Prepare Yourself for Liftoff: Archrock Inc (AROC)

With 1.69 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.44 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $20.085 whereas the lowest price it dropped to was $19.77. The 52-week range on AROC shows that it touched its highest point at $21.40 and its lowest point at $8.92 during that stretch. It currently has a 1-year price target of $22.00. With its current market cap of 3.13 billion, AROC has annualized dividend of $0.64 while the current yield stands at 3.20%. Beta for the stock currently stands at 1.56.

Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AROC was down-trending over the past week, with a drop of -0.79%, but this was up by 3.15% over a month. Three-month performance surged to 23.00% while six-month performance rose 44.82%. The stock gained 108.99% in the past year, while it has gained 29.87% so far this year. A look at the trailing 12-month EPS for AROC yields 0.82 with Next year EPS estimates of 1.26. For the next quarter, that number is 0.26. This implies an EPS growth rate of 60.20% for this year and 17.08% for next year. EPS is expected to decline by -12.91% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 29.28%.

Float and Shares Shorts:

At present, 155.96 million AROC shares are outstanding with a float of 133.89 million shares on hand for trading. On 2024-04-30, short shares totaled 5.0 million, which was 320.0 higher than short shares on 1711584000. In addition to Mr. D. Bradley Childers as the firm’s President, CEO & Director, Mr. Douglas S. Aron serves as its Senior VP & CFO.

Institutional Ownership:

Through their ownership of 0.92932 of AROC’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-03-31, AROC reported revenue of $268488000.0 and operating income of $81245000.0. The EBITDA in the recently reported quarter was $124888000.0 and diluted EPS was $0.26.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AROC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.