Archrock (NYSE:AROC) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Archrock (NYSE:AROC) posted its earnings results on Monday. The energy company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04, Zacks reports. Archrock had a net margin of 13.34% and a return on equity of 16.24%.

Archrock Trading Down 2.0 %

Shares of AROC traded down $0.54 on Monday, hitting $25.85. 1,717,587 shares of the stock traded hands, compared to its average volume of 1,292,356. Archrock has a 1 year low of $17.26 and a 1 year high of $30.44. The stock’s 50 day moving average is $27.11 and its two-hundred day moving average is $23.51. The firm has a market capitalization of $4.53 billion, a P/E ratio of 28.41, a P/E/G ratio of 1.65 and a beta of 1.57. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73.

Archrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Wednesday, February 12th. This is a positive change from Archrock’s previous quarterly dividend of $0.18. Archrock’s payout ratio is currently 83.52%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AROC. Royal Bank of Canada increased their price target on shares of Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. increased their target price on Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, November 29th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $25.17.

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.