Archrock (NYSE:AROC) Announces Earnings Results

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

Archrock Price Performance

NYSE:AROC traded down $0.54 during trading hours on Monday, hitting $25.85. The company’s stock had a trading volume of 1,717,587 shares, compared to its average volume of 1,292,356. Archrock has a 52-week low of $17.26 and a 52-week high of $30.44. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. The business’s 50-day moving average is $27.11 and its two-hundred day moving average is $23.51. The company has a market capitalization of $4.53 billion, a PE ratio of 28.41, a PEG ratio of 1.65 and a beta of 1.57.

Archrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a 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 dividend payout ratio is currently 83.52%.

Analyst Upgrades and Downgrades

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