Archrock, Inc. (NYSE:AROC) Short Interest Up 5.4% in May

Archrock, Inc. (NYSE:AROCGet Free Report) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 5,240,000 shares, a growth of 5.4% from the May 15th total of 4,970,000 shares. Based on an average trading volume of 1,450,000 shares, the days-to-cover ratio is presently 3.6 days. Approximately 3.9% of the shares of the company are sold short.

Institutional Investors Weigh In On Archrock

Large investors have recently added to or reduced their stakes in the business. New York State Common Retirement Fund boosted its holdings in Archrock by 21.6% in the third quarter. New York State Common Retirement Fund now owns 55,935 shares of the energy company’s stock worth $705,000 after acquiring an additional 9,933 shares in the last quarter. Swiss National Bank increased its position in Archrock by 0.9% in the third quarter. Swiss National Bank now owns 310,000 shares of the energy company’s stock worth $3,906,000 after buying an additional 2,900 shares during the last quarter. HighTower Advisors LLC increased its position in Archrock by 114.8% in the third quarter. HighTower Advisors LLC now owns 122,763 shares of the energy company’s stock worth $1,547,000 after buying an additional 65,599 shares during the last quarter. Deutsche Bank AG grew its position in shares of Archrock by 11.0% in the third quarter. Deutsche Bank AG now owns 84,122 shares of the energy company’s stock valued at $1,060,000 after purchasing an additional 8,310 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Archrock by 1.7% during the third quarter. Rhumbline Advisers now owns 483,701 shares of the energy company’s stock valued at $6,095,000 after buying an additional 8,053 shares during the period. Institutional investors and hedge funds own 95.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AROC. Royal Bank of Canada lifted their price target on Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Stifel Nicolaus lifted their price objective on Archrock from $20.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Finally, StockNews.com downgraded Archrock from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $19.67.

Check Out Our Latest Report on Archrock

Archrock Price Performance

AROC traded up $0.32 on Wednesday, reaching $19.09. The stock had a trading volume of 1,135,589 shares, compared to its average volume of 1,313,808. Archrock has a fifty-two week low of $9.57 and a fifty-two week high of $21.60. The firm has a 50-day moving average of $19.74 and a 200-day moving average of $17.91. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 1.46 and a beta of 1.57.

Archrock (NYSE:AROCGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04. The company had revenue of $268.49 million during the quarter, compared to analysts’ expectations of $260.51 million. Archrock had a return on equity of 15.30% and a net margin of 12.54%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share. As a group, sell-side analysts anticipate that Archrock will post 1.07 EPS for the current year.

Archrock Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Monday, May 6th. This represents a $0.66 annualized dividend and a yield of 3.46%. Archrock’s dividend payout ratio is currently 79.52%.

About Archrock

(Get Free Report)

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.

Read More

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.