Stifel Nicolaus Increases Archrock (NYSE:AROC) Price Target to $25.00

Archrock (NYSE:AROC) had its price target raised by Stifel Nicolaus from $23.00 to $25.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a buy rating on the energy company’s stock.

A number of other equities analysts also recently commented on the stock. Royal Bank of Canada upped their target price on shares of Archrock from $20.00 to $21.00 and gave the stock an outperform rating in a research note on Thursday, March 28th. StockNews.com downgraded shares of Archrock from a buy rating to a hold rating in a research note on Thursday, June 6th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Archrock presently has an average rating of Moderate Buy and a consensus target price of $20.33.

Archrock Stock Performance

Shares of NYSE:AROC opened at $21.83 on Wednesday. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 1.70 and a beta of 1.53. Archrock has a 12 month low of $11.03 and a 12 month high of $23.44. The firm’s 50-day moving average is $20.32 and its 200 day moving average is $19.03. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 1.78.

Archrock (NYSE:AROC) last issued its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The company had revenue of $268.49 million for the quarter, compared to the consensus estimate of $260.51 million. Archrock had a net margin of 12.54% and a return on equity of 15.30%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 EPS. Research analysts predict that Archrock will post 1.05 EPS for the current year.

Archrock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $0.66 annualized dividend and a dividend yield of 3.02%. Archrock’s payout ratio is presently 79.52%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in Archrock by 16.6% during the second quarter. GAMMA Investing LLC now owns 4,052 shares of the energy company’s stock valued at $82,000 after purchasing an additional 578 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Archrock by 0.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 84,245 shares of the energy company’s stock worth $1,658,000 after buying an additional 710 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Archrock by 6.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,373 shares of the energy company’s stock worth $230,000 after buying an additional 713 shares in the last quarter. Shell Asset Management Co. lifted its stake in shares of Archrock by 7.5% in the first quarter. Shell Asset Management Co. now owns 14,342 shares of the energy company’s stock worth $282,000 after buying an additional 1,004 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Archrock by 9.0% in the first quarter. Janney Montgomery Scott LLC now owns 13,065 shares of the energy company’s stock worth $257,000 after buying an additional 1,079 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Archrock Company Profile

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.