Brokerages Set Archrock, Inc. (NYSE:AROC) PT at $21.50

Archrock, Inc. (NYSE:AROC) has received an average rating of “Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. Six analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $22.33.

A number of brokerages have commented on AROC. Evercore ISI began coverage on Archrock in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $24.00 target price on the stock. StockNews.com downgraded Archrock from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Citigroup began coverage on Archrock in a research note on Friday, September 27th. They issued a “buy” rating and a $24.00 target price on the stock. JPMorgan Chase & Co. began coverage on Archrock in a research note on Friday, September 6th. They issued an “overweight” rating and a $24.00 target price on the stock. Finally, Stifel Nicolaus boosted their target price on Archrock from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th.

Institutional Trading of Archrock

Several large investors have recently made changes to their positions in AROC. Vanguard Group Inc. lifted its position in shares of Archrock by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 18,321,555 shares of the energy company’s stock worth $360,385,000 after purchasing an additional 849,750 shares during the last quarter. Earnest Partners LLC lifted its position in shares of Archrock by 2.6% during the 1st quarter. Earnest Partners LLC now owns 14,007,955 shares of the energy company’s stock worth $275,536,000 after purchasing an additional 351,391 shares during the last quarter. Blackstone Inc. lifted its position in shares of Archrock by 4,211.9% during the 4th quarter. Blackstone Inc. now owns 5,903,142 shares of the energy company’s stock worth $90,908,000 after purchasing an additional 5,766,237 shares during the last quarter. Sei Investments Co. lifted its position in shares of Archrock by 5.8% during the 1st quarter. Sei Investments Co. now owns 5,409,863 shares of the energy company’s stock worth $106,412,000 after purchasing an additional 295,998 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Archrock by 20.5% during the 2nd quarter. American Century Companies Inc. now owns 3,958,281 shares of the energy company’s stock worth $80,036,000 after purchasing an additional 672,663 shares during the last quarter. Institutional investors own 95.45% of the company’s stock.

Archrock Stock Up 2.1 %

NYSE:AROC opened at $20.68 on Wednesday. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 24.91 and a beta of 1.51. Archrock has a 1-year low of $11.73 and a 1-year high of $23.44. The company has a current ratio of 1.53, a quick ratio of 0.94 and a debt-to-equity ratio of 1.80. The business’s fifty day moving average price is $19.85 and its 200 day moving average price is $19.98.

Archrock (NYSE:AROC) last posted its quarterly earnings results on Tuesday, July 30th. The energy company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $270.53 million for the quarter, compared to analyst estimates of $270.61 million. Archrock had a return on equity of 16.35% and a net margin of 13.20%. On average, sell-side analysts forecast that Archrock will post 1.07 earnings per share for the current fiscal year.

Archrock Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.66 annualized dividend and a dividend yield of 3.19%. Archrock’s dividend payout ratio (DPR) is presently 79.52%.

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.