Archrock, Inc. (NYSE:AROC) Receives Consensus Rating of “Buy” from Brokerages

Shares of Archrock, Inc. (NYSE:AROC) have been given an average recommendation of “Buy” by the six analysts that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $25.17.

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada upped their target price on Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Mizuho started coverage on shares of Archrock in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $24.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Citigroup started coverage on shares of Archrock in a report on Friday, September 27th. They issued a “buy” rating and a $24.00 target price on the stock. Finally, Evercore ISI assumed coverage on shares of Archrock in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $24.00 price target on the stock.

Archrock Stock Performance

Shares of AROC stock opened at $26.00 on Monday. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. Archrock has a 52 week low of $14.39 and a 52 week high of $27.05. The firm has a 50 day moving average of $23.00 and a 200-day moving average of $21.08. The company has a market cap of $4.55 billion, a price-to-earnings ratio of 28.57 and a beta of 1.59.

Archrock (NYSE:AROC) last issued its earnings results on Monday, November 11th. The energy company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $292.16 million during the quarter, compared to analyst estimates of $286.19 million. Archrock had a return on equity of 16.24% and a net margin of 13.34%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 EPS. On average, equities analysts forecast that Archrock will post 1.09 earnings per share for the current year.

Archrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, November 6th were paid a $0.175 dividend. This is an increase from Archrock’s previous quarterly dividend of $0.17. The ex-dividend date was Wednesday, November 6th. This represents a $0.70 annualized dividend and a yield of 2.69%. Archrock’s dividend payout ratio is presently 76.92%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Brown Brothers Harriman & Co. purchased a new position in shares of Archrock in the third quarter worth about $28,000. Wolff Wiese Magana LLC bought a new position in Archrock in the 3rd quarter worth approximately $30,000. Continuum Advisory LLC grew its stake in Archrock by 5,621.6% in the 3rd quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock valued at $43,000 after buying an additional 2,080 shares in the last quarter. Millburn Ridgefield Corp purchased a new position in Archrock in the 3rd quarter valued at approximately $50,000. Finally, Quarry LP bought a new stake in Archrock during the 2nd quarter valued at $52,000. Institutional investors own 95.45% of the company’s stock.

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.