Archrock, Inc. (NYSE:AROC) Receives Average Rating of “Buy” from Brokerages

Archrock, Inc. (NYSE:AROC) has been given a consensus rating of “Buy” by the eight brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $32.40.

A number of equities analysts recently commented on AROC shares. Weiss Ratings restated a “buy (b)” rating on shares of Archrock in a report on Wednesday, January 21st. Zacks Research raised shares of Archrock from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. Evercore upped their price objective on shares of Archrock from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Finally, Royal Bank Of Canada lifted their target price on shares of Archrock from $31.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. First Citizens Bank & Trust Co. lifted its holdings in shares of Archrock by 183.8% during the second quarter. First Citizens Bank & Trust Co. now owns 28,545 shares of the energy company’s stock valued at $709,000 after purchasing an additional 18,488 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Archrock by 19.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 264,991 shares of the energy company’s stock worth $6,972,000 after buying an additional 43,872 shares in the last quarter. Sentry Investment Management LLC purchased a new position in Archrock in the 2nd quarter worth about $319,000. Vanguard Personalized Indexing Management LLC lifted its stake in Archrock by 8.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,574 shares of the energy company’s stock valued at $511,000 after acquiring an additional 1,617 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in Archrock by 55.1% during the 2nd quarter. Hsbc Holdings PLC now owns 121,089 shares of the energy company’s stock valued at $3,049,000 after acquiring an additional 43,023 shares during the period. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Archrock Stock Up 2.9%

Shares of NYSE:AROC opened at $32.69 on Friday. The stock’s 50-day moving average is $27.40 and its 200 day moving average is $25.47. The company has a market cap of $5.73 billion, a PE ratio of 21.79, a P/E/G ratio of 1.36 and a beta of 0.93. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.56 and a quick ratio of 1.01. Archrock has a 1 year low of $20.12 and a 1 year high of $33.00.

Archrock Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 18th. Shareholders of record on Tuesday, February 10th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Tuesday, February 10th. This is a positive change from Archrock’s previous quarterly dividend of $0.21. Archrock’s payout ratio is presently 58.67%.

About Archrock

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.