As of Friday close, Archrock Inc.’s (NYSE:AROC) stock was up $0.03, moving up 0.24 percent to $12.68. The average number of shares traded per day over the past five days has been 673,500 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.37 fall in that time frame. In the last twenty days, the average volume was 936,785, while in the previous 50 days, it was 866,032.
Since last month, AROC stock rose 19.40%. Shares of the company fell to $10.41 on 07/19/23, the lowest level in the past month. A 52-week high of $13.26 was reached on 08/09/23 after having rallying from a 52-week low of $6.28. Since the beginning of this year, AROC’s stock price has risen by 41.20% or $3.70, and marked a new high 22 times. However, the stock has declined by -4.37% since its 52-week high.
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AROC stock investors should be aware that Archrock Inc. (AROC) stock had its last reported insider trading activity 166 days ago on Mar 06. Henderson Donna A, the VP, CHIEF ACCOUNTING OFFICER of the company, disposed of 13,961 shares for $11.11 on Mar 06. It resulted in a $155,107 divestment by the insider. Old Ocean Reserves, LP sold 617,612 shares at an average price of $11.12 on Feb 28. The insider now owns 15,555,014 shares following the transaction. On Feb 27, 10% Owner Old Ocean Reserves, LP sold 557,737 shares at $10.83 apiece. The transaction was valued at $6,040,292.
Valuation Metrics
Right now, Archrock Inc. (AROC) has a P/E ratio of about 29.91. The stock’s beta is 1.70. Besides these, the trailing price-to-sales (P/S) ratio of 2.14, the price-to-book (PB) ratio of 2.29.
The latest dividend of $0.1550 per share was paid out, which is 3.33% more than last year’s $0.15. On Thursday July 27 2023, a $0.0050 dividend increase was announced.
Financial Health
In the three months ended June 29, Archrock Inc.’s quick ratio stood at 0.90, while its current ratio was 1.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.92, and the total debt-to-equity ratio was 1.92. On the profitability front, the trailing twelve-month gross margin is 51.50% percent. In the year ended June 29, EBITDA margin amounted to 37.15%, whereas operating margins totaled 18.90%. Based on annual data, AROC earned $426.08 million in gross profit and brought in $845.57 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.40%. Return on equity (ROE) for the past 12 months was 7.60%.
In Archrock Inc.’s quarter-end financial report for June 29, it reported total debt of $1.64 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AROC’s revenue rose 12.81% to $229.83 million during the quarter, while net income inched up to $247.54 million. While analysts expected Archrock Inc. to report $0.14 quarterly earnings, the actual figure was $0.16 per share, beating the consensus estimate by 14.30%. During the quarter, the company generated $112.98 million in EBITDA. The liabilities of Archrock Inc. were 1.82 billion at the end of its most recent quarter ended June 29, and its total debt was $1.65 billion. The value of shareholders’ equity is $156.5 million.
Technical Picture
This quick technical analysis looks at Archrock Inc.’s (AROC) price momentum. With a historical volatility rate of 23.69%, the RSI 9-day stood at 59.89% on 18 August.
With respect to its five-day moving average, the current Archrock Inc. price is down by -2.84% percent or -$0.37. At present, AROC shares trade +18.06% above its 20-day simple moving average and +31.95% percent above its 100-day simple moving average. However, the stock is currently trading approximately +24.93% above its SMA50 and +68.84% above its SMA200.
Stochastic coefficient K was 66.82% and Stochastic coefficient D was 71.65%, while ATR was 0.36. Given the Stochastic reading of 66.47% for the 14-day period, the RSI (14) reading has been calculated as 64.55%. As of today, the MACD Oscillator reading stands at -0.19, while the 14-day reading stands at -0.18.
Analyst Ratings
Raymond James launched its rating on Archrock Inc. (NYSE: AROC) to an Outperform in a note to investors on December 09, 2022. Archrock Inc. (AROC) has been rated Buy by analysts. According to 0 brokerage firms, AROC is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Archrock Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $16.00, the current consensus forecast for the stock is $14.00 – $17.00. Based on these forecasts, analysts predict Archrock Inc. (AROC) will achieve an average price target of $15.75.
