Archrock Inc (NYSE:AROC) CEO D Bradley Childers Acquires 250,000 Shares of Stock

Archrock Inc (NYSE:AROC) CEO D Bradley Childers bought 250,000 shares of Archrock stock in a transaction that occurred on Wednesday, November 6th. The stock was bought at an average price of $0.90 per share, for a total transaction of $225,000.00.

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

  • On Monday, November 11th, D Bradley Childers bought 5,555 shares of Archrock stock. The stock was purchased at an average price of $9.00 per share, for a total transaction of $49,995.00.
  • On Friday, November 8th, D Bradley Childers bought 5,555 shares of Archrock stock. The stock was purchased at an average price of $8.97 per share, for a total transaction of $49,828.35.
  • On Wednesday, August 14th, D Bradley Childers purchased 12,050 shares of Archrock stock. The stock was bought at an average cost of $8.19 per share, with a total value of $98,689.50.

Shares of AROC stock traded up $0.37 during mid-day trading on Wednesday, hitting $8.51. The company’s stock had a trading volume of 1,100,434 shares, compared to its average volume of 821,231. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 17.73 and a beta of 2.80. The company has a debt-to-equity ratio of 1.74, a quick ratio of 1.04 and a current ratio of 1.51. The business has a 50-day moving average price of $9.22 and a 200 day moving average price of $9.64. Archrock Inc has a 52-week low of $7.26 and a 52-week high of $11.43.

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

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were issued a $0.145 dividend. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $0.58 annualized dividend and a dividend yield of 6.82%. Archrock’s payout ratio is 120.83%.

A number of equities research analysts recently commented on AROC shares. Zacks Investment Research raised Archrock from a “sell” rating to a “hold” rating in a research report on Wednesday, October 23rd. B. Riley set a $17.00 target price on Archrock and gave the company a “buy” rating in a research report on Monday, September 30th.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth Bank of Australia increased its holdings in Archrock by 53.4% during the 2nd quarter. Commonwealth Bank of Australia now owns 33,900 shares of the energy company’s stock worth $359,000 after purchasing an additional 11,800 shares during the period. Envestnet Asset Management Inc. increased its holdings in Archrock by 19.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 102,764 shares of the energy company’s stock worth $1,025,000 after purchasing an additional 16,827 shares during the period. Capital Investment Advisors LLC boosted its position in Archrock by 60.5% during the 3rd quarter. Capital Investment Advisors LLC now owns 16,244 shares of the energy company’s stock valued at $162,000 after acquiring an additional 6,124 shares in the last quarter. Scotia Capital Inc. boosted its position in Archrock by 3.0% during the 2nd quarter. Scotia Capital Inc. now owns 92,987 shares of the energy company’s stock valued at $986,000 after acquiring an additional 2,750 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Archrock by 121.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 98,070 shares of the energy company’s stock valued at $977,000 after acquiring an additional 53,700 shares in the last quarter. Hedge funds and other institutional investors own 75.61% of the company’s stock.

About Archrock

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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