Archrock, Inc. (AROC) To Go Ex-Dividend on May 6th

Archrock, Inc. (NYSE:AROC) announced a quarterly dividend on Friday, April 26th, Zacks reports. Shareholders of record on Tuesday, May 7th will be given a dividend of 0.165 per share by the energy company on Tuesday, May 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Monday, May 6th.

Archrock has raised its dividend payment by an average of 1.7% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Archrock has a dividend payout ratio of 55.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Archrock to earn $1.16 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 56.9%.

Archrock Stock Up 0.8 %

Archrock stock opened at $20.20 on Friday. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 2.91 and a beta of 1.59. The stock has a fifty day simple moving average of $19.22 and a two-hundred day simple moving average of $16.30. Archrock has a 12 month low of $8.78 and a 12 month high of $21.40. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.82.

Archrock (NYSE:AROC) last posted its earnings results on Wednesday, February 21st. The energy company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. Archrock had a return on equity of 12.63% and a net margin of 10.60%. The business had revenue of $259.60 million during the quarter, compared to analyst estimates of $252.42 million. During the same quarter last year, the company earned $0.07 EPS. The company’s quarterly revenue was up 18.6% compared to the same quarter last year. Equities analysts predict that Archrock will post 0.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lifted their price objective on Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.67.

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.