new stake in Archrock during the fourth quarter worth $1,909,000. Sei Investments Co. boosted its holdings in Archrock by 37.7% during the fourth quarter. Sei Investments Co. now owns 5,113,865 shares of the energy company’s stock worth $78,753,000 after buying an additional 1,399,309 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in Archrock by 302.9% during the fourth quarter. Allianz Asset Management GmbH now owns 912,784 shares of the energy company’s stock worth $14,057,000 after buying an additional 686,242 shares in the last quarter. 95.45% of the stock is owned by hedge funds and other institutional investors.

Archrock Company Profile

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.