Archrock, Inc. (NYSE:AROC) Receives $26.67 Consensus Price Target from Analysts

Shares of Archrock, Inc. (NYSE:AROC) have earned an average recommendation of “Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $26.67.

Separately, Citigroup raised their price target on Archrock from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, March 18th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its position in shares of Archrock by 164.8% in the 1st quarter. Farther Finance Advisors LLC now owns 964 shares of the energy company’s stock valued at $26,000 after purchasing an additional 600 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Archrock in the first quarter valued at approximately $33,000. Wolverine Asset Management LLC grew its position in Archrock by 111.8% in the 4th quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company’s stock valued at $37,000 after buying an additional 14,200 shares during the last quarter. Montag A & Associates Inc. purchased a new position in Archrock during the 4th quarter worth $55,000. Finally, R Squared Ltd purchased a new position in Archrock during the fourth quarter worth about $76,000. 95.45% of the stock is owned by hedge funds and other institutional investors.

Archrock Trading Up 0.9 %

Shares of AROC opened at $23.56 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 25.89, a PEG ratio of 1.60 and a beta of 1.25. The company has a 50-day moving average of $25.50 and a 200 day moving average of $24.87. Archrock has a 1-year low of $17.27 and a 1-year high of $30.44.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.23%. This is an increase from Archrock’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, February 12th. Archrock’s payout ratio is 73.08%.

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.