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

Shares of Archrock, Inc. (NYSE:AROC - Get Free Report) have received an average rating of "Buy" from the six brokerages that are covering the company, Marketbeat reports. Six research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $24.67.

AROC has been the subject of several research analyst reports. Royal Bank of Canada boosted their price target on shares of Archrock from $26.00 to $27.00 and gave the company an "outperform" rating in a report on Thursday. Evercore ISI started coverage on Archrock in a report on Wednesday, September 25th. They issued an "outperform" rating and a $24.00 price target for the company. Mizuho initiated coverage on Archrock in a report on Wednesday, October 2nd. They set an "outperform" rating and a $24.00 price objective on the stock. JPMorgan Chase & Co. started coverage on shares of Archrock in a report on Friday, September 6th. They set an "overweight" rating and a $24.00 target price on the stock. Finally, Citigroup assumed coverage on shares of Archrock in a research note on Friday, September 27th. They issued a "buy" rating and a $24.00 price target on the stock.

Institutional Investors Weigh In On Archrock

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kayne Anderson Capital Advisors LP grew its stake in shares of Archrock by 1,680.2% in the third quarter. Kayne Anderson Capital Advisors LP now owns 1,530,440 shares of the energy company's stock valued at $30,976,000 after buying an additional 1,444,471 shares in the last quarter. Boston Partners acquired a new stake in Archrock in the 1st quarter valued at about $24,875,000. Eagle Asset Management Inc. bought a new position in Archrock during the third quarter worth about $22,108,000. Millennium Management LLC grew its holdings in Archrock by 60.3% during the second quarter. Millennium Management LLC now owns 2,343,652 shares of the energy company's stock worth $47,389,000 after purchasing an additional 882,024 shares during the period. Finally, Vanguard Group Inc. increased its position in Archrock by 4.9% during the first quarter. Vanguard Group Inc. now owns 18,321,555 shares of the energy company's stock worth $360,385,000 after buying an additional 849,750 shares during the last quarter. 95.45% of the stock is owned by institutional investors.

Archrock Trading Down 1.7 %

Shares of NYSE AROC traded down $0.41 during mid-day trading on Thursday, hitting $23.26. The company's stock had a trading volume of 1,219,562 shares, compared to its average volume of 1,427,741. Archrock has a one year low of $13.89 and a one year high of $24.71. The company's fifty day simple moving average is $20.76 and its 200-day simple moving average is $20.29. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.53 and a quick ratio of 0.94. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 25.36 and a beta of 1.52.

Archrock (NYSE:AROC - Get Free Report) last announced its quarterly earnings results on Monday, November 11th. The energy company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. The company had revenue of $292.16 million during the quarter, compared to analysts' expectations of $286.19 million. Archrock had a return on equity of 18.12% and a net margin of 13.34%. Archrock's revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 EPS. On average, sell-side analysts anticipate that Archrock will post 1.13 earnings per share for the current fiscal year.

Archrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Wednesday, November 6th. This is a positive change from Archrock's previous quarterly dividend of $0.17. Archrock's payout ratio is currently 76.92%.

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.