Archrock (NYSE:AROC) PT Raised to $25.00 at Stifel Nicolaus

Archrock (NYSE:AROC) had its price target raised by Stifel Nicolaus from $23.00 to $25.00 in a report issued on Wednesday morning, Benzinga reports. They currently have a buy rating on the energy company’s stock.

AROC has been the topic of a number of other reports. StockNews.com cut Archrock from a buy rating to a hold rating in a research report on Thursday, June 6th. Royal Bank of Canada boosted their price objective on Archrock from $20.00 to $21.00 and gave the company an outperform rating in a research report on Thursday, March 28th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $20.33.

Archrock Stock Up 2.2 %

Shares of AROC stock opened at $21.83 on Wednesday. Archrock has a 12 month low of $11.03 and a 12 month high of $23.44. The firm has a market cap of $3.41 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 1.70 and a beta of 1.53. The stock has a 50 day moving average of $20.32 and a 200-day moving average of $19.03. The company has a quick ratio of 0.74, a current ratio of 1.26 and a debt-to-equity ratio of 1.78.

Archrock (NYSE:AROC) last issued its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. Archrock had a return on equity of 15.30% and a net margin of 12.54%. The company had revenue of $268.49 million during the quarter, compared to analyst estimates of $260.51 million. During the same period in the previous year, the company earned $0.10 earnings per share. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities analysts predict that Archrock will post 1.05 EPS for the current year.

Archrock Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Tuesday, August 6th. Archrock’s dividend payout ratio (DPR) is 79.52%.

Institutional Trading of Archrock

A number of large investors have recently bought and sold shares of the stock. Blackstone Inc. grew its holdings in shares of Archrock by 4,211.9% during the fourth quarter. Blackstone Inc. now owns 5,903,142 shares of the energy company’s stock worth $90,908,000 after purchasing an additional 5,766,237 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Archrock by 37.7% during the fourth quarter. Sei Investments Co. now owns 5,113,865 shares of the energy company’s stock valued at $78,753,000 after acquiring an additional 1,399,309 shares during the period. Boston Partners acquired a new position in shares of Archrock during the first quarter valued at $24,875,000. Norges Bank acquired a new position in shares of Archrock during the fourth quarter valued at $15,958,000. Finally, Vanguard Group Inc. lifted its stake in shares of Archrock by 4.9% during the first quarter. Vanguard Group Inc. now owns 18,321,555 shares of the energy company’s stock valued at $360,385,000 after acquiring an additional 849,750 shares during the period. 95.45% of the stock is currently owned by institutional investors.

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.