Archrock Inc (NYSE:AROC) rose 2.1% during mid-day trading on Wednesday . The company traded as high as $9.93 and last traded at $9.50. Approximately 369,735 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 1,080,486 shares. The stock had previously closed at $9.70.

AROC has been the topic of several recent research reports. Royal Bank of Canada restated a “buy” rating and issued a $14.00 price objective on shares of Archrock in a research report on Thursday, January 4th. ValuEngine upgraded Archrock from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. B. Riley set a $12.00 price objective on Archrock and gave the stock a “hold” rating in a research report on Thursday, January 11th. BidaskClub lowered Archrock from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, Scotiabank restated a “hold” rating and issued a $14.00 price objective on shares of Archrock in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.25.

The firm has a market cap of $722.52, a PE ratio of -9.29 and a beta of 3.20. The company has a quick ratio of 0.94, a current ratio of 1.63 and a debt-to-equity ratio of 1.99.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Thursday, February 8th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 5.39%. The ex-dividend date of this dividend is Wednesday, February 7th. Archrock’s dividend payout ratio is currently -48.98%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CIBC Asset Management Inc purchased a new position in shares of Archrock in the 4th quarter valued at about $106,000. Trexquant Investment LP bought a new stake in shares of Archrock during the 3rd quarter valued at $131,000. Nine Chapters Capital Management LLC bought a new stake in shares of Archrock during the 3rd quarter valued at $161,000. Crossmark Global Holdings Inc. bought a new stake in shares of Archrock during the 3rd quarter valued at $168,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Archrock during the 3rd quarter valued at $185,000. 83.75% of the stock is owned by hedge funds and other institutional investors.

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About Archrock

Archrock, Inc is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States.

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