Shares of Archrock Inc (NYSE:AROC) have received a consensus recommendation of “Hold” from the eleven research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $13.13.
A number of research analysts have recently issued reports on AROC shares. Royal Bank of Canada reiterated a “buy” rating and issued a $14.00 price target on shares of Archrock in a report on Thursday, January 4th. B. Riley set a $12.00 price target on shares of Archrock and gave the company a “hold” rating in a research report on Thursday, January 11th. ValuEngine upgraded shares of Archrock from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of Archrock from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Scotiabank reiterated a “hold” rating and set a $14.00 price target on shares of Archrock in a research report on Friday, November 3rd.
Institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in Archrock by 5.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,910,893 shares of the energy company’s stock worth $20,064,000 after buying an additional 95,150 shares in the last quarter. Thrivent Financial For Lutherans grew its position in shares of Archrock by 8.0% during the 4th quarter. Thrivent Financial For Lutherans now owns 970,284 shares of the energy company’s stock worth $10,188,000 after buying an additional 72,191 shares during the period. Northern Trust Corp grew its position in shares of Archrock by 3.1% during the 2nd quarter. Northern Trust Corp now owns 866,022 shares of the energy company’s stock worth $9,872,000 after buying an additional 25,951 shares during the period. Schwab Charles Investment Management Inc. grew its position in shares of Archrock by 7.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 733,981 shares of the energy company’s stock worth $7,707,000 after buying an additional 52,658 shares during the period. Finally, SL Advisors LLC grew its position in shares of Archrock by 11.4% during the 4th quarter. SL Advisors LLC now owns 696,264 shares of the energy company’s stock worth $7,310,000 after buying an additional 71,036 shares during the period. 83.32% of the stock is owned by institutional investors and hedge funds.
Archrock (NYSE:AROC) last posted its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.07. The business had revenue of $208.90 million during the quarter, compared to analyst estimates of $200.88 million. Archrock had a negative return on equity of 2.31% and a net margin of 2.39%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the company earned ($0.06) EPS. analysts expect that Archrock will post 0.13 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Thursday, February 8th were paid a dividend of $0.12 per share. The ex-dividend date was Wednesday, February 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.74%. Archrock’s dividend payout ratio (DPR) is 192.01%.
Archrock, Inc is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States.
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.