Archrock, Inc. (NYSE:AROC) Receives $25.17 Consensus Price Target from Brokerages

Shares of Archrock, Inc. (NYSE:AROC) have been assigned a consensus rating of “Buy” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $25.17.

Several research analysts have weighed in on the company. Evercore ISI assumed coverage on Archrock in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $24.00 target price on the stock. Mizuho initiated coverage on Archrock in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $24.00 price target on the stock. Royal Bank of Canada lifted their price target on Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Citigroup initiated coverage on Archrock in a research note on Friday, September 27th. They issued a “buy” rating and a $24.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their price target on Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, November 29th.

Hedge Funds Weigh In On Archrock

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new position in Archrock during the third quarter worth $28,000. Wolff Wiese Magana LLC acquired a new position in Archrock during the third quarter worth $30,000. Continuum Advisory LLC raised its holdings in Archrock by 5,621.6% during the third quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock worth $43,000 after purchasing an additional 2,080 shares during the last quarter. Millburn Ridgefield Corp acquired a new position in shares of Archrock in the third quarter worth $50,000. Finally, Quarry LP acquired a new position in shares of Archrock in the second quarter worth $52,000. 95.45% of the stock is owned by institutional investors and hedge funds.

Archrock Trading Up 0.5 %

Shares of AROC stock opened at $25.99 on Monday. The business’s 50 day moving average is $23.00 and its two-hundred day moving average is $21.10. Archrock has a twelve month low of $14.39 and a twelve month high of $27.05. The company has a market capitalization of $4.55 billion, a P/E ratio of 28.56 and a beta of 1.59. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73.

Archrock (NYSE:AROC) last announced its earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. Archrock had a return on equity of 16.24% and a net margin of 13.34%. The company had revenue of $292.16 million for the quarter, compared to the consensus estimate of $286.19 million. During the same period last year, the business posted $0.20 EPS. The company’s revenue was up 15.3% on a year-over-year basis. Equities analysts forecast that Archrock will post 1.09 EPS for the current year.

Archrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, November 6th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This is a boost from Archrock’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a yield of 2.69%. 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.