Archrock (NYSE:AROC) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Archrock (NYSE:AROC) had its target price increased by JPMorgan Chase & Co. from $25.00 to $27.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the energy company’s stock.

A number of other research firms also recently issued reports on AROC. Citigroup started coverage on Archrock in a research report on Friday, September 27th. They set a “buy” rating and a $24.00 price target on the stock. Royal Bank of Canada increased their target price on shares of Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. Evercore ISI initiated coverage on shares of Archrock in a report on Wednesday, September 25th. They issued an “outperform” rating and a $24.00 price target for the company. Finally, Mizuho assumed coverage on shares of Archrock in a report on Wednesday, October 2nd. They set an “outperform” rating and a $24.00 price objective on the stock. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $25.17.

Archrock Trading Up 2.8 %

Shares of AROC opened at $25.62 on Friday. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 28.15 and a beta of 1.52. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. Archrock has a 1-year low of $14.14 and a 1-year high of $26.36. The company has a 50-day moving average of $22.00 and a 200 day moving average of $20.69.

Archrock (NYSE:AROC) last posted its quarterly 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 net margin of 13.34% and a return on equity of 16.24%. The firm had revenue of $292.16 million during the quarter, compared to the consensus estimate of $286.19 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The company’s revenue was up 15.3% on a year-over-year basis. On average, research analysts expect 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 paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Wednesday, November 6th. This is a positive change from Archrock’s previous quarterly dividend of $0.17. Archrock’s payout ratio is 76.92%.

Institutional Investors Weigh In On Archrock

Institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of Archrock by 16.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,052 shares of the energy company’s stock valued at $82,000 after purchasing an additional 578 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Archrock by 0.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 84,245 shares of the energy company’s stock valued at $1,658,000 after buying an additional 710 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Archrock by 6.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,373 shares of the energy company’s stock worth $230,000 after acquiring an additional 713 shares in the last quarter. Atria Investments Inc boosted its holdings in Archrock by 2.3% in the third quarter. Atria Investments Inc now owns 32,648 shares of the energy company’s stock worth $661,000 after acquiring an additional 746 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Archrock by 2.2% during the second quarter. Van ECK Associates Corp now owns 35,280 shares of the energy company’s stock worth $713,000 after acquiring an additional 753 shares during the last quarter. 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.