Archrock Inc (NYSE:AROC) Short Interest Up 6.6% in January

Archrock Inc (NYSE:AROC) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 4,520,000 shares, an increase of 6.6% from the January 15th total of 4,240,000 shares. Approximately 3.5% of the shares of the stock are sold short. Based on an average daily volume of 960,000 shares, the days-to-cover ratio is currently 4.7 days.

A number of equities research analysts recently issued reports on AROC shares. ValuEngine raised shares of Archrock from a “sell” rating to a “hold” rating in a research note on Wednesday, January 15th. Zacks Investment Research downgraded shares of Archrock from a “hold” rating to a “sell” rating in a research note on Friday, January 17th.

A number of institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC purchased a new stake in shares of Archrock in the third quarter valued at $41,000. Citizens Financial Group Inc RI raised its stake in shares of Archrock by 12,751.7% in the fourth quarter. Citizens Financial Group Inc RI now owns 7,454 shares of the energy company’s stock valued at $75,000 after acquiring an additional 7,396 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of Archrock in the third quarter valued at $95,000. Parallel Advisors LLC purchased a new stake in shares of Archrock in the fourth quarter valued at $96,000. Finally, Nisa Investment Advisors LLC raised its stake in shares of Archrock by 1,058.8% in the third quarter. Nisa Investment Advisors LLC now owns 9,850 shares of the energy company’s stock valued at $98,000 after acquiring an additional 9,000 shares during the period. 75.77% of the stock is currently owned by institutional investors.

Archrock stock opened at $8.47 on Monday. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 17.65 and a beta of 2.81. The firm’s fifty day moving average is $9.20 and its 200 day moving average is $9.42. The company has a quick ratio of 1.04, a current ratio of 1.51 and a debt-to-equity ratio of 1.74. Archrock has a 52-week low of $7.91 and a 52-week high of $11.43.

The firm also recently declared a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 6.85%. The ex-dividend date was Thursday, February 6th. Archrock’s payout ratio is 120.83%.

Archrock Company Profile

Archrock, Inc engages in the provision of operations, maintenance, service, and equipment for oil and natural gas production, processing, and transportation applications. It operates through the Contract Operations and Aftermarket Services segments. The Contract Operations segment is comprised of equity investment in the partnership, in addition to the owned fleet of natural gas compression equipment that the company use to provide operations services.

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