Archrock, Inc. (NYSE:AROC) Receives $19.67 Average Target Price from Analysts

Shares of Archrock, Inc. (NYSE:AROC) have been assigned a consensus recommendation of “Buy” from the three research firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $19.67.

A number of equities research analysts have commented on the stock. Royal Bank of Canada increased their price objective on shares of Archrock from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Stifel Nicolaus raised their price target on Archrock from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday.

Hedge Funds Weigh In On Archrock

Hedge funds have recently made changes to their positions in the company. USA Financial Formulas boosted its stake in Archrock by 4,483.8% during the 4th quarter. USA Financial Formulas now owns 1,696 shares of the energy company’s stock worth $26,000 after purchasing an additional 1,659 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Archrock during the first quarter worth about $43,000. GAMMA Investing LLC purchased a new position in shares of Archrock during the fourth quarter worth about $51,000. Raymond James Financial Services Advisors Inc. acquired a new position in Archrock in the 3rd quarter valued at about $135,000. Finally, Aigen Investment Management LP purchased a new stake in Archrock during the 3rd quarter valued at approximately $153,000. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Archrock Trading Up 0.9 %

NYSE:AROC opened at $20.21 on Friday. The stock has a fifty day moving average price of $19.38 and a 200 day moving average price of $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 has a 12-month low of $8.92 and a 12-month high of $21.40. The firm has a market cap of $3.16 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 2.82 and a beta of 1.58.

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

Archrock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th will be given a $0.165 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.66 dividend on an annualized basis and a yield of 3.27%. Archrock’s dividend payout ratio (DPR) is presently 79.52%.

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.