Archrock (NYSE:AROC) Shares Down 5.4%

Shares of Archrock, Inc. (NYSE:AROCGet Free Report) traded down 5.4% during mid-day trading on Wednesday . The stock traded as low as $19.83 and last traded at $19.88. 1,224,626 shares were traded during trading, a decline of 10% from the average session volume of 1,359,785 shares. The stock had previously closed at $21.02.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. StockNews.com downgraded shares of Archrock from a “buy” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus lifted their price target on shares of Archrock from $20.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Finally, Royal Bank of Canada boosted their target price on shares of Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Archrock has an average rating of “Moderate Buy” and a consensus target price of $19.67.

Get Our Latest Stock Report on Archrock

Archrock Stock Performance

The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 23.67, a PEG ratio of 1.66 and a beta of 1.58. The stock’s fifty day moving average is $19.91 and its 200-day moving average is $17.19. 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:AROCGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.04. The firm had revenue of $268.49 million for the quarter, compared to analyst estimates of $260.51 million. Archrock had a net margin of 12.54% and a return on equity of 15.30%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 earnings per share. On average, analysts forecast that Archrock, Inc. will post 1.07 EPS for the current year.

Archrock Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.66 dividend on an annualized basis and a yield of 3.33%. Archrock’s payout ratio is 79.52%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AROC. USA Financial Formulas grew its position in Archrock by 4,483.8% in the 4th quarter. USA Financial Formulas now owns 1,696 shares of the energy company’s stock valued at $26,000 after purchasing an additional 1,659 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Archrock during the 1st quarter worth $43,000. GAMMA Investing LLC bought a new stake in shares of Archrock during the 4th quarter worth $51,000. Russell Investments Group Ltd. raised its stake in shares of Archrock by 70.6% during the 1st quarter. Russell Investments Group Ltd. now owns 5,946 shares of the energy company’s stock worth $117,000 after purchasing an additional 2,461 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Archrock during the 1st quarter worth $133,000. Institutional investors own 95.45% of the company’s stock.

About Archrock

(Get Free Report)

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.

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