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Wednesday, September 27, 2023

Investors’ Patience Is Being Tested Right Now By Archrock Inc. (NYSE: AROC)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Archrock Inc. (AROC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.37, or -2.94%, to $12.22. The Archrock Inc. has recorded 201,454 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Archrock Reports Second Quarter 2023 Results, Increases 2023 Guidance and Updates Capital Allocation.

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Stocks Info

Archrock Inc. is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas Equipment & Services industry. At the end of the last regular session, the stock closed at $12.59 and fluctuated between $12.76 as its day high and $12.41 as its day low. The current market capitalization of Archrock Inc. is $1.95B. A total of 0.58 million shares were traded on the day, compared to an average of 880.42K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, AROC has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 10,000 shares. Over the last 12 months, there were 19 BUYs and 22 SELLs from insiders. Insiders purchased 869,227 shares during that period but sold 1,480,666.

In the most recent transaction, Henderson Donna A sold 10,802 shares of AROC for 12.77 per share on Aug 23. After the transaction, the VP, CHIEF ACCOUNTING OFFICER now owns 39,237 company shares. In a previous transaction on Mar 06, Henderson Donna A sold 13,961 shares at 11.11 per share. AROC shares that VP, CHIEF ACCOUNTING OFFICER owns now total 50,039.

Among the insiders who sold shares, Old Ocean Reserves, LP disposed of 617,612 shares on Feb 28 at a per-share price of $11.12. This resulted in the 10% Owner holding 15,555,014 shares of AROC after the transaction. In another insider transaction, Old Ocean Reserves, LP sold 557,737 shares at $10.83 per share on Feb 27. Company shares held by the 10% Owner now total 16,172,626.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Archrock Inc. pays an annual dividend of $0.62, resulting in a dividend yield of 4.92%, and it has a price to earnings (P/E) ratio of 29.69. AROC’s most recent ex-dividend date was 8/7/2023 when it declared a $0.1550 quarterly dividend that was paid in cash on 8/15/2023. Previously, the company paid the dividend on 5/16/2023 with an ex-dividend date of 5/8/2023. The AROC stock dividend was $0.15 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for AROC in the last 3 months, the mean price target is $15.75 with high estimates of $17.00 and low estimates of $14.00. In terms of 52-week highs and lows, AROC has a high of $13.26 and a low of $6.28.

As of this writing, AROC has an earnings estimate of $0.19 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of $0.2 per share and a lower estimate of $0.18. The company reported an EPS of $0.1 in the last quarter, which was -9.10% lower than expectations of $0.11.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. AROC’s latest balance sheet shows that the firm has $1.57M in Cash & Short Term Investments as of fiscal 2021. There were $1.55B in debt and $125.25M in liabilities at the time. Its Book Value Per Share was $5.54, while its Total Shareholder’s Equity was $891.44M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AROC is Buy with a score of 4.33.

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