In yesterday’s Wall Street session, Archrock Inc. (NYSE:AROC) shares traded at $8.96, up 3.94% from the previous session.
2 analysts cover Archrock Inc. (NYSE:AROC), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $10.00, we find $10.00. Given the previous closing price of $8.62, this indicates a potential upside of 16.01 percent. AROC stock price is now 9.17% away from the 50-day moving average and 8.02% away from the 200-day moving average. The market capitalization of the company currently stands at $1.36B.
The stock has received a hold rating from 0 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $10.67 as their price target over the next twelve months.
With the price target of $10, Raymond James recently initiated with Outperform rating for Archrock Inc. (NYSE: AROC). , while ‘Stifel’ rates the stock as ‘Buy’.
In other news, Old Ocean Reserves, LP, 10% Owner sold 3,318 shares of the company’s stock on Jun 09. The stock was sold for $33,512 at an average price of $10.10. Upon completion of the transaction, the 10% Owner now directly owns 16,730,363 shares in the company, valued at $149.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 06, 10% Owner Old Ocean Reserves, LP sold 65,519 shares of the business’s stock. A total of $662,397 was realized by selling the stock at an average price of $10.11. This leaves the insider owning 16,933,681 shares of the company worth $151.73 million. Insiders disposed of 337,489 shares of company stock worth roughly $3.02 million over the past 1 year. A total of 13.43% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AROC stock. A new stake in Archrock Inc. shares was purchased by GREAT WEST LIFE ASSURANCE CO /CAN/ during the first quarter worth $1,675,000. SCHONFELD STRATEGIC ADVISORS LLC invested $797,000 in shares of AROC during the first quarter. In the first quarter, SUSQUEHANNA INTERNATIONAL GROUP, LLP acquired a new stake in Archrock Inc. valued at approximately $715,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in AROC for approximately $536,000. SQUAREPOINT OPS LLC purchased a new stake in AROC valued at around $383,000 in the second quarter. In total, there are 298 active investors with 83.80% ownership of the company’s stock.
On Thursday morning Archrock Inc. (NYSE: AROC) stock kicked off with the opening price of $8.63. During the past 12 months, Archrock Inc. has had a low of $6.28 and a high of $10.44. As of last week, the company has a debt-to-equity ratio of 1.72, a current ratio of 1.10, and a quick ratio of 0.70. The fifty day moving average price for AROC is $8.21 and a two-hundred day moving average price translates $8.30 for the stock.
The latest earnings results from Archrock Inc. (NYSE: AROC) was released for Jun, 2022. According to the Oil & Gas Equipment & Services Company, earnings per share came in at $0.11, missing analysts’ expectations of $0.12 by -0.01. This compares to $0.06 EPS in the same period last year. The net profit margin was 4.70% and return on equity was 4.40% for AROC. The company reported revenue of $213.67 million for the quarter, compared to $195.17 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.48 percent.
Moreover, the firm recently paid out its quarterly dividend on 11/15/2022. Investors who held shares on 11/08/2022 were paid a $0.145 dividend. On an annualized basis, this represents a $0.58 dividend and a 6.47% percent yield. There was an ex-dividend date of 11/07/2022 for this dividend. In terms of dividend payout ratio, AROC is presently at 230.90%.
Archrock Inc.(AROC) Company Profile
Archrock, Inc., together with its subsidiaries, operates as an energy infrastructure company in the United States. It operates in two segments, Contract Operations and Aftermarket Services. The company engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining its owned fleet of natural gas compression equipment to provide natural gas compression services to customers in the oil and natural gas industry. It also offers various aftermarket services, such as sale of parts and components; and provision of operation, maintenance, overhaul, and reconfiguration services to customers who own compression equipment. The company was formerly known as Exterran Holdings, Inc. and changed its name to Archrock, Inc. in November 2015. Archrock, Inc. was founded in 1990 and is headquartered in Houston, Texas.