Archrock Inc (NYSE: AROC) is 25.26% higher on its value in year-to-date trading and has touched a low of $8.78 and a high of $19.42 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AROC stock was last observed hovering at around $18.96 in the last trading session, with the day’s gains setting it 0.33%.
Currently trading at $19.29, the stock is 5.01% and 14.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing 1.74% at the moment leaves the stock 40.93% off its SMA200. AROC registered 97.85% gain for a year compared to 6-month gain of 57.08%. The firm has a 50-day simple moving average (SMA 50) of $4.66 and a 200-day simple moving average (SMA200) of $10.89.
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The stock witnessed a 9.35% loss in the last 1 month and extending the period to 3 months gives it a 24.77%, and is 1.85% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.17% over the week and 3.02% over the month.
Archrock Inc (AROC) has around 1100 employees, a market worth around $3.01B and $990.34M in sales. Current P/E ratio is 28.94 and Fwd P/E is 16.58. Profit margin for the company is 10.40%. Distance from 52-week low is 119.68% and -0.67% from its 52-week high. The company has generated returns on investments over the last 12 months (4.17%).
Archrock Inc quarterly earnings per share for the current quarter are estimated at $0.22 with sales reaching $260.51M over the same period.The EPS is expected to grow by 49.25% this year, but quarterly earnings will post 9.20% year-over-year. Quarterly sales are estimated to grow 13.30% in year-over-year returns.
338 institutions hold shares in Archrock Inc (AROC), with institutional investors hold 99.21% of the company’s shares. The shares outstanding are 155.96M, and float is at 133.89M with Short Float at 3.18%. Institutions hold 91.68% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 24.37 million shares valued at $249.74 million. The investor’s holdings represent 15.57% of the AROC Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 17.41 million shares valued at $178.42 million to account for 11.12% of the shares outstanding. The other top investors are Earnest Partners LLC which holds 12.23 million shares representing 7.81% and valued at over $125.31 million, while Dimensional Fund Advisors LP holds 6.64% of the shares totaling 10.39 million with a market value of $106.49 million.
Archrock Inc (AROC) Insider Activity
The most recent transaction is an insider sale by Henderson Donna A, the company’s VP, CHIEF ACCOUNTING OFFICER. SEC filings show that Henderson Donna A sold 10,802 shares of the company’s common stock on Aug 23 ’23 at a price of $12.77 per share for a total of $0.14 million. Following the sale, the insider now owns 39237.0 shares.
