The stock of Archrock Inc (NYSE: AROC) has decreased by -0.90 when compared to last closing price of 24.54.Despite this, the company has seen a gain of 2.79% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-17 that Q3 results showed a step change in gross margins from the company’s baseline compressor fleet. The TOPS fleet should continue to push gross margin even higher in Q4, potentially reaching 70%. The natural gas growth thesis remains intact, giving the company a multi-year tail wind.
Is It Worth Investing in Archrock Inc (NYSE: AROC) Right Now?
The price-to-earnings ratio for Archrock Inc (NYSE: AROC) is above average at 26.78x. The 36-month beta value for AROC is also noteworthy at 1.55. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
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The public float for AROC is 145.93M, and at present, short sellers hold a 3.80% of that float. The average trading volume of AROC on November 21, 2024 was 1.22M shares.
AROC’s Market Performance
The stock of Archrock Inc (AROC) has seen a 2.79% increase in the past week, with a 19.33% rise in the past month, and a 26.14% gain in the past quarter. The volatility ratio for the week is 3.27%, and the volatility levels for the past 30 days are at 3.14% for AROC. The simple moving average for the last 20 days is 10.32% for AROC’s stock, with a simple moving average of 21.70% for the last 200 days.
Analysts’ Opinion of AROC
Many brokerage firms have already submitted their reports for AROC stocks, with Mizuho repeating the rating for AROC by listing it as a “Outperform.” The predicted price for AROC in the upcoming period, according to Mizuho is $24 based on the research report published on October 02, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see AROC reach a price target of $24. The rating they have provided for AROC stocks is “Buy” according to the report published on September 27th, 2024.
Evercore ISI gave a rating of “Outperform” to AROC, setting the target price at $24 in the report published on September 25th of the current year.
AROC Trading at 14.40% from the 50-Day Moving Average
After a stumble in the market that brought AROC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.56% of loss for the given period.
Volatility was left at 3.14%, however, over the last 30 days, the volatility rate increased by 3.27%, as shares surge +20.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.75% upper at present.
During the last 5 trading sessions, AROC rose by +2.79%, which changed the moving average for the period of 200-days by +54.22% in comparison to the 20-day moving average, which settled at $22.05. In addition, Archrock Inc saw 57.92% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for AROC
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.42 for the gross margin
The net margin for Archrock Inc stands at 0.13. The total capital return value is set at 0.03. Equity return is now at value 13.33, with 4.42 for asset returns.
Based on Archrock Inc (AROC), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 1.74. The interest coverage ratio of the stock is 0.82.
Currently, EBITDA for the company is 702.75 million with net debt to EBITDA at 4.03. When we switch over and look at the enterprise to sales, we see a ratio of 5.96. The receivables turnover for the company is 7.32for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.26.
Conclusion
In summary, Archrock Inc (AROC) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
