State of Wyoming Takes Position in Archrock, Inc. $AROC

State of Wyoming purchased a new stake in shares of Archrock, Inc. (NYSE:AROC) during the 2nd quarter, Holdings Channel reports. The fund purchased 15,466 shares of the energy company’s stock, valued at approximately $630,000.

Several other hedge funds have also recently bought and sold shares of the business. Valued Wealth Advisors LLC acquired a new stake in Archrock during the 1st quarter worth about $26,000. Garton & Associates Financial Advisors LLC purchased a new position in Archrock during the 4th quarter valued at about $27,000. Jones Financial Companies Lllp increased its holdings in shares of Archrock by 217.9% in the 1st quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock valued at $35,000 after purchasing an additional 902 shares during the period. Summit Securities Group LLC acquired a new position in shares of Archrock in the 1st quarter valued at about $36,000. Finally, Covestor Ltd increased its holdings in shares of Archrock by 234.9% in the 4th quarter. Covestor Ltd now owns 1,410 shares of the energy company’s stock valued at $37,000 after purchasing an additional 989 shares during the period. 95.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AROC has been the subject of several research reports. Raymond James Financial restated an “outperform” rating and set a $46.00 price target on shares of Archrock in a report on Thursday, May 7th. Citigroup upped their price objective on shares of Archrock from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada increased their target price on shares of Archrock from $41.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 21st. Weiss Ratings lowered shares of Archrock from a “buy (a-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Finally, Stifel Nicolaus set a $41.00 price target on shares of Archrock in a report on Thursday, May 7th. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Archrock presently has an average rating of “Moderate Buy” and a consensus target price of $41.29.

Archrock Stock Down 0.1%

AROC opened at $34.64 on Monday. Archrock, Inc. has a fifty-two week low of $22.88 and a fifty-two week high of $42.23. The business has a 50-day moving average of $36.70 and a 200-day moving average of $35.65. 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 company has a market capitalization of $6.07 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 1.60 and a beta of 0.86.

Archrock (NYSE:AROC) last released its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). The firm had revenue of $371.24 million during 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 company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 EPS. Equities research analysts forecast that Archrock, Inc. will post 1.81 EPS for the current fiscal year.

Archrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Tuesday, August 4th were given a $0.23 dividend. This is a positive change from Archrock’s previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, August 4th. Archrock’s payout ratio is presently 49.46%.

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.