Q3 2024 EPS Estimates for Archrock, Inc. (NYSE:AROC) Raised by Analyst

Archrock, Inc. (NYSE:AROC) – Analysts at Sidoti Csr raised their Q3 2024 earnings per share estimates for Archrock in a report released on Thursday, September 5th. Sidoti Csr analyst S. Ferazani now expects that the energy company will post earnings per share of $0.26 for the quarter, up from their previous estimate of $0.25. The consensus estimate for Archrock’s current full-year earnings is $1.07 per share. Sidoti Csr also issued estimates for Archrock’s FY2024 earnings at $1.07 EPS, Q1 2025 earnings at $0.32 EPS and Q2 2025 earnings at $0.34 EPS.

AROC has been the subject of a number of other reports. StockNews.com cut shares of Archrock from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Stifel Nicolaus upped their price objective on Archrock from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. initiated coverage on Archrock in a report on Friday, September 6th. They set an “overweight” rating and a $24.00 price target for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $22.00 price objective on shares of Archrock in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.50.

Archrock Price Performance

Shares of NYSE:AROC opened at $18.66 on Monday. The company has a quick ratio of 0.94, a current ratio of 1.53 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $3.15 billion, a PE ratio of 22.39 and a beta of 1.51. The firm’s 50 day moving average price is $20.30 and its 200-day moving average price is $19.78. Archrock has a twelve month low of $11.73 and a twelve month high of $23.44.

Hedge Funds Weigh In On Archrock

Several large investors have recently made changes to their positions in the business. USA Financial Formulas boosted its position in shares of Archrock by 4,483.8% during the fourth quarter. USA Financial Formulas now owns 1,696 shares of the energy company’s stock worth $26,000 after acquiring an additional 1,659 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Archrock during the 1st quarter valued at about $43,000. Quarry LP purchased a new position in shares of Archrock during the second quarter valued at about $52,000. CWM LLC increased its holdings in shares of Archrock by 382.0% in the second quarter. CWM LLC now owns 3,591 shares of the energy company’s stock worth $73,000 after purchasing an additional 2,846 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Archrock by 16.6% in the second quarter. GAMMA Investing LLC now owns 4,052 shares of the energy company’s stock worth $82,000 after buying an additional 578 shares in the last quarter. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Archrock Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were paid a $0.165 dividend. The ex-dividend date was Tuesday, August 6th. This represents a $0.66 dividend on an annualized basis and a yield of 3.54%. Archrock’s payout ratio is presently 79.52%.

About Archrock

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.