Archrock (NYSE:AROC) Earns Outperform Rating from Analysts at Mizuho

Mizuho assumed coverage on shares of Archrock (NYSE:AROC) in a research note published on Wednesday, Marketbeat reports. The firm issued an outperform rating and a $24.00 target price on the energy company’s stock.

Several other equities analysts have also commented on the company. Royal Bank of Canada reiterated an outperform rating and issued a $22.00 target price on shares of Archrock in a research note on Wednesday, August 7th. StockNews.com cut shares of Archrock from a buy rating to a hold rating in a research report on Thursday, June 6th. Stifel Nicolaus upped their price target on shares of Archrock from $23.00 to $25.00 and gave the stock a buy rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. started coverage on shares of Archrock in a report on Friday, September 6th. They issued an overweight rating and a $24.00 price target on the stock. Finally, Citigroup started coverage on Archrock in a research report on Friday, September 27th. They issued a buy rating and a $24.00 target price on the stock. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Archrock has a consensus rating of Moderate Buy and an average price target of $22.57.

Archrock Price Performance

Archrock stock opened at $21.81 on Wednesday. The stock has a market capitalization of $3.41 billion, a P/E ratio of 26.28 and a beta of 1.51. Archrock has a 12-month low of $11.73 and a 12-month high of $23.44. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.53 and a quick ratio of 0.94. The firm’s 50-day moving average is $19.81 and its two-hundred day moving average is $20.04.

Archrock (NYSE:AROC) last announced its earnings results on Tuesday, July 30th. The energy company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 13.20% and a return on equity of 16.35%. Equities analysts predict that Archrock will post 1.07 earnings per share for the current year.

Archrock Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Tuesday, August 6th. Archrock’s dividend payout ratio (DPR) is presently 79.52%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AROC. UniSuper Management Pty Ltd bought a new position in Archrock in the first quarter worth about $852,000. Sei Investments Co. boosted its position in Archrock by 37.7% during the 4th quarter. Sei Investments Co. now owns 5,113,865 shares of the energy company’s stock valued at $78,753,000 after purchasing an additional 1,399,309 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Archrock by 18.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,270,818 shares of the energy company’s stock worth $24,997,000 after buying an additional 195,549 shares during the last quarter. BNP Paribas Financial Markets increased its position in Archrock by 77.2% in the first quarter. BNP Paribas Financial Markets now owns 69,992 shares of the energy company’s stock worth $1,377,000 after buying an additional 30,493 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Archrock in the first quarter valued at $1,251,000. 95.45% of the stock is currently owned by institutional investors.

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.