Archrock (NYSE:AROC) SVP Jason Ingersoll Sells 33,000 Shares

Archrock, Inc. (NYSE:AROC) SVP Jason Ingersoll sold 33,000 shares of Archrock stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $38.19, for a total value of $1,260,270.00. Following the completion of the sale, the senior vice president owned 277,454 shares in the company, valued at approximately $10,595,968.26. This represents a 10.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Archrock Price Performance

AROC opened at $38.04 on Wednesday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.91 and a current ratio of 1.41. Archrock, Inc. has a 52-week low of $21.17 and a 52-week high of $40.12. The stock has a market capitalization of $6.67 billion, a PE ratio of 20.67, a price-to-earnings-growth ratio of 1.65 and a beta of 0.94. The stock’s 50 day moving average price is $36.39 and its 200-day moving average price is $30.73.

Archrock (NYSE:AROC) last posted its earnings results on Tuesday, May 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.05). Archrock had a net margin of 21.45% and a return on equity of 22.89%. The business had revenue of $373.77 million for the quarter, compared to analysts’ expectations of $378.36 million. Archrock’s revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts predict that Archrock, Inc. will post 1.95 EPS for the current year.

Archrock Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 12th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.88 annualized dividend and a dividend yield of 2.3%. Archrock’s payout ratio is 47.83%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AROC shares. Raymond James Financial reissued an “outperform” rating and set a $46.00 target price on shares of Archrock in a research note on Thursday, May 7th. Stifel Nicolaus set a $41.00 target price on Archrock in a research note on Thursday, May 7th. Wall Street Zen cut Archrock from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Wells Fargo & Company raised their target price on Archrock from $40.00 to $43.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, Citigroup raised their target price on Archrock from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $40.86.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AROC. Sound Income Strategies LLC lifted its stake in shares of Archrock by 71.0% in the 4th quarter. Sound Income Strategies LLC now owns 971 shares of the energy company’s stock valued at $26,000 after purchasing an additional 403 shares during the period. Valued Wealth Advisors LLC purchased a new position in Archrock during the first quarter valued at $26,000. Ameriflex Group Inc. purchased a new position in Archrock during the third quarter valued at $27,000. Garton & Associates Financial Advisors LLC purchased a new position in Archrock during the fourth quarter valued at $27,000. Finally, Wilmington Savings Fund Society FSB raised its stake in Archrock by 164.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,082 shares of the energy company’s stock valued at $28,000 after buying an additional 673 shares during the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.

More Archrock News

Here are the key news stories impacting Archrock this week:

• Positive Sentiment: Archrock has continued to attract favorable Wall Street coverage, including recent price-target increases from Citigroup and Wells Fargo, with a consensus analyst rating of “Buy” and an average target above the current share price.
• Positive Sentiment: The company recently declared a quarterly dividend of $0.22 per share, reinforcing its income appeal for shareholders.
• Neutral Sentiment: Archrock reported first-quarter results that missed earnings and revenue estimates, even though revenue still grew year over year; this is a mixed fundamental signal rather than a clear catalyst.
• Negative Sentiment: CEO/CFO-level insider selling has been a headwind for sentiment, with CFO Doug Aron and SVP Jason Ingersoll both selling shares in recent filings. SEC filing for Doug Aron sale SEC filing for Jason Ingersoll sale

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.