Media stories about Archrock (NYSE:AROC) have trended somewhat positive on Friday, according to AlphaOne Sentiment. The research firm, a unit of Accern, identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Archrock earned a media sentiment score of 0.21 on AlphaOne’s scale. AlphaOne also gave media headlines about the energy company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the company’s share price in the near term.
Several research analysts have issued reports on AROC shares. Simmons upped their price target on Archrock from $14.25 to $14.75 and gave the company a “neutral” rating in a report on Tuesday, April 11th. Zacks Investment Research cut Archrock from a “hold” rating to a “sell” rating in a report on Monday, May 1st. Royal Bank of Canada reaffirmed a “hold” rating and issued a $13.00 price target on shares of Archrock in a report on Friday, May 5th. Finally, Scotiabank set a $16.00 price target on Archrock and gave the company a “hold” rating in a report on Friday, February 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. Archrock currently has an average rating of “Hold” and a consensus target price of $13.25.
Archrock (NYSE:AROC) traded up 2.78% during trading on Friday, reaching $11.10. 85,652 shares of the company’s stock traded hands. The firm’s 50 day moving average is $12.00 and its 200 day moving average is $13.24. Archrock has a 12 month low of $6.50 and a 12 month high of $16.40. The company’s market cap is $787.87 million.
Archrock (NYSE:AROC) last issued its quarterly earnings data on Thursday, May 4th. The energy company reported ($0.11) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.06. Archrock had a negative return on equity of 1.48% and a negative net margin of 17.11%. The company had revenue of $189.90 million for the quarter, compared to the consensus estimate of $191.30 million. Archrock’s revenue for the quarter was down 2.0% compared to the same quarter last year. Analysts anticipate that Archrock will post ($0.44) EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 16th. Stockholders of record on Tuesday, May 9th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 4.44%. The ex-dividend date was Thursday, May 4th. Archrock’s dividend payout ratio is -30.77%.
In other Archrock news, CFO David S. Miller sold 3,265 shares of the business’s stock in a transaction that occurred on Tuesday, March 7th. The shares were sold at an average price of $13.23, for a total transaction of $43,195.95. Following the sale, the chief financial officer now directly owns 123,971 shares of the company’s stock, valued at approximately $1,640,136.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider D Bradley Childers sold 18,488 shares of the business’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $13.23, for a total transaction of $244,596.24. Following the sale, the insider now directly owns 647,986 shares in the company, valued at $8,572,854.78. The disclosure for this sale can be found here. Insiders have sold 26,694 shares of company stock valued at $353,076 in the last three months. 2.60% of the stock is owned by insiders.
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Archrock, Inc is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States.
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