Archrock, Inc. (NYSE:AROC) Given Average Recommendation of “Buy” by Analysts

Archrock, Inc. (NYSE:AROC) has earned a consensus rating of “Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $25.17.

Several research firms recently weighed in on AROC. Royal Bank of Canada lifted their target price on shares of Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. JPMorgan Chase & Co. upped their target price on Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th.

Archrock Price Performance

AROC stock opened at $28.65 on Tuesday. The company has a market cap of $5.02 billion, a PE ratio of 31.48, a price-to-earnings-growth ratio of 1.70 and a beta of 1.58. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. The stock has a 50-day moving average price of $26.43 and a two-hundred day moving average price of $22.77. Archrock has a 12-month low of $15.65 and a 12-month high of $30.44.

Archrock (NYSE:AROC) last posted its earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $292.16 million during the quarter, compared to the consensus estimate of $286.19 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. The company’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS. As a group, research analysts predict that Archrock will post 1.12 EPS for the current year.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, February 12th. This represents a $0.76 dividend on an annualized basis and a yield of 2.65%. This is an increase from Archrock’s previous quarterly dividend of $0.18. Archrock’s dividend payout ratio is currently 83.52%.

Hedge Funds Weigh In On Archrock

A number of institutional investors have recently made changes to their positions in the business. Brown Brothers Harriman & Co. acquired a new stake in Archrock in the third quarter valued at $28,000. Wolff Wiese Magana LLC bought a new stake in shares of Archrock in the 3rd quarter worth about $30,000. Wolverine Asset Management LLC raised its stake in shares of Archrock by 111.8% in the 4th quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company’s stock valued at $37,000 after purchasing an additional 14,200 shares in the last quarter. Continuum Advisory LLC lifted its position in shares of Archrock by 5,621.6% during the third quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock worth $43,000 after purchasing an additional 2,080 shares during the last quarter. Finally, Montag A & Associates Inc. acquired a new position in Archrock in the fourth quarter worth about $55,000. 95.45% of the stock is owned by institutional investors and hedge funds.

About Archrock

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.