Brokerages Set Archrock, Inc. (NYSE:AROC) Target Price at $26.67

Shares of Archrock, Inc. (NYSE:AROC) have received a consensus rating of “Buy” from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $26.67.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AROC. Janney Montgomery Scott LLC raised its stake in shares of Archrock by 4.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,761 shares of the energy company’s stock worth $335,000 after purchasing an additional 574 shares during the period. Exchange Traded Concepts LLC increased its holdings in Archrock by 11.8% during the first quarter. Exchange Traded Concepts LLC now owns 412,858 shares of the energy company’s stock worth $10,833,000 after buying an additional 43,693 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its position in Archrock by 62.8% in the first quarter. Redhawk Wealth Advisors Inc. now owns 38,598 shares of the energy company’s stock worth $1,013,000 after acquiring an additional 14,887 shares during the period. SG Americas Securities LLC purchased a new position in Archrock in the first quarter valued at about $522,000. Finally, GAMMA Investing LLC boosted its stake in Archrock by 26.7% in the first quarter. GAMMA Investing LLC now owns 9,098 shares of the energy company’s stock valued at $239,000 after acquiring an additional 1,917 shares during the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Archrock Stock Performance

Shares of Archrock stock opened at $24.04 on Friday. Archrock has a 52 week low of $17.27 and a 52 week high of $30.44. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. The business has a 50 day moving average price of $25.24 and a 200-day moving average price of $24.94. The company has a market cap of $4.21 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.16%. This is an increase from Archrock’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, February 12th. Archrock’s dividend payout ratio (DPR) is presently 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.