Archrock (NYSE:AROC) Now Covered by Analysts at Evercore ISI

Evercore ISI assumed coverage on shares of Archrock (NYSE:AROC) in a research report released on Wednesday morning, MarketBeat Ratings reports. The firm issued an outperform rating and a $24.00 price objective on the energy company’s stock.

Several other equities analysts have also commented on the company. Royal Bank of Canada reiterated an outperform rating and issued a $22.00 target price on shares of Archrock in a research note on Wednesday, August 7th. StockNews.com cut shares of Archrock from a buy rating to a hold rating in a research report on Thursday, June 6th. JPMorgan Chase & Co. started coverage on shares of Archrock in a research report on Friday, September 6th. They set an overweight rating and a $24.00 price target for the company. Finally, Stifel Nicolaus lifted their price target on shares of Archrock from $23.00 to $25.00 and gave the company a buy rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Archrock currently has a consensus rating of Moderate Buy and an average price target of $22.33.

Archrock Price Performance

NYSE:AROC opened at $20.39 on Wednesday. Archrock has a 12-month low of $11.73 and a 12-month high of $23.44. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 24.57 and a beta of 1.51. The company’s 50-day moving average is $19.97 and its two-hundred day moving average is $19.93. The company has a current ratio of 1.53, a quick ratio of 0.94 and a debt-to-equity ratio of 1.80.

Archrock (NYSE:AROC) last released its earnings results on Tuesday, July 30th. The energy company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.24 by $0.01. Archrock had a net margin of 13.20% and a return on equity of 16.35%. The firm had revenue of $270.53 million during the quarter, compared to analysts’ expectations of $270.61 million. Research analysts expect that Archrock will post 1.07 EPS for the current year.

Archrock Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.66 annualized dividend and a dividend yield of 3.24%. Archrock’s payout ratio is 79.52%.

Institutional Trading of Archrock

Several large investors have recently added to or reduced their stakes in AROC. UniSuper Management Pty Ltd purchased a new stake in shares of Archrock in the first quarter worth about $852,000. Sei Investments Co. boosted its holdings in Archrock by 37.7% in 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 period. Allianz Asset Management GmbH raised its stake in shares of Archrock by 302.9% during the fourth quarter. Allianz Asset Management GmbH now owns 912,784 shares of the energy company’s stock valued at $14,057,000 after purchasing an additional 686,242 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Archrock by 18.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,270,818 shares of the energy company’s stock worth $24,997,000 after purchasing an additional 195,549 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Archrock by 77.2% in the first quarter. BNP Paribas Financial Markets now owns 69,992 shares of the energy company’s stock valued at $1,377,000 after purchasing an additional 30,493 shares during the period. 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.