Hantz Financial Services Inc. Takes Position in Archrock, Inc. (NYSE:AROC)

Hantz Financial Services Inc. bought a new position in Archrock, Inc. (NYSE:AROC) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 4,317 shares of the energy company’s stock, valued at approximately $107,000.

Other institutional investors also recently modified their holdings of the company. Brown Brothers Harriman & Co. purchased a new stake in Archrock in the third quarter worth about $28,000. Wolff Wiese Magana LLC bought a new stake in shares of Archrock in the 3rd quarter worth approximately $30,000. Continuum Advisory LLC grew its stake in shares of Archrock by 5,621.6% in the 3rd quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock worth $43,000 after buying an additional 2,080 shares during the last quarter. Millburn Ridgefield Corp bought a new position in Archrock during the 3rd quarter valued at approximately $50,000. Finally, Quarry LP purchased a new position in Archrock during the second quarter valued at $52,000. 95.45% of the stock is currently owned by institutional investors.

Archrock Trading Down 6.4 %

Archrock stock opened at $28.08 on Friday. Archrock, Inc. has a one year low of $15.65 and a one year high of $30.44. The business’s fifty day moving average is $26.43 and its 200 day moving average is $22.77. The stock has a market capitalization of $4.92 billion, a PE ratio of 30.85, a price-to-earnings-growth ratio of 1.75 and a beta of 1.58. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82.

Archrock (NYSE:AROC) last announced its quarterly earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $292.16 million for 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%. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.20 EPS. On average, sell-side analysts predict that Archrock, Inc. will post 1.12 EPS for the current year.

Archrock Increases Dividend

The business 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. The ex-dividend date of this dividend is Wednesday, February 12th. This is a positive change from Archrock’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 2.71%. Archrock’s payout ratio is currently 76.92%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AROC shares. Royal Bank of Canada raised 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. raised their price objective on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $25.17.

Archrock 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.