Archrock, Inc. (NYSE:AROC) to Issue Quarterly Dividend of $0.17

Archrock, Inc. (NYSE:AROC) declared a quarterly dividend on Thursday, July 25th, Wall Street Journal reports. Shareholders of record on Tuesday, August 6th will be paid a dividend of 0.165 per share by the energy company on Tuesday, August 13th. This represents a $0.66 annualized dividend and a yield of 3.53%. The ex-dividend date is Tuesday, August 6th.

Archrock has raised its dividend by an average of 1.7% annually over the last three years. Archrock has a payout ratio of 52.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Archrock to earn $1.23 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 53.7%.

Archrock Stock Down 4.4 %

AROC stock opened at $18.68 on Monday. The company’s 50 day simple moving average is $20.33 and its 200-day simple moving average is $19.26. The firm has a market capitalization of $3.16 billion, a PE ratio of 22.51, a P/E/G ratio of 1.56 and a beta of 1.53. Archrock has a 12 month low of $11.73 and a 12 month high of $23.44. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.53 and a quick ratio of 0.74.

Analyst Ratings Changes

Several research firms have recently commented on AROC. Stifel Nicolaus increased their price target on shares of Archrock from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. StockNews.com lowered shares of Archrock from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th.

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.