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

Shares of Archrock, Inc. (NYSE:AROC) have been assigned a consensus rating of “Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $25.17.

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Royal Bank of Canada increased their target price on Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th.

Institutional Investors Weigh In On Archrock

Institutional investors and hedge funds have recently bought and sold shares of the business. Creative Planning raised its holdings in shares of Archrock by 18.7% in the 3rd quarter. Creative Planning now owns 27,299 shares of the energy company’s stock worth $553,000 after buying an additional 4,301 shares in the last quarter. Raymond James & Associates grew its position in Archrock by 15.2% in the third quarter. Raymond James & Associates now owns 158,108 shares of the energy company’s stock valued at $3,200,000 after acquiring an additional 20,896 shares during the period. International Assets Investment Management LLC acquired a new position in Archrock during the third quarter worth $11,230,000. Louisiana State Employees Retirement System lifted its holdings in shares of Archrock by 18.1% during the third quarter. Louisiana State Employees Retirement System now owns 81,700 shares of the energy company’s stock valued at $1,654,000 after acquiring an additional 12,500 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Archrock by 51.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,267 shares of the energy company’s stock valued at $349,000 after purchasing an additional 5,894 shares in the last quarter. Institutional investors own 95.45% of the company’s stock.

Archrock Price Performance

NYSE AROC opened at $26.61 on Friday. The company has a market cap of $4.66 billion, a P/E ratio of 29.24, a P/E/G ratio of 1.60 and a beta of 1.57. Archrock has a 1 year low of $17.26 and a 1 year high of $30.44. 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 company has a fifty day simple moving average of $27.12 and a 200 day simple moving average of $23.61.

Archrock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were given a $0.19 dividend. This is a boost from Archrock’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Wednesday, February 12th. Archrock’s dividend payout ratio (DPR) is 83.52%.

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.