Archrock, Inc. (NYSE:AROC – Get Free Report) SVP Jason Ingersoll sold 33,000 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $38.19, for a total transaction of $1,260,270.00. Following the transaction, the senior vice president owned 277,454 shares of the company’s stock, valued at $10,595,968.26. This trade represents a 10.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Archrock Stock Performance
Archrock stock opened at $36.91 on Friday. The company’s 50-day moving average price is $36.44 and its 200-day moving average price is $30.90. Archrock, Inc. has a twelve month low of $21.17 and a twelve month high of $40.12. The company has a quick ratio of 0.91, a current ratio of 1.41 and a debt-to-equity ratio of 1.57. The company has a market cap of $6.47 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 1.59 and a beta of 0.94.
Archrock (NYSE:AROC – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The energy company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.05). The business had revenue of $373.77 million during the quarter, compared to the consensus estimate of $378.36 million. Archrock had a net margin of 21.45% and a return on equity of 22.89%. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities research analysts forecast that Archrock, Inc. will post 1.95 EPS for the current fiscal year.
Archrock Announces Dividend
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Archrock from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Citigroup raised their target price on shares of Archrock from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Mizuho boosted their price target on Archrock from $32.00 to $38.00 and gave the company an “outperform” rating in a report on Thursday, April 2nd. Weiss Ratings raised Archrock from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 6th. Finally, Raymond James Financial restated an “outperform” rating and set a $46.00 price objective on shares of Archrock in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $40.86.
Read Our Latest Stock Analysis on Archrock
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sound Income Strategies LLC increased its position in Archrock by 71.0% during the 4th quarter. Sound Income Strategies LLC now owns 971 shares of the energy company’s stock valued at $26,000 after purchasing an additional 403 shares during the period. Valued Wealth Advisors LLC purchased a new stake in shares of Archrock in the 1st quarter worth approximately $26,000. Ameriflex Group Inc. bought a new position in shares of Archrock during the third quarter valued at approximately $27,000. Garton & Associates Financial Advisors LLC bought a new position in shares of Archrock during the fourth quarter valued at approximately $27,000. Finally, Wilmington Savings Fund Society FSB increased its holdings in Archrock by 164.5% during the third quarter. Wilmington Savings Fund Society FSB now owns 1,082 shares of the energy company’s stock valued at $28,000 after buying an additional 673 shares during the period. 95.45% of the stock is currently owned by institutional investors.
About Archrock
Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.
The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.
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