In yesterday’s Wall Street session, Archrock Inc. (NYSE:AROC) shares traded at $12.77, up 9.52% from the previous session.
3 analysts cover Archrock Inc. (NYSE:AROC), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $15.00 and a low of $13.00, we find $13.00. Given the previous closing price of $11.66, this indicates a potential upside of 11.49 percent. AROC stock price is now 26.23% away from the 50-day moving average and 35.41% away from the 200-day moving average. The market capitalization of the company currently stands at $1.93B.
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The stock has received a hold rating from 0 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $13.50 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).
In other news, Henderson Donna A, VP, CHIEF ACCOUNTING OFFICER sold 13,961 shares of the company’s stock on Mar 06. The stock was sold for $155,107 at an average price of $11.11. Upon completion of the transaction, the VP, CHIEF ACCOUNTING OFFICER now directly owns 50,039 shares in the company, valued at $0.64 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 28, 10% Owner Old Ocean Reserves, LP sold 617,612 shares of the business’s stock. A total of $6,867,845 was realized by selling the stock at an average price of $11.12. This leaves the insider owning 15,555,014 shares of the company worth $198.64 million. Insiders disposed of 1,470,666 shares of company stock worth roughly $18.78 million over the past 1 year. A total of 12.17% 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 MILLENNIUM MANAGEMENT LLC during the first quarter worth $4,432,000. EA SERIES TRUST invested $3,732,000 in shares of AROC during the first quarter. In the first quarter, EMPOWERED FUNDS, LLC acquired a new stake in Archrock Inc. valued at approximately $3,732,000. EXCHANGE TRADED CONCEPTS, LLC acquired a new stake in AROC for approximately $3,351,000. EAM INVESTORS, LLC purchased a new stake in AROC valued at around $2,971,000 in the second quarter. In total, there are 290 active investors with 83.80% ownership of the company’s stock.
On Tuesday morning Archrock Inc. (NYSE: AROC) stock kicked off with the opening price of $11.53. During the past 12 months, Archrock Inc. has had a low of $6.28 and a high of $11.72. As of last week, the company has a debt-to-equity ratio of 1.81, a current ratio of 1.20, and a quick ratio of 0.70. The fifty day moving average price for AROC is $10.18 and a two-hundred day moving average price translates $9.46 for the stock.
The latest earnings results from Archrock Inc. (NYSE: AROC) was released for Jun, 2023. According to the Oil & Gas Equipment & Services Company, earnings per share came in at $0.16, beating analysts’ expectations of $0.14 by 0.02. This compares to $0.01 EPS in the same period last year. The net profit margin was 6.50% and return on equity was 6.60% for AROC. The company reported revenue of $229.83 million for the quarter, compared to $197.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.55 percent. For the current quarter, analysts expect AROC to generate $249.26M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/15/2023. Investors who held shares on 08/08/2023 were paid a $0.155 dividend. On an annualized basis, this represents a $0.60 dividend and a 4.70% percent yield. There was an ex-dividend date of 08/07/2023 for this dividend. In terms of dividend payout ratio, AROC is presently at 156.50%.
