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

Archrock, Inc. (NYSE:AROC) has earned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $42.29.

A number of equities analysts recently commented on AROC shares. Evercore set a $40.00 price target on shares of Archrock in a research report on Monday, August 17th. Royal Bank Of Canada increased their target price on shares of Archrock from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, August 17th. Weiss Ratings cut shares of Archrock from a “buy (a-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Zacks Research downgraded shares of Archrock from a “hold” rating to a “strong sell” rating in a research report on Monday, August 31st. Finally, Wells Fargo & Company dropped their price target on shares of Archrock from $43.00 to $40.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th.

Archrock Stock Down 0.6%

AROC stock opened at $30.66 on Friday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.39 and a quick ratio of 0.94. The stock has a market capitalization of $5.38 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 1.47 and a beta of 0.86. The business’s fifty day moving average price is $33.29 and its two-hundred day moving average price is $35.49. Archrock has a fifty-two week low of $22.88 and a fifty-two week high of $42.23.

Archrock (NYSE:AROC) last posted its earnings results on Wednesday, August 5th. The energy company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). The firm had revenue of $371.24 million for the quarter, compared to analyst estimates of $393.19 million. Archrock had a return on equity of 22.22% and a net margin of 21.84%.The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.39 EPS. On average, equities analysts anticipate that Archrock will post 1.73 earnings per share for the current year.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Tuesday, August 4th were paid a dividend of $0.23 per share. This is a boost from Archrock’s previous quarterly dividend of $0.22. The ex-dividend date was Tuesday, August 4th. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. Archrock’s dividend payout ratio is 49.46%.

Institutional Trading of Archrock

A number of institutional investors have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Archrock by 24.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 31,627 shares of the energy company’s stock worth $1,288,000 after purchasing an additional 6,257 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Archrock in the second quarter valued at about $234,000. Tidal Investments LLC raised its stake in Archrock by 102.4% in the second quarter. Tidal Investments LLC now owns 16,433 shares of the energy company’s stock valued at $669,000 after purchasing an additional 8,314 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in Archrock in the second quarter valued at about $130,000. Finally, Cypress Capital Management LLC WY bought a new stake in Archrock during the second quarter worth about $156,000. 95.45% of the stock is currently owned by institutional investors.

About Archrock

Archrock, Inc (NYSE: AROC) is a Houston-based energy infrastructure company that provides natural gas compression services in the United States. Compression is used to increase the pressure of natural gas so it can be gathered, processed, transported, stored and delivered through pipeline systems. Archrock serves customers across major U.S. natural gas production and pipeline regions.

The company primarily operates through contract compression services, supplying compression equipment and related field services under customer agreements.