Insider Selling: Archrock (NYSE:AROC) CFO Sells 90,000 Shares of Stock

Archrock, Inc. (NYSE:AROC) CFO Doug Aron sold 90,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $36.74, for a total transaction of $3,306,600.00. Following the sale, the chief financial officer owned 394,337 shares in the company, valued at $14,487,941.38. This represents a 18.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Archrock Stock Performance

NYSE AROC opened at $37.41 on Monday. The company has a current ratio of 1.41, a quick ratio of 0.91 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 1.60 and a beta of 0.94. The firm’s 50 day simple moving average is $36.29 and its 200 day simple moving average is $30.55. Archrock, Inc. has a 1 year low of $21.17 and a 1 year high of $40.12.

Archrock (NYSE:AROC) last posted its quarterly earnings results on Tuesday, May 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.05). The firm had revenue of $373.77 million for the quarter, compared to analyst estimates of $378.36 million. Archrock had a return on equity of 22.89% and a net margin of 21.45%.The company’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, research analysts expect that Archrock, Inc. will post 1.95 earnings per share for the current fiscal year.

Archrock Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 19th. Investors of record on Tuesday, May 12th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, May 12th. This represents a $0.88 annualized dividend and a dividend yield of 2.4%. Archrock’s dividend payout ratio (DPR) is currently 47.83%.

Hedge Funds Weigh In On Archrock

Hedge funds have recently bought and sold shares of the company. Sound Income Strategies LLC raised its stake in Archrock by 71.0% during the fourth quarter. Sound Income Strategies LLC now owns 971 shares of the energy company’s stock worth $26,000 after buying an additional 403 shares during the last quarter. Valued Wealth Advisors LLC bought a new position in Archrock during the first quarter worth $26,000. Ameriflex Group Inc. bought a new position in Archrock during the third quarter worth $27,000. Garton & Associates Financial Advisors LLC bought a new position in Archrock during the fourth quarter worth $27,000. Finally, Wilmington Savings Fund Society FSB raised its stake in Archrock by 164.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,082 shares of the energy company’s stock worth $28,000 after buying an additional 673 shares during the last quarter. Institutional investors own 95.45% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on AROC shares. Dawson James restated an “outperform” rating on shares of Archrock in a research report on Wednesday, February 25th. Royal Bank Of Canada raised their target price on shares of Archrock from $32.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, March 16th. Wall Street Zen lowered shares of Archrock from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Citigroup raised their target price on shares of Archrock from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Wells Fargo & Company raised their target price on shares of Archrock from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $40.86.

About Archrock

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.