Archrock, Inc. (NYSE:AROC) Short Interest Update

Archrock, Inc. (NYSE:AROC) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 5,750,000 shares, an increase of 9.7% from the May 31st total of 5,240,000 shares. Based on an average daily volume of 1,430,000 shares, the days-to-cover ratio is presently 4.0 days. Currently, 4.3% of the shares of the company are short sold.

Institutional Investors Weigh In On Archrock

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Archrock by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 18,321,555 shares of the energy company’s stock worth $360,385,000 after purchasing an additional 849,750 shares during the last quarter. Earnest Partners LLC grew its position in Archrock by 2.6% in the first quarter. Earnest Partners LLC now owns 14,007,955 shares of the energy company’s stock worth $275,536,000 after buying an additional 351,391 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Archrock by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 10,624,601 shares of the energy company’s stock valued at $163,620,000 after buying an additional 145,397 shares in the last quarter. Blackstone Inc. lifted its position in shares of Archrock by 4,211.9% during the 4th quarter. Blackstone Inc. now owns 5,903,142 shares of the energy company’s stock valued at $90,908,000 after acquiring an additional 5,766,237 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Archrock by 5.8% during the 1st quarter. Sei Investments Co. now owns 5,409,863 shares of the energy company’s stock worth $106,412,000 after acquiring an additional 295,998 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors.

Archrock Price Performance

Shares of NYSE:AROC traded up $0.51 during trading on Wednesday, reaching $20.91. The company had a trading volume of 864,557 shares, compared to its average volume of 1,397,516. Archrock has a twelve month low of $9.57 and a twelve month high of $21.60. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.74 and a current ratio of 1.26. The firm has a market capitalization of $3.27 billion, a PE ratio of 24.57, a price-to-earnings-growth ratio of 1.57 and a beta of 1.53. The firm’s fifty day moving average is $19.73 and its 200 day moving average is $18.26.

Archrock (NYSE:AROC) last released its earnings results on Wednesday, May 1st. The energy company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. Archrock had a return on equity of 15.30% and a net margin of 12.54%. The firm had revenue of $268.49 million during the quarter, compared to the consensus estimate of $260.51 million. During the same period in the prior year, the firm posted $0.10 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, equities analysts forecast that Archrock will post 1.07 EPS for the current year.

Archrock Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th were issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date was Monday, May 6th. Archrock’s payout ratio is currently 79.52%.

Wall Street Analyst Weigh In

Several research firms have commented on AROC. 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 research report on Thursday, March 28th. Stifel Nicolaus raised their target price on Archrock from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Finally, StockNews.com lowered Archrock from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Archrock has a consensus rating of “Moderate Buy” and a consensus price target of $19.67.

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.