Archrock, Inc. (NYSE:AROC) Short Interest Update

Archrock, Inc. (NYSE:AROC) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 5,570,000 shares, a decrease of 7.5% from the November 15th total of 6,020,000 shares. Approximately 3.8% of the company’s stock are sold short. Based on an average daily volume of 1,290,000 shares, the days-to-cover ratio is currently 4.3 days.

Archrock Stock Performance

AROC traded up $0.21 during trading hours on Monday, hitting $26.20. The company’s stock had a trading volume of 966,242 shares, compared to its average volume of 1,423,615. Archrock has a fifty-two week low of $14.39 and a fifty-two week high of $27.05. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. The firm has a market capitalization of $4.59 billion, a PE ratio of 28.79 and a beta of 1.59. The company has a 50-day simple moving average of $23.00 and a 200 day simple moving average of $21.10.

Archrock (NYSE:AROC) last issued its quarterly earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $292.16 million during the quarter, compared to analyst estimates of $286.19 million. Archrock had a return on equity of 16.24% and a net margin of 13.34%. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period last year, the company posted $0.20 EPS. As a group, sell-side analysts expect that Archrock will post 1.09 EPS for the current year.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This is a positive change from Archrock’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 2.67%. Archrock’s dividend payout ratio (DPR) is currently 76.92%.

Institutional Trading of Archrock

Several hedge funds and other institutional investors have recently modified their holdings of AROC. B. Riley Wealth Advisors Inc. raised its holdings in shares of Archrock by 0.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 50,654 shares of the energy company’s stock worth $1,025,000 after acquiring an additional 427 shares in the last quarter. Franklin Resources Inc. grew its position in Archrock by 5.9% during the third quarter. Franklin Resources Inc. now owns 94,756 shares of the energy company’s stock worth $2,020,000 after buying an additional 5,295 shares in the last quarter. Geode Capital Management LLC grew its position in Archrock by 16.0% during the third quarter. Geode Capital Management LLC now owns 3,794,981 shares of the energy company’s stock worth $76,826,000 after buying an additional 523,825 shares in the last quarter. Barclays PLC grew its position in Archrock by 124.2% during the third quarter. Barclays PLC now owns 302,610 shares of the energy company’s stock worth $6,125,000 after buying an additional 167,648 shares in the last quarter. Finally, Continuum Advisory LLC boosted its holdings in Archrock by 5,621.6% during the third quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock valued at $43,000 after purchasing an additional 2,080 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Analyst Ratings Changes

AROC has been the topic of several research analyst reports. Royal Bank of Canada raised their target price on Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. boosted their price target on Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Evercore ISI began coverage on Archrock in a research note on Wednesday, September 25th. They set an “outperform” rating and a $24.00 price target for the company. Mizuho initiated coverage on Archrock in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $24.00 price target for the company. Finally, Citigroup began coverage on Archrock in a research report on Friday, September 27th. They issued a “buy” rating and a $24.00 target price for the company. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Archrock currently has a consensus rating of “Moderate Buy” and an average price target of $25.17.

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.