1 day Ago By ABMN Staff
Archrock, Inc. ( NYSE:AROC – Get Free Report ) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 3,720,000 shares, a decline of 8.
1% from the August 15th total of 4,050,000 shares. Currently, 2.4% of the company’s stock are short sold.
Based on an average daily trading volume, of 1,630,000 shares, the days-to-cover ratio is presently 2.3 days. Analysts Set New Price Targets A number of research firms have weighed in on AROC.
Stifel Nicolaus raised their price objective on shares of Archrock from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th.
JPMorgan Chase & Co. assumed coverage on shares of Archrock in a research report on Friday, September 6th. They set an “overweight” rating and a $24.
00 price target for the company. StockNews.com cut Archrock from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th.
Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $22.00 target price on shares of Archrock in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock.
According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.50. Read Our Latest Analysis on AROC Institutional Investors Weigh In On Archrock Archrock Stock Performance Shares of AROC traded up $0.
26 during mid-day trading on Wednesday, hitting $20.38. 1,155,421 shares of the company traded hands, compared to its average volume of 1,464,020.
The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 24.55 and a beta of 1.
51. The stock has a 50-day moving average price of $20.16 and a two-hundred day moving average price of $19.
83. Archrock has a 1 year low of $11.73 and a 1 year high of $23.
44. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.
94 and a current ratio of 1.53. Archrock ( NYSE:AROC – Get Free Report ) last posted its earnings results on Tuesday, July 30th.
The energy company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.
01. The business had revenue of $270.53 million during the quarter, compared to the consensus estimate of $270.
61 million. Archrock had a net margin of 13.20% and a return on equity of 16.
35%. Equities analysts anticipate that Archrock will post 1.07 earnings per share for the current year.
Archrock Announces Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Tuesday, August 6th were issued a $0.165 dividend.
This represents a $0.66 dividend on an annualized basis and a yield of 3.24%.
The ex-dividend date was Tuesday, August 6th. Archrock’s dividend payout ratio is 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.
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