Stifel Nicolaus Increases Archrock (NYSE:AROC) Price Target to $25.00

Archrock (NYSE:AROC) had its price target hoisted by analysts at Stifel Nicolaus from $23.00 to $25.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the energy company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 17.04% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. StockNews.com downgraded shares of Archrock from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Royal Bank of Canada lifted their target price on shares of Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.33.

Archrock Price Performance

Shares of AROC opened at $21.36 on Wednesday. The company has a market capitalization of $3.34 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 1.72 and a beta of 1.53. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 1.78. The firm has a 50 day moving average of $20.29 and a 200 day moving average of $18.96. Archrock has a twelve month low of $11.00 and a twelve month high of $23.44.

Archrock (NYSE:AROC) last announced its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. Archrock had a net margin of 12.54% and a return on equity of 15.30%. The company had revenue of $268.49 million during the quarter, compared to the consensus estimate of $260.51 million. During the same quarter last year, the firm earned $0.10 earnings per share. The firm’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Archrock will post 1.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AROC. Blackstone Inc. boosted its stake in shares of Archrock by 4,211.9% during the 4th quarter. Blackstone Inc. now owns 5,903,142 shares of the energy company’s stock worth $90,908,000 after acquiring an additional 5,766,237 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Archrock by 37.7% during the 4th quarter. Sei Investments Co. now owns 5,113,865 shares of the energy company’s stock worth $78,753,000 after acquiring an additional 1,399,309 shares during the last quarter. Boston Partners purchased a new position in shares of Archrock during the 1st quarter worth $24,875,000. Norges Bank purchased a new position in shares of Archrock during the 4th quarter valued at $15,958,000. Finally, Vanguard Group Inc. lifted its stake in shares of Archrock by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 18,321,555 shares of the energy company’s stock valued at $360,385,000 after buying an additional 849,750 shares in the last quarter. Hedge funds and other institutional investors 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.