As of Thursday close, Archrock Inc.’s (NYSE:AROC) stock was down -$0.07, moving down -0.57 percent to $12.13. The average number of shares traded per day over the past five days has been 1,208,540 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.23 fall in that time frame. In the last twenty days, the average volume was 899,280, while in the previous 50 days, it was 885,624.
Since last month, AROC stock retreated -3.19%. Shares of the company fell to $12.03 on 09/15/23, 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 35.08% or $3.15, and marked a new high 22 times. However, the stock has declined by -8.52% 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 30 days ago on Aug 23. Henderson Donna A, the VP, CHIEF ACCOUNTING OFFICER of the company, disposed of 10,802 shares for $12.77 on Aug 23. It resulted in a $137,942 divestment by the insider. Henderson Donna A sold 13,961 shares at an average price of $11.11 on Mar 06. The insider now owns 50,039 shares following the transaction. On Feb 28, 10% Owner Old Ocean Reserves, LP sold 617,612 shares at $11.12 apiece. The transaction was valued at $6,867,845.
Valuation Metrics
Right now, Archrock Inc. (AROC) has a P/E ratio of about 28.61. The stock’s beta is 1.74. Besides these, the trailing price-to-sales (P/S) ratio of 2.13, the price-to-book (PB) ratio of 2.19.
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 23.30%, the RSI 9-day stood at 38.21% on 21 September.
With respect to its five-day moving average, the current Archrock Inc. price is down by -1.86% percent or -$0.23. At present, AROC shares trade -4.86% below its 20-day simple moving average and +17.88% percent above its 100-day simple moving average. However, the stock is currently trading approximately +18.81% above its SMA50 and +36.14% above its SMA200.
Stochastic coefficient K was 15.07% and Stochastic coefficient D was 20.58%, while ATR was 0.30. Given the Stochastic reading of 8.70% for the 14-day period, the RSI (14) reading has been calculated as 43.69%. As of today, the MACD Oscillator reading stands at -0.11, while the 14-day reading stands at -0.23.
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.
