Archrock, Inc. (NYSE:AROC) Short Interest Down 14.5% in March

Archrock, Inc. (NYSE:AROCGet Free Report) saw a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 4,590,000 shares, a decrease of 14.5% from the March 15th total of 5,370,000 shares. Based on an average trading volume of 1,340,000 shares, the short-interest ratio is presently 3.4 days. Currently, 3.4% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada upped their target price on shares of Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.67.

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Archrock Stock Down 1.1 %

Archrock stock opened at $19.90 on Tuesday. Archrock has a twelve month low of $8.78 and a twelve month high of $21.40. The firm has a 50 day moving average price of $18.64 and a 200-day moving average price of $15.87. The company has a market capitalization of $3.11 billion, a P/E ratio of 29.70, a P/E/G ratio of 2.90 and a beta of 1.59. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.82.

Archrock (NYSE:AROCGet Free Report) last released its earnings results on Wednesday, February 21st. The energy company reported $0.21 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.21. The firm had revenue of $259.60 million during the quarter, compared to the consensus estimate of $252.42 million. Archrock had a net margin of 10.60% and a return on equity of 12.63%. The company’s revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 EPS. As a group, equities analysts predict that Archrock will post 0.99 EPS for the current year.

Archrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Tuesday, February 6th were issued a $0.165 dividend. The ex-dividend date was Monday, February 5th. This is an increase from Archrock’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 3.32%. Archrock’s dividend payout ratio (DPR) is 98.51%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. USA Financial Formulas lifted its stake in Archrock by 4,483.8% in the 4th quarter. USA Financial Formulas now owns 1,696 shares of the energy company’s stock worth $26,000 after purchasing an additional 1,659 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Archrock in the 1st quarter worth approximately $31,000. Tower Research Capital LLC TRC lifted its stake in Archrock by 184.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 3,913 shares of the energy company’s stock worth $38,000 after purchasing an additional 2,539 shares in the last quarter. GAMMA Investing LLC purchased a new stake in Archrock in the 4th quarter worth approximately $51,000. Finally, Ameritas Investment Partners Inc. lifted its stake in Archrock by 13.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 11,489 shares of the energy company’s stock worth $118,000 after purchasing an additional 1,335 shares in the last quarter. 95.45% of the stock is owned by institutional investors.

Archrock Company Profile

(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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