1 week Ago By ABMN Staff
JPMorgan Chase & Co. began coverage on shares of Archrock ( NYSE:AROC – Free Report ) in a report issued on Friday morning, MarketBeat.com reports.
The firm issued an overweight rating and a $24.00 price objective on the energy company’s stock. Several other research analysts also recently weighed in on AROC.
Royal Bank of Canada reaffirmed an outperform rating and issued a $22.00 target price on shares of Archrock in a report on Wednesday, August 7th. Stifel Nicolaus lifted their price objective on shares of Archrock from $23.
00 to $25.00 and gave the company a buy rating in a research report on Wednesday, July 24th. Finally, StockNews.
com cut shares of Archrock from a buy rating to a hold rating in a research note on Thursday, June 6th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $21.
50. Read Our Latest Analysis on Archrock Archrock Price Performance Archrock Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were given a dividend of $0.
165 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.
66 dividend on an annualized basis and a dividend yield of 3.44%. Archrock’s dividend payout ratio is currently 79.
52%. Institutional Investors Weigh In On Archrock Several large investors have recently bought and sold shares of the business. USA Financial Formulas increased its stake in 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 stake in Archrock in the first quarter worth $43,000.
Quarry LP purchased a new position in Archrock during the second quarter worth $52,000. CWM LLC increased its position in Archrock by 382.0% during the second quarter.
CWM LLC now owns 3,591 shares of the energy company’s stock valued at $73,000 after acquiring an additional 2,846 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake 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 valued at $82,000 after acquiring an additional 578 shares during the period. Institutional investors own 95.45% of the company’s stock.
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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