Brokerages Set Archrock, Inc. (NYSE:AROC) PT at $25.17

Archrock, Inc. (NYSE:AROC) has been assigned a consensus rating of “Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have covered the stock in the last year is $25.17.

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

Archrock Price Performance

Shares of AROC stock opened at $29.97 on Tuesday. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 1.81 and a beta of 1.58. Archrock has a 12 month low of $15.65 and a 12 month high of $30.44. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. The stock has a 50-day moving average price of $26.38 and a 200 day moving average price of $22.74.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AROC. Brown Brothers Harriman & Co. acquired a new stake in shares of Archrock during the third quarter worth about $28,000. Wolff Wiese Magana LLC bought a new stake in Archrock during the 3rd quarter worth approximately $30,000. Continuum Advisory LLC increased its stake in Archrock by 5,621.6% during the 3rd 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 in the last quarter. Millburn Ridgefield Corp acquired a new stake in Archrock during the 3rd quarter worth approximately $50,000. Finally, Quarry LP bought a new position in Archrock in the second quarter valued at approximately $52,000. 95.45% of the stock is currently owned by institutional investors.

Archrock Company Profile

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.