Archrock, Inc. (NYSE:AROC) Given Consensus Rating of "Buy" by Brokerages

Shares of Archrock, Inc. (NYSE:AROC - Get Free Report) have received a consensus recommendation of "Buy" from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $26.67.

Separately, Citigroup upped their target price on shares of Archrock from $32.00 to $33.00 and gave the stock a "buy" rating in a research report on Tuesday, March 18th.

Institutional Investors Weigh In On Archrock

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in Archrock by 164.8% during the 1st quarter. Farther Finance Advisors LLC now owns 964 shares of the energy company's stock valued at $26,000 after purchasing an additional 600 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Archrock during the first quarter valued at about $33,000. Wolverine Asset Management LLC grew its holdings in Archrock by 111.8% during the fourth quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company's stock worth $37,000 after acquiring an additional 14,200 shares during the period. Montag A & Associates Inc. bought a new stake in Archrock in the fourth quarter worth about $55,000. Finally, R Squared Ltd acquired a new stake in Archrock in the 4th quarter valued at about $76,000. Institutional investors own 95.45% of the company's stock.

Archrock Stock Performance

AROC traded up $0.46 during trading on Friday, reaching $24.04. 939,074 shares of the company were exchanged, compared to its average volume of 1,467,988. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. Archrock has a 52 week low of $17.27 and a 52 week high of $30.44. The firm has a 50 day moving average of $25.32 and a 200 day moving average of $24.89. The stock has a market cap of $4.21 billion, a P/E ratio of 26.42, a PEG ratio of 1.60 and a beta of 1.25.

Archrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th were paid a $0.19 dividend. This is a positive change from Archrock's previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date was Wednesday, February 12th. Archrock's dividend payout ratio is currently 73.08%.

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.