Archrock, Inc. (NYSE:AROC - Get Free Report) has been given a consensus rating of "Buy" by the six ratings firms that are covering the firm, MarketBeat reports. Six analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $25.17.
Several equities analysts have recently commented on AROC shares. Citigroup initiated coverage on shares of Archrock in a report on Friday, September 27th. They issued a "buy" rating and a $24.00 price objective on the stock. JPMorgan Chase & Co. upped their price target on Archrock from $25.00 to $27.00 and gave the stock an "overweight" rating in a research note on Friday, November 29th. Mizuho initiated coverage on Archrock in a research note on Wednesday, October 2nd. They issued an "outperform" rating and a $24.00 price objective for the company. Evercore ISI initiated coverage on Archrock in a report on Wednesday, September 25th. They set an "outperform" rating and a $24.00 target price for the company. Finally, Royal Bank of Canada boosted their price target on shares of Archrock from $26.00 to $27.00 and gave the stock an "outperform" rating in a research note on Thursday, November 14th.
Check Out Our Latest Research Report on AROC
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in AROC. Brown Brothers Harriman & Co. acquired a new stake in shares of Archrock in the 3rd quarter valued at $28,000. Wolff Wiese Magana LLC acquired a new stake in Archrock in the third quarter valued at $30,000. Continuum Advisory LLC raised its stake in Archrock by 5,621.6% in the third 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 in the last quarter. Millburn Ridgefield Corp purchased a new stake in Archrock during the 3rd quarter worth about $50,000. Finally, Quarry LP acquired a new position in shares of Archrock during the 2nd quarter worth about $52,000. Hedge funds and other institutional investors own 95.45% of the company's stock.
Archrock Trading Down 0.1 %
Archrock stock traded down $0.02 during midday trading on Monday, hitting $25.43. 1,005,681 shares of the stock were exchanged, compared to its average volume of 1,418,020. 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 stock's 50-day simple moving average is $22.51 and its 200 day simple moving average is $20.88. Archrock has a fifty-two week low of $14.39 and a fifty-two week high of $26.36. The stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 27.97 and a beta of 1.59.
Archrock (NYSE:AROC - Get Free Report) last issued its quarterly earnings data on Monday, November 11th. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. Archrock had a return on equity of 16.24% and a net margin of 13.34%. The firm had revenue of $292.16 million during the quarter, compared to the consensus estimate of $286.19 million. During the same period last year, the company earned $0.20 EPS. The company's quarterly revenue was up 15.3% on a year-over-year basis. On average, equities analysts anticipate that Archrock will post 1.09 EPS for the current year.
Archrock Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, November 6th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.75%. This is a positive change from Archrock's previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, November 6th. Archrock's dividend payout ratio is presently 76.92%.
Archrock Company Profile
(
Get Free ReportArchrock, 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.
Further Reading
Before you consider Archrock, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Archrock wasn't on the list.
While Archrock currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.