Archrock (NYSE:AROC) Issues Earnings Results

Archrock (NYSE:AROC) released its quarterly earnings results on Tuesday. The energy company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04, Yahoo Finance reports. The firm had revenue of $268.49 million for the quarter, compared to the consensus estimate of $260.51 million. Archrock had a return on equity of 15.39% and a net margin of 12.54%. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the business posted $0.10 EPS.

Archrock Stock Performance

AROC opened at $19.49 on Thursday. The company has a 50 day simple moving average of $19.32 and a two-hundred day simple moving average of $16.44. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.40 and a quick ratio of 0.86. The firm has a market cap of $3.05 billion, a P/E ratio of 23.48, a PEG ratio of 2.77 and a beta of 1.58. Archrock has a 1-year low of $8.78 and a 1-year high of $21.40.

Archrock Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Monday, May 6th. Archrock’s payout ratio is 79.52%.

Analyst Ratings Changes

Separately, Royal Bank of Canada boosted their price target on Archrock from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $17.67.

About Archrock

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.