Archrock, Inc. (AROC) to Issue Quarterly Dividend of $0.19 on February 19th

Archrock, Inc. (NYSE:AROC) declared a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Investors of record on Wednesday, February 12th will be paid a dividend of 0.19 per share by the energy company on Wednesday, February 19th. This represents a $0.76 annualized dividend and a yield of 2.72%. The ex-dividend date is Wednesday, February 12th. This is an increase from Archrock’s previous quarterly dividend of $0.18.

Archrock has increased its dividend payment by an average of 4.9% annually over the last three years. Archrock has a dividend payout ratio of 45.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Archrock to earn $1.37 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 55.5%.

Archrock Trading Down 0.3 %

NYSE AROC opened at $27.99 on Monday. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. Archrock has a 52 week low of $15.81 and a 52 week high of $30.44. The company’s fifty day simple moving average is $26.75 and its 200-day simple moving average is $22.98. The stock has a market cap of $4.90 billion, a P/E ratio of 30.75, a PEG ratio of 1.70 and a beta of 1.57.

Archrock (NYSE:AROC) last issued its earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. Archrock had a return on equity of 16.24% and a net margin of 13.34%. The firm had revenue of $292.16 million for the quarter, compared to analyst estimates of $286.19 million. During the same period last year, the company earned $0.20 earnings per share. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis. Equities research analysts predict that Archrock will post 1.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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