Key Points
- Archrock SVP Jason Ingersoll sold 33,000 shares on May 18 at an average price of $38.19, for total proceeds of about $1.26 million. After the sale, he still held 277,454 shares, and the transaction reduced his position by 10.63%.
- The stock fell 1.5% and recently traded around $38.04, near its 12-month high of $40.12. Despite the pullback, Archrock remains above its 50-day and 200-day moving averages.
- Fundamentals and sentiment are mixed: the company recently missed quarterly EPS and revenue estimates, but revenue still grew 7.7% year over year. Analysts remain generally positive, with a consensus “Buy” rating and a target price around $40.86, while Archrock also pays a quarterly dividend of $0.22 per share.
Archrock, Inc. (NYSE:AROC - Get Free Report) SVP Jason Ingersoll sold 33,000 shares of Archrock stock in a transaction on Monday, May 18th. The shares were sold at an average price of $38.19, for a total value of $1,260,270.00. Following the transaction, the senior vice president owned 277,454 shares of the company's stock, valued at $10,595,968.26. The trade was a 10.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Archrock Stock Down 1.5%
Shares of NYSE:AROC opened at $38.04 on Wednesday. The stock has a fifty day simple moving average of $36.39 and a two-hundred day simple moving average of $30.73. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 1.65 and a beta of 0.94. Archrock, Inc. has a 12-month low of $21.17 and a 12-month high of $40.12. The company has a current ratio of 1.41, a quick ratio of 0.91 and a debt-to-equity ratio of 1.57.
Archrock (NYSE:AROC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.05). The company had revenue of $373.77 million for the quarter, compared to analysts' expectations of $378.36 million. Archrock had a net margin of 21.45% and a return on equity of 22.89%. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. On average, research analysts anticipate that Archrock, Inc. will post 1.95 earnings per share for the current fiscal year.
Archrock Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 12th were issued a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, May 12th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.3%. Archrock's dividend payout ratio (DPR) is presently 47.83%.
More Archrock News
Here are the key news stories impacting Archrock this week:
- Positive Sentiment: Archrock has continued to attract favorable Wall Street coverage, including recent price-target increases from Citigroup and Wells Fargo, with a consensus analyst rating of “Buy” and an average target above the current share price. Archrock analyst coverage and stock analysis
- Positive Sentiment: The company recently declared a quarterly dividend of $0.22 per share, reinforcing its income appeal for shareholders. Archrock dividend announcement
- Neutral Sentiment: Archrock reported first-quarter results that missed earnings and revenue estimates, even though revenue still grew year over year; this is a mixed fundamental signal rather than a clear catalyst. Archrock earnings results
- Negative Sentiment: CEO/CFO-level insider selling has been a headwind for sentiment, with CFO Doug Aron and SVP Jason Ingersoll both selling shares in recent filings. SEC filing for Doug Aron sale SEC filing for Jason Ingersoll sale
Institutional Trading of Archrock
Several large investors have recently modified their holdings of AROC. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Archrock in the fourth quarter worth $61,144,000. Neuberger Berman Group LLC grew its holdings in shares of Archrock by 9,756.7% in the fourth quarter. Neuberger Berman Group LLC now owns 1,293,002 shares of the energy company's stock worth $33,644,000 after acquiring an additional 1,279,884 shares during the period. Stephens Investment Management Group LLC bought a new stake in shares of Archrock in the fourth quarter worth $32,904,000. HITE Hedge Asset Management LLC bought a new stake in shares of Archrock in the third quarter worth $19,603,000. Finally, Norges Bank bought a new stake in shares of Archrock in the fourth quarter worth $18,721,000. Institutional investors own 95.45% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on AROC shares. Citigroup increased their price objective on Archrock from $40.00 to $43.00 and gave the company a "buy" rating in a research report on Wednesday, May 13th. Wells Fargo & Company increased their price objective on Archrock from $40.00 to $43.00 and gave the company an "overweight" rating in a research report on Thursday, May 7th. Mizuho increased their price objective on Archrock from $32.00 to $38.00 and gave the company an "outperform" rating in a research report on Thursday, April 2nd. Royal Bank Of Canada increased their price objective on Archrock from $32.00 to $40.00 and gave the company an "outperform" rating in a research report on Monday, March 16th. Finally, Weiss Ratings raised Archrock from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $40.86.
Read Our Latest Analysis on AROC
Archrock Company Profile
(
Get Free Report)
Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock's offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.
The company's core business activities focus on the design, manufacture, rental and sale of gas compression equipment.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
