Archrock, Inc. (NYSE:AROC) Receives $26.67 Average PT from Analysts

Archrock, Inc. (NYSE:AROC) has been given a consensus rating of “Buy” by the six analysts that are covering the firm, MarketBeat reports. Six analysts have rated the stock with a buy rating. The average 12-month price target among brokers that have covered the stock in the last year is $26.67.

Several research analysts have issued reports on the company. Citigroup increased their price objective on Archrock from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. JPMorgan Chase & Co. upped their target price on shares of Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, November 29th.

Institutional Investors Weigh In On Archrock

Hedge funds have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. acquired a new position in shares of Archrock during the third quarter worth approximately $28,000. Wolverine Asset Management LLC lifted its holdings in Archrock by 111.8% during the 4th quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company’s stock worth $37,000 after buying an additional 14,200 shares in the last quarter. Continuum Advisory LLC boosted its position 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 during the last quarter. Montag A & Associates Inc. bought a new position in Archrock in the 4th quarter valued at $55,000. Finally, Millburn Ridgefield Corp bought a new stake in shares of Archrock during the third quarter worth $50,000. Institutional investors own 95.45% of the company’s stock.

Archrock Trading Down 0.5 %

AROC stock opened at $27.18 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. The firm has a market cap of $4.76 billion, a P/E ratio of 29.87, a P/E/G ratio of 1.60 and a beta of 1.56. Archrock has a 1-year low of $17.27 and a 1-year high of $30.44. The business’s 50 day moving average is $27.21 and its 200-day moving average is $24.46.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.80%. This is a boost from Archrock’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, February 12th. Archrock’s payout ratio is currently 73.08%.

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.