Archrock, Inc. (NYSE:AROC) Receives Consensus Rating of “Buy” from Analysts

Shares of Archrock, Inc. (NYSE:AROC) have been given an average rating of “Buy” by the six research firms that are covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have covered the stock in the last year is $26.67.

Several brokerages have issued reports on AROC. JPMorgan Chase & Co. lifted their price target on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Citigroup lifted their price target on shares of Archrock from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. acquired a new position in shares of Archrock during the 3rd quarter worth about $28,000. Wolverine Asset Management LLC increased its stake in shares of Archrock by 111.8% during the 4th quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company’s stock worth $37,000 after purchasing an additional 14,200 shares during the last quarter. Continuum Advisory LLC increased its stake in shares of Archrock by 5,621.6% during the 3rd 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 during the 3rd quarter worth about $50,000. Finally, Montag A & Associates Inc. acquired a new position in Archrock in the 4th quarter valued at about $55,000. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Archrock Trading Up 0.0 %

AROC opened at $25.70 on Wednesday. The stock has a market capitalization of $4.50 billion, a P/E ratio of 28.24, a P/E/G ratio of 1.60 and a beta of 1.56. Archrock has a 12 month low of $17.27 and a 12 month high of $30.44. The firm’s fifty day simple moving average is $27.17 and its 200 day simple moving average is $24.19. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 12th. This is a positive change from Archrock’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 2.96%. Archrock’s payout ratio is currently 73.08%.

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.