Archrock (NYSE:AROC) Stock Price Expected to Rise, Citigroup Analyst Says

Archrock (NYSE:AROC - Free Report) had its target price hoisted by Citigroup from $32.00 to $33.00 in a report issued on Tuesday,Benzinga reports. Citigroup currently has a buy rating on the energy company's stock.

Separately, JPMorgan Chase & Co. raised their price target on shares of Archrock from $25.00 to $27.00 and gave the company an "overweight" rating in a 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $26.67.

Archrock Trading Down 1.2 %

Shares of Archrock stock traded down $0.32 during trading hours on Tuesday, hitting $26.37. The company's stock had a trading volume of 2,606,279 shares, compared to its average volume of 1,381,583. The business has a fifty day moving average of $27.23 and a 200 day moving average of $24.27. Archrock has a 1-year low of $17.27 and a 1-year high of $30.44. 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 company has a market capitalization of $4.62 billion, a PE ratio of 28.98, a P/E/G ratio of 1.60 and a beta of 1.56.

Archrock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th were given a $0.19 dividend. The ex-dividend date was Wednesday, February 12th. This represents a $0.76 annualized dividend and a dividend yield of 2.88%. This is an increase from Archrock's previous quarterly dividend of $0.18. Archrock's payout ratio is presently 73.08%.

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Hedge Funds Weigh In On Archrock

A number of hedge funds have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. grew its position in shares of Archrock by 0.9% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 50,654 shares of the energy company's stock worth $1,025,000 after acquiring an additional 427 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in Archrock by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 17,459 shares of the energy company's stock valued at $435,000 after purchasing an additional 553 shares during the period. Atria Investments Inc boosted its position in 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 acquiring an additional 746 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Archrock by 1.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 48,091 shares of the energy company's stock valued at $1,197,000 after acquiring an additional 796 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its holdings 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 during the period. 95.45% of the stock is currently owned by institutional investors and hedge funds.

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.