BNP Paribas Arbitrage SA Boosts Holdings in Archrock, Inc. (AROC)

BNP Paribas Arbitrage SA raised its stake in Archrock, Inc. (NYSE:AROC) by 71.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,544 shares of the energy company’s stock after acquiring an additional 16,462 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.06% of Archrock worth $496,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Nine Chapters Capital Management LLC acquired a new stake in Archrock in the 3rd quarter valued at about $161,000. Adams Diversified Equity Fund Inc. acquired a new stake in shares of Archrock during the 3rd quarter worth approximately $830,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Archrock during the 3rd quarter worth approximately $168,000. Aperio Group LLC acquired a new position in Archrock during the third quarter valued at approximately $195,000. Finally, First Trust Advisors LP grew its holdings in Archrock by 6.2% during the third quarter. First Trust Advisors LP now owns 143,345 shares of the energy company’s stock valued at $1,799,000 after purchasing an additional 8,348 shares during the period. Hedge funds and other institutional investors own 90.25% of the company’s stock.

Archrock, Inc. (NYSE AROC) opened at $9.50 on Friday. Archrock, Inc. has a fifty-two week low of $8.30 and a fifty-two week high of $16.40. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.63 and a quick ratio of 0.94.

Archrock (NYSE:AROC) last released its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.01). Archrock had a negative net margin of 8.62% and a negative return on equity of 2.93%. The company had revenue of $197.85 million during the quarter, compared to analyst estimates of $202.34 million. During the same quarter in the prior year, the firm earned $0.01 earnings per share. Archrock’s revenue for the quarter was up 1.0% on a year-over-year basis. equities analysts expect that Archrock, Inc. will post -0.23 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $0.48 annualized dividend and a dividend yield of 5.05%. Archrock’s dividend payout ratio is currently -48.98%.

AROC has been the subject of a number of analyst reports. BidaskClub upgraded shares of Archrock from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Royal Bank Of Canada restated a “buy” rating and set a $13.00 price objective on shares of Archrock in a report on Wednesday, September 27th. Zacks Investment Research raised shares of Archrock from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, October 3rd. Scotiabank reissued a “hold” rating and issued a $14.00 price objective on shares of Archrock in a research report on Friday, November 3rd. Finally, ValuEngine raised shares of Archrock from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $13.29.

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Archrock Profile

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.

Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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