Archrock Inc (NYSE:AROC) CEO D Bradley Childers Purchases 5,555 Shares of Stock

Archrock Inc (NYSE:AROC) CEO D Bradley Childers acquired 5,555 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were purchased at an average price of $8.97 per share, with a total value of $49,828.35. Following the acquisition, the chief executive officer now owns 1,187,238 shares of the company’s stock, valued at approximately $10,649,524.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

D Bradley Childers also recently made the following trade(s):

  • On Wednesday, August 14th, D Bradley Childers purchased 12,050 shares of Archrock stock. The stock was bought at an average price of $8.19 per share, with a total value of $98,689.50.

Archrock stock opened at $9.00 on Friday. The stock has a market capitalization of $1.53 billion, a PE ratio of 18.75 and a beta of 2.82. Archrock Inc has a twelve month low of $7.26 and a twelve month high of $11.43. The company has a quick ratio of 1.04, a current ratio of 1.51 and a debt-to-equity ratio of 1.74. The company has a 50 day moving average of $9.77 and a 200-day moving average of $9.82.

Archrock (NYSE:AROC) last released its quarterly earnings results on Monday, October 28th. The energy company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.02). The company had revenue of $244.95 million during the quarter, compared to analyst estimates of $251.90 million. Archrock had a net margin of 6.74% and a return on equity of 7.68%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 EPS. Equities analysts anticipate that Archrock Inc will post 0.61 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th will be issued a $0.145 dividend. This represents a $0.58 annualized dividend and a dividend yield of 6.44%. The ex-dividend date of this dividend is Wednesday, November 6th. Archrock’s dividend payout ratio (DPR) is presently 120.83%.

Several research firms have recently weighed in on AROC. B. Riley set a $17.00 price target on shares of Archrock and gave the company a “buy” rating in a report on Monday, September 30th. Zacks Investment Research upgraded shares of Archrock from a “sell” rating to a “hold” rating in a report on Wednesday, October 23rd.

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC acquired a new position in shares of Archrock in the third quarter valued at approximately $41,000. Russell Investments Group Ltd. bought a new stake in shares of Archrock in the third quarter worth $95,000. Nisa Investment Advisors LLC lifted its position in shares of Archrock by 1,058.8% in the third quarter. Nisa Investment Advisors LLC now owns 9,850 shares of the energy company’s stock worth $98,000 after purchasing an additional 9,000 shares in the last quarter. Magnus Financial Group LLC bought a new stake in shares of Archrock in the second quarter worth $144,000. Finally, Virginia Retirement Systems ET AL bought a new stake in shares of Archrock in the second quarter worth $148,000. Institutional investors own 88.68% of the company’s stock.

Archrock Company Profile

Archrock, Inc engages in the provision of operations, maintenance, service, and equipment for oil and natural gas production, processing, and transportation applications. It operates through the Contract Operations and Aftermarket Services segments. The Contract Operations segment is comprised of equity investment in the partnership, in addition to the owned fleet of natural gas compression equipment that the company use to provide operations services.

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