Archrock, Inc. (NYSE:AROC) Given Average Recommendation of "Buy" by Brokerages

Archrock, Inc. (NYSE:AROC - Get Free Report) has earned an average recommendation of "Buy" from the six brokerages that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $25.17.

Several research analysts have weighed in on the company. Royal Bank of Canada boosted their price target on Archrock from $26.00 to $27.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. Citigroup assumed coverage on shares of Archrock in a research report on Friday, September 27th. They set a "buy" rating and a $24.00 price target on the stock. JPMorgan Chase & Co. increased their price target on shares of Archrock from $25.00 to $27.00 and gave the company an "overweight" rating in a research note on Friday, November 29th. Evercore ISI assumed coverage on shares of Archrock in a research note on Wednesday, September 25th. They set an "outperform" rating and a $24.00 price objective on the stock. Finally, Mizuho started coverage on shares of Archrock in a research note on Wednesday, October 2nd. They issued an "outperform" rating and a $24.00 target price for the company.

Archrock Stock Up 2.7 %

AROC traded up $0.69 during trading hours on Friday, hitting $26.00. 1,351,774 shares of the company's stock were exchanged, compared to its average volume of 1,062,137. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 28.57 and a beta of 1.59. Archrock has a 1-year low of $14.39 and a 1-year high of $27.05. The stock's 50-day moving average is $24.20 and its two-hundred day moving average is $21.67. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73.

Archrock (NYSE:AROC - Get Free Report) last posted its quarterly earnings data on Monday, November 11th. The energy company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. Archrock had a net margin of 13.34% and a return on equity of 16.24%. The company had revenue of $292.16 million during the quarter, compared to the consensus estimate of $286.19 million. During the same period in the prior year, the business posted $0.20 EPS. The company's quarterly revenue was up 15.3% on a year-over-year basis. Sell-side analysts predict that Archrock will post 1.09 earnings per share for the current fiscal year.

Archrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, November 6th were paid a $0.175 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.70 dividend on an annualized basis and a yield of 2.69%. This is a positive change from Archrock's previous quarterly dividend of $0.17. Archrock's dividend payout ratio is 76.92%.

Hedge Funds Weigh In On Archrock

Several institutional investors and hedge funds have recently made changes to their positions in AROC. B. Riley Wealth Advisors Inc. grew its stake in shares of Archrock by 0.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 50,654 shares of the energy company's stock valued at $1,025,000 after acquiring an additional 427 shares in the last quarter. Atria Investments Inc grew its position in shares of Archrock by 2.3% during the 3rd quarter. Atria Investments Inc now owns 32,648 shares of the energy company's stock worth $661,000 after purchasing an additional 746 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Archrock by 2.2% during the second quarter. Van ECK Associates Corp now owns 35,280 shares of the energy company's stock worth $713,000 after purchasing an additional 753 shares during the period. Arizona State Retirement System increased its holdings in shares of Archrock by 2.0% during the second quarter. Arizona State Retirement System now owns 41,565 shares of the energy company's stock worth $840,000 after purchasing an additional 821 shares during the period. Finally, Glenmede Trust Co. NA raised its position in shares of Archrock by 2.7% in the third quarter. Glenmede Trust Co. NA now owns 31,485 shares of the energy company's stock valued at $637,000 after buying an additional 838 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company's stock.

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.