Archrock (NYSE:AROC) Stock Rating Upgraded by TheStreet

TheStreet upgraded shares of Archrock (NYSE:AROC) from a d+ rating to a c- rating in a report released on Wednesday morning, TheStreetRatingsTable reports.

Several other equities analysts also recently weighed in on AROC. ValuEngine upgraded shares of Archrock from a sell rating to a hold rating in a report on Thursday. Zacks Investment Research downgraded shares of Archrock from a buy rating to a hold rating in a report on Monday, June 1st. Stifel Nicolaus started coverage on shares of Archrock in a report on Monday, June 29th. They issued a buy rating and a $8.00 price target on the stock. Finally, B. Riley started coverage on shares of Archrock in a report on Monday, June 29th. They issued a buy rating and a $8.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $7.67.

AROC opened at $6.66 on Wednesday. Archrock has a 52-week low of $2.09 and a 52-week high of $11.43. The company has a quick ratio of 0.96, a current ratio of 1.42 and a debt-to-equity ratio of 1.83. The company has a market cap of $1.02 billion, a P/E ratio of -39.17 and a beta of 2.87. The firm’s 50-day moving average price is $6.47 and its 200-day moving average price is $6.17.

Archrock (NYSE:AROC) last posted its quarterly earnings data on Thursday, July 30th. The energy company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.30). Archrock had a negative net margin of 2.61% and a positive return on equity of 9.43%. The company had revenue of $220.32 million for the quarter, compared to analyst estimates of $236.82 million. On average, research analysts anticipate that Archrock will post 0.32 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.145 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 8.71%. Archrock’s payout ratio is 92.06%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in shares of Archrock during the 4th quarter valued at approximately $21,746,000. Parametric Portfolio Associates LLC lifted its position in shares of Archrock by 147.6% during the 1st quarter. Parametric Portfolio Associates LLC now owns 896,858 shares of the energy company’s stock valued at $3,372,000 after buying an additional 534,632 shares in the last quarter. State Street Corp lifted its position in shares of Archrock by 8.3% during the 1st quarter. State Street Corp now owns 4,699,162 shares of the energy company’s stock valued at $17,669,000 after buying an additional 359,369 shares in the last quarter. Kayne Anderson Capital Advisors LP lifted its position in shares of Archrock by 1,293.5% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 383,200 shares of the energy company’s stock valued at $1,439,000 after buying an additional 355,700 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Archrock by 136.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 541,736 shares of the energy company’s stock valued at $5,439,000 after buying an additional 313,080 shares in the last quarter. 73.30% of the stock is currently owned by institutional investors and hedge funds.

Archrock Company Profile

Archrock, Inc engages in the provision of operations, maintenance, service, and equipment for oil and natural gas production, processing, and transportation applications. It operates through the Contract Operations and Aftermarket Services segments. The Contract Operations segment is comprised of equity investment in the partnership, in addition to the owned fleet of natural gas compression equipment that the company use to provide operations services.

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