Archrock, Inc. (NYSE:AROC) Receives $19.67 Average PT from Brokerages

Shares of Archrock, Inc. (NYSE:AROC) have received a consensus rating of “Buy” from the three analysts that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $19.67.

AROC has been the subject of several recent analyst reports. Stifel Nicolaus boosted their price target on Archrock from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday. Royal Bank of Canada lifted their price objective on Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th.

Archrock Trading Up 0.9 %

Archrock stock opened at $20.21 on Friday. Archrock has a 12 month low of $8.92 and a 12 month high of $21.40. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 2.82 and a beta of 1.58. The business’s fifty day simple moving average is $19.38 and its two-hundred day simple moving average is $16.56. The company has a current ratio of 1.26, a quick ratio of 0.86 and a debt-to-equity ratio of 1.78.

Archrock (NYSE:AROC) last announced its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The company had revenue of $268.49 million for the quarter, compared to the consensus estimate of $260.51 million. Archrock had a net margin of 12.54% and a return on equity of 15.30%. Archrock’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.10 EPS. As a group, equities analysts predict that Archrock will post 1.02 earnings per share for the current fiscal year.

Archrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Monday, May 6th. Archrock’s payout ratio is 79.52%.

Hedge Funds Weigh In On Archrock

Institutional investors and hedge funds have recently bought and sold shares of the stock. Louisiana State Employees Retirement System bought a new stake in shares of Archrock during the 4th quarter valued at $1,058,000. Chase Investment Counsel Corp purchased a new position in shares of Archrock in the fourth quarter valued at about $1,909,000. Blackstone Inc. bought a new position in shares of Archrock in the third quarter worth about $1,725,000. Envestnet Asset Management Inc. boosted its stake in shares of Archrock by 110.5% in the third quarter. Envestnet Asset Management Inc. now owns 971,477 shares of the energy company’s stock worth $12,241,000 after acquiring an additional 509,862 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Archrock during the third quarter worth about $620,000. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

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.