Archrock, Inc. (NYSE:AROC) Short Interest Up 15.7% in April

Archrock, Inc. (NYSE:AROC) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 5,310,000 shares, an increase of 15.7% from the March 31st total of 4,590,000 shares. Based on an average daily volume of 1,340,000 shares, the short-interest ratio is currently 4.0 days. Approximately 4.0% of the shares of the company are short sold.

Archrock Stock Down 0.4 %

Shares of Archrock stock traded down $0.07 during trading on Monday, reaching $20.13. The stock had a trading volume of 1,016,541 shares, compared to its average volume of 1,297,779. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 30.10, a P/E/G ratio of 2.91 and a beta of 1.59. The stock has a fifty day moving average price of $19.22 and a two-hundred day moving average price of $16.32. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.82. Archrock has a 52 week low of $8.78 and a 52 week high of $21.40.

Archrock (NYSE:AROC) last released its earnings results on Wednesday, February 21st. The energy company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Archrock had a net margin of 10.60% and a return on equity of 12.63%. The business had revenue of $259.60 million during the quarter, compared to analysts’ expectations of $252.42 million. During the same period last year, the business earned $0.07 earnings per share. The firm’s revenue was up 18.6% on a year-over-year basis. Sell-side analysts predict that Archrock will post 0.99 EPS for the current fiscal year.

Archrock Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Monday, May 6th. Archrock’s dividend payout ratio (DPR) is currently 98.51%.

Hedge Funds Weigh In On Archrock

Hedge funds have recently bought and sold shares of the company. USA Financial Formulas increased its holdings in Archrock by 4,483.8% in the fourth quarter. USA Financial Formulas now owns 1,696 shares of the energy company’s stock valued at $26,000 after purchasing an additional 1,659 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Archrock during the first quarter valued at approximately $43,000. GAMMA Investing LLC acquired a new position in Archrock during the fourth quarter worth $51,000. Raymond James Financial Services Advisors Inc. bought a new position in Archrock in the 3rd quarter valued at about $135,000. Finally, Aigen Investment Management LP purchased a new position in shares of Archrock during the third quarter valued at approximately $153,000. 95.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Royal Bank of Canada increased 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. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.67.

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.