Archrock (NYSE:AROC) Posts Earnings Results, Beats Estimates By $0.01 EPS

Archrock (NYSE:AROC) posted its quarterly earnings data on Monday. The energy company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01, Briefing.com reports. The business had revenue of $292.16 million during the quarter, compared to analysts’ expectations of $286.19 million. Archrock had a return on equity of 16.35% and a net margin of 13.20%. The firm’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 EPS.

Archrock Price Performance

Shares of AROC stock opened at $23.61 on Tuesday. Archrock has a 1 year low of $13.65 and a 1 year high of $23.73. The company has a current ratio of 1.53, a quick ratio of 0.94 and a debt-to-equity ratio of 1.80. The firm’s 50 day moving average is $20.50 and its 200-day moving average is $20.22. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 26.52 and a beta of 1.52.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Wednesday, November 6th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Wednesday, November 6th. This is a boost from Archrock’s previous quarterly dividend of $0.17. Archrock’s dividend payout ratio (DPR) is presently 78.65%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AROC shares. JPMorgan Chase & Co. assumed coverage on Archrock in a research report on Friday, September 6th. They issued an “overweight” rating and a $24.00 price objective for the company. Stifel Nicolaus raised their price objective on Archrock from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Citigroup began coverage on shares of Archrock in a research report on Friday, September 27th. They set a “buy” rating and a $24.00 target price on the stock. Royal Bank of Canada upped their price target on Archrock from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Evercore ISI began coverage on Archrock in a report on Wednesday, September 25th. They set an “outperform” rating and a $24.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.50.

Archrock Company Profile

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.