Archrock Inc (NYSE:AROC) insider Doug S. Aron purchased 7,500 shares of the stock in a transaction that occurred on Tuesday, November 20th. The stock was bought at an average cost of $9.91 per share, for a total transaction of $74,325.00. Following the acquisition, the insider now directly owns 54,215 shares in the company, valued at approximately $537,270.65. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

AROC stock traded down $0.46 during midday trading on Tuesday, reaching $9.88. 60,708 shares of the company’s stock traded hands, compared to its average volume of 1,012,089. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.46 and a quick ratio of 0.98. Archrock Inc has a 52 week low of $8.25 and a 52 week high of $13.75. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -49.35 and a beta of 2.84.

Archrock (NYSE:AROC) last issued its earnings results on Wednesday, October 31st. The energy company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Archrock had a net margin of 6.32% and a return on equity of 2.49%. The business had revenue of $232.37 million for the quarter, compared to analysts’ expectations of $226.19 million. During the same quarter in the previous year, the firm posted ($0.09) EPS. The business’s revenue for the quarter was up 17.4% compared to the same quarter last year. Equities research analysts anticipate that Archrock Inc will post 0.36 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Wednesday, November 7th were issued a dividend of $0.132 per share. The ex-dividend date of this dividend was Tuesday, November 6th. This represents a $0.53 dividend on an annualized basis and a yield of 5.34%. Archrock’s payout ratio is -265.00%.

Hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. increased its holdings in shares of Archrock by 2.6% in the first quarter. Principal Financial Group Inc. now owns 561,090 shares of the energy company’s stock worth $4,910,000 after purchasing an additional 14,287 shares during the period. State of Alaska Department of Revenue grew its position in Archrock by 85.2% in the second quarter. State of Alaska Department of Revenue now owns 42,278 shares of the energy company’s stock worth $507,000 after acquiring an additional 19,450 shares in the last quarter. Louisiana State Employees Retirement System grew its position in Archrock by 83.8% in the second quarter. Louisiana State Employees Retirement System now owns 57,900 shares of the energy company’s stock worth $695,000 after acquiring an additional 26,400 shares in the last quarter. Amalgamated Bank purchased a new position in Archrock in the second quarter worth $216,000. Finally, Municipal Employees Retirement System of Michigan grew its position in Archrock by 62.7% in the second quarter. Municipal Employees Retirement System of Michigan now owns 46,100 shares of the energy company’s stock worth $553,000 after acquiring an additional 17,760 shares in the last quarter. 89.81% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently commented on AROC. Zacks Investment Research raised shares of Archrock from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Thursday, October 25th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $14.75 price target on shares of Archrock in a report on Tuesday, August 7th. TheStreet raised shares of Archrock from a “d+” rating to a “c-” rating in a report on Wednesday, August 1st. ValuEngine raised shares of Archrock from a “sell” rating to a “hold” rating in a report on Friday. Finally, B. Riley lifted their price target on shares of Archrock from $15.00 to $16.00 and gave the stock a “buy” rating in a report on Monday, August 6th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $14.33.

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Archrock Company Profile

Archrock, Inc engages in the natural gas contract operations services business in the United States. The company provides natural gas compression services to customers in the oil and natural gas industry. It also offers aftermarket services, such as parts and components; and operation, maintenance, overhaul, and reconfiguration services to customers who own compression equipment.

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