Archrock (NYSE:AROC) Trading Up 6.4% - Here's Why

Archrock, Inc. (NYSE:AROC - Get Free Report)'s stock price shot up 6.4% on Tuesday . The stock traded as high as $24.16 and last traded at $24.17. 752,248 shares traded hands during trading, a decline of 46% from the average session volume of 1,383,906 shares. The stock had previously closed at $22.72.

Analyst Upgrades and Downgrades

AROC has been the subject of a number of recent research reports. Royal Bank of Canada upped their target price on Archrock from $26.00 to $27.00 and gave the company an "outperform" rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. increased their target price on shares of Archrock from $25.00 to $27.00 and gave the stock an "overweight" rating in a research report on Friday, November 29th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Archrock has a consensus rating of "Moderate Buy" and a consensus target price of $25.17.

Archrock Stock Up 5.9 %

The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 1.60 and a beta of 1.56. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. The firm has a 50 day moving average of $27.24 and a two-hundred day moving average of $23.99.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were issued a dividend of $0.19 per share. This is a boost from Archrock's previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.76 dividend on an annualized basis and a yield of 3.16%. Archrock's dividend payout ratio is 73.08%.

Institutional Trading of Archrock

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. purchased a new stake in shares of Archrock during the third quarter worth about $28,000. Wolverine Asset Management LLC boosted its holdings in Archrock by 111.8% in 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 in the last quarter. Continuum Advisory LLC grew its position in Archrock by 5,621.6% during the 3rd quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company's stock valued at $43,000 after purchasing an additional 2,080 shares during the last quarter. Montag A & Associates Inc. bought a new stake in shares of Archrock during the fourth quarter valued at approximately $55,000. Finally, Millburn Ridgefield Corp bought a new position in shares of Archrock during the third quarter valued at $50,000. Hedge funds and other institutional investors 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.

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