Archrock, Inc. (NYSE:AROC – Get Free Report) CFO Doug Aron sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $38.30, for a total transaction of $1,340,500.00. Following the transaction, the chief financial officer owned 359,337 shares in the company, valued at approximately $13,762,607.10. This trade represents a 8.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Archrock Stock Performance
Shares of AROC opened at $38.04 on Wednesday. The stock has a market capitalization of $6.67 billion, a P/E ratio of 20.67, a P/E/G ratio of 1.65 and a beta of 0.94. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.91 and a current ratio of 1.41. Archrock, Inc. has a 1 year low of $21.17 and a 1 year high of $40.12. The company’s fifty day moving average is $36.39 and its two-hundred day moving average is $30.73.
Archrock (NYSE:AROC – Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $373.77 million for the quarter, compared to analysts’ expectations of $378.36 million. Archrock had a return on equity of 22.89% and a net margin of 21.45%.The business’s quarterly revenue was up 7.7% on a year-over-year basis. On average, sell-side analysts predict that Archrock, Inc. will post 1.95 earnings per share for the current year.
Archrock Announces Dividend
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in AROC. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Archrock during the 4th quarter worth $61,144,000. Neuberger Berman Group LLC raised its stake in Archrock by 9,756.7% in the 4th quarter. Neuberger Berman Group LLC now owns 1,293,002 shares of the energy company’s stock valued at $33,644,000 after purchasing an additional 1,279,884 shares during the last quarter. Stephens Investment Management Group LLC acquired a new position in Archrock in the 4th quarter valued at about $32,904,000. HITE Hedge Asset Management LLC acquired a new position in Archrock in the 3rd quarter valued at about $19,603,000. Finally, Norges Bank acquired a new position in Archrock in the 4th quarter valued at about $18,721,000. Institutional investors and hedge funds own 95.45% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Weiss Ratings upgraded shares of Archrock from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, May 6th. Wall Street Zen downgraded shares of Archrock from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Raymond James Financial restated an “outperform” rating and set a $46.00 price objective on shares of Archrock in a research report on Thursday, May 7th. Royal Bank Of Canada raised their target price on Archrock from $32.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, March 16th. Finally, Stifel Nicolaus set a $41.00 target price on Archrock in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $40.86.
Get Our Latest Research Report on AROC
Trending Headlines about Archrock
Here are the key news stories impacting Archrock this week:
- Positive Sentiment: Archrock has continued to attract favorable Wall Street coverage, including recent price-target increases from Citigroup and Wells Fargo, with a consensus analyst rating of “Buy” and an average target above the current share price. Archrock analyst coverage and stock analysis
- Positive Sentiment: The company recently declared a quarterly dividend of $0.22 per share, reinforcing its income appeal for shareholders. Archrock dividend announcement
- Neutral Sentiment: Archrock reported first-quarter results that missed earnings and revenue estimates, even though revenue still grew year over year; this is a mixed fundamental signal rather than a clear catalyst. Archrock earnings results
- Negative Sentiment: CEO/CFO-level insider selling has been a headwind for sentiment, with CFO Doug Aron and SVP Jason Ingersoll both selling shares in recent filings. SEC filing for Doug Aron sale SEC filing for Jason Ingersoll sale
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.
Read More
- Five stocks we like better than Archrock
- HIVE Weaponizes Power for an AI Pivot
- A Deep Dive Into NVIDIA’s Latest Portfolio Moves
- Brady Corp Wires Up a Massive AI-Powered Breakout
- Why Home Depot’s Sell-Off Could Become a Huge Opportunity
Receive News & Ratings for Archrock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archrock and related companies with MarketBeat.com's FREE daily email newsletter.
