Archrock (NYSE:AROC) PT Raised to $23.00

Archrock (NYSE:AROC) had its target price raised by research analysts at Stifel Nicolaus from $20.00 to $23.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the energy company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 15.12% from the stock’s previous close.

Separately, Royal Bank of Canada boosted their target price on shares of Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.67.

Archrock Stock Up 2.5 %

Shares of NYSE AROC traded up $0.48 during mid-day trading on Thursday, reaching $19.98. The company had a trading volume of 1,019,480 shares, compared to its average volume of 1,306,672. The stock has a fifty day moving average of $19.32 and a two-hundred day moving average of $16.44. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.86 and a current ratio of 1.40. The company has a market capitalization of $3.12 billion, a price-to-earnings ratio of 24.08, a PEG ratio of 2.77 and a beta of 1.58. Archrock has a 12-month low of $8.78 and a 12-month high of $21.40.

Archrock (NYSE:AROC) last issued its quarterly earnings data 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. Archrock had a net margin of 12.54% and a return on equity of 15.39%. The firm had revenue of $268.49 million for the quarter, compared to analyst estimates of $260.51 million. During the same quarter last year, the firm earned $0.10 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. As a group, equities research analysts expect that Archrock will post 0.99 EPS for the current year.

Institutional Trading of Archrock

Several large investors have recently made changes to their positions in the business. USA Financial Formulas boosted its position in Archrock by 4,483.8% in the 4th quarter. USA Financial Formulas now owns 1,696 shares of the energy company’s stock valued at $26,000 after buying an additional 1,659 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Archrock in the first quarter worth about $43,000. GAMMA Investing LLC bought a new stake in Archrock during the 4th quarter worth about $51,000. Raymond James Financial Services Advisors Inc. acquired a new position in Archrock during the 3rd quarter valued at about $135,000. Finally, Aigen Investment Management LP bought a new position in shares of Archrock in the 3rd quarter valued at about $153,000. Institutional investors own 95.45% of the company’s stock.

Archrock Company Profile

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.