Archrock, Inc. (NYSE:AROC) Receives Average Rating of "Buy" from Analysts

Shares of Archrock, Inc. (NYSE:AROC - Get Free Report) have been given an average rating of "Buy" by the six research firms that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have covered the stock in the last year is $26.67.

Several research analysts have recently weighed in on the stock. Citigroup boosted their price target on shares of Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a research report on Tuesday. 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.

Archrock Trading Down 1.2 %

NYSE AROC traded down $0.32 on Wednesday, reaching $26.37. 2,606,279 shares of the company were exchanged, compared to its average volume of 1,381,588. 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 business's fifty day moving average price is $27.23 and its 200 day moving average price is $24.27. The stock has a market capitalization of $4.62 billion, a P/E ratio of 28.98, a price-to-earnings-growth ratio of 1.60 and a beta of 1.56. Archrock has a fifty-two week low of $17.27 and a fifty-two week high of $30.44.

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 represents a $0.76 dividend on an annualized basis and a dividend yield of 2.88%. This is an increase from Archrock's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, February 12th. Archrock's payout ratio is 73.08%.

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Institutional Trading of Archrock

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in shares of Archrock during the fourth quarter worth $36,241,000. Eagle Asset Management Inc. purchased a new position in Archrock during the 3rd quarter valued at about $22,108,000. Invesco Ltd. grew its position in Archrock by 12.8% in the 4th quarter. Invesco Ltd. now owns 8,883,949 shares of the energy company's stock valued at $221,121,000 after acquiring an additional 1,008,438 shares in the last quarter. State Street Corp increased its stake in Archrock by 11.5% during the third quarter. State Street Corp now owns 6,836,745 shares of the energy company's stock worth $138,376,000 after purchasing an additional 707,379 shares during the period. Finally, Clearbridge Investments LLC acquired a new stake in shares of Archrock during the fourth quarter worth about $17,247,000. Institutional investors and hedge funds own 95.45% of the company's stock.

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.