Brokerages Set Archrock, Inc. (NYSE:AROC) Target Price at $39.00

Shares of Archrock, Inc. (NYSE:AROC) have earned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $39.00.

AROC has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their price target on Archrock from $32.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, March 16th. Dawson James reissued an “outperform” rating on shares of Archrock in a research note on Wednesday, February 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Archrock in a research note on Wednesday, January 21st. Zacks Research lowered Archrock from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 16th. Finally, Wells Fargo & Company boosted their price objective on Archrock from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, March 13th.

Archrock Price Performance

Shares of AROC stock opened at $38.02 on Thursday. The stock’s fifty day simple moving average is $35.70 and its 200 day simple moving average is $29.59. The company has a debt-to-equity ratio of 1.62, a current ratio of 1.54 and a quick ratio of 0.99. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 20.78, a P/E/G ratio of 1.64 and a beta of 0.91. Archrock has a one year low of $21.17 and a one year high of $38.60.

Archrock (NYSE:AROC) last announced its quarterly earnings results on Wednesday, February 25th. The energy company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.40 by $0.29. The business had revenue of $377.07 million for the quarter, compared to analyst estimates of $378.04 million. Archrock had a return on equity of 23.57% and a net margin of 21.63%.Archrock’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 EPS. On average, analysts expect that Archrock will post 1.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Archrock news, CAO Donna A. Henderson sold 10,413 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $36.74, for a total value of $382,573.62. Following the transaction, the chief accounting officer owned 27,757 shares of the company’s stock, valued at approximately $1,019,792.18. The trade was a 27.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Doug S. Aron sold 98,050 shares of the business’s stock in a transaction on Monday, March 30th. The stock was sold at an average price of $34.76, for a total value of $3,408,218.00. Following the completion of the transaction, the chief financial officer directly owned 484,337 shares in the company, valued at approximately $16,835,554.12. This represents a 16.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 179,963 shares of company stock worth $6,336,907. Insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Archrock

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Abel Hall LLC bought a new stake in shares of Archrock during the first quarter worth $308,000. Marietta Investment Partners LLC raised its position in shares of Archrock by 58.2% during the first quarter. Marietta Investment Partners LLC now owns 97,928 shares of the energy company’s stock worth $3,408,000 after acquiring an additional 36,028 shares during the last quarter. Stephens Inc. AR raised its position in shares of Archrock by 5.5% during the first quarter. Stephens Inc. AR now owns 20,611 shares of the energy company’s stock worth $717,000 after acquiring an additional 1,079 shares during the last quarter. HB Wealth Management LLC bought a new stake in shares of Archrock during the first quarter worth $218,000. Finally, Y Intercept Hong Kong Ltd raised its position in shares of Archrock by 7.0% during the first quarter. Y Intercept Hong Kong Ltd now owns 166,244 shares of the energy company’s stock worth $5,785,000 after acquiring an additional 10,813 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Archrock Company Profile

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.