Archrock, Inc. (NYSE:AROC) Receives $40.86 Consensus Target Price from Analysts

Archrock, Inc. (NYSE:AROC) has been assigned a consensus recommendation of “Buy” from the ten brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $40.8571.

A number of analysts have issued reports on the company. Mizuho boosted their target price on Archrock from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, April 2nd. Dawson James reiterated an “outperform” rating on shares of Archrock in a report on Wednesday, February 25th. Citigroup increased their target price on Archrock from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Raymond James Financial restated an “outperform” rating and set a $46.00 target price on shares of Archrock in a report on Thursday, May 7th. Finally, Wall Street Zen downgraded Archrock from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th.

Insider Buying and Selling

In other Archrock news, CAO Donna A. Henderson sold 10,413 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $36.74, for a total value of $382,573.62. Following the completion of the transaction, the chief accounting officer owned 27,757 shares in the company, valued at $1,019,792.18. The trade was a 27.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Jason Ingersoll sold 33,000 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $38.19, for a total value of $1,260,270.00. Following the sale, the senior vice president directly owned 277,454 shares in the company, valued at $10,595,968.26. This represents a 10.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 337,963 shares of company stock valued at $12,244,277 in the last ninety days. Company insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Valued Wealth Advisors LLC acquired a new position in shares of Archrock during the first quarter worth about $26,000. Sound Income Strategies LLC raised its holdings in Archrock by 71.0% in the fourth quarter. Sound Income Strategies LLC now owns 971 shares of the energy company’s stock valued at $26,000 after acquiring an additional 403 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in Archrock in the third quarter valued at approximately $27,000. Garton & Associates Financial Advisors LLC purchased a new position in Archrock in the fourth quarter worth approximately $27,000. Finally, Summit Securities Group LLC purchased a new position in Archrock in the first quarter worth approximately $36,000. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Archrock Price Performance

Shares of AROC opened at $37.25 on Monday. The firm has a 50-day simple moving average of $36.46 and a two-hundred day simple moving average of $30.94. The stock has a market cap of $6.53 billion, a PE ratio of 20.25, a P/E/G ratio of 1.58 and a beta of 0.94. Archrock has a 1-year low of $21.17 and a 1-year high of $40.12. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.41 and a quick ratio of 0.91.

Archrock (NYSE:AROC) last issued its quarterly earnings data on Tuesday, May 5th. The energy company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.05). The company had revenue of $373.77 million during 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 business’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, analysts forecast that Archrock will post 1.95 EPS for the current year.

Archrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 12th were issued a $0.22 dividend. The ex-dividend date was Tuesday, May 12th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.4%. Archrock’s payout ratio is 47.83%.

Archrock Company Profile

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.