Research Analysts Offer Predictions for Archrock Q4 Earnings

Archrock, Inc. (NYSE:AROC) – Research analysts at Sidoti Csr decreased their Q4 2024 EPS estimates for shares of Archrock in a research note issued on Wednesday, November 13th. Sidoti Csr analyst S. Ferazani now anticipates that the energy company will earn $0.27 per share for the quarter, down from their previous estimate of $0.29. The consensus estimate for Archrock’s current full-year earnings is $1.13 per share. Sidoti Csr also issued estimates for Archrock’s Q1 2025 earnings at $0.30 EPS, Q2 2025 earnings at $0.32 EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.34 EPS, FY2025 earnings at $1.29 EPS and FY2026 earnings at $1.53 EPS.

Several other research analysts have also commented on the stock. Stifel Nicolaus raised their price objective on shares of Archrock from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. started coverage on shares of Archrock in a research note on Friday, September 6th. They issued an “overweight” rating and a $24.00 price target for the company. Mizuho initiated coverage on Archrock in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $24.00 price objective on the stock. Evercore ISI initiated coverage on Archrock in a research note on Wednesday, September 25th. They set an “outperform” rating and a $24.00 target price for the company. Finally, Royal Bank of Canada increased their price target on Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $24.67.

Archrock Stock Performance

Shares of Archrock stock opened at $23.22 on Thursday. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 25.51 and a beta of 1.52. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.94. The business has a 50-day moving average of $20.92 and a 200 day moving average of $20.33. Archrock has a 12 month low of $13.89 and a 12 month high of $24.71.

Archrock (NYSE:AROC) last released its quarterly earnings results on Monday, November 11th. The energy company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Archrock had a return on equity of 16.24% and a net margin of 13.34%. The company had revenue of $292.16 million for the quarter, compared to analysts’ expectations of $286.19 million. During the same period in the prior year, the firm earned $0.20 earnings per share. The firm’s revenue was up 15.3% compared to the same quarter last year.

Archrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th were given a dividend of $0.175 per share. This is a boost from Archrock’s previous quarterly dividend of $0.17. This represents a $0.70 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Wednesday, November 6th. Archrock’s dividend payout ratio is currently 76.92%.

Institutional Investors Weigh In On Archrock

Several hedge funds and other institutional investors have recently made changes to their positions in AROC. Brown Brothers Harriman & Co. purchased a new position in Archrock in the third quarter valued at approximately $28,000. Wolff Wiese Magana LLC acquired a new stake in Archrock during the 3rd quarter worth $30,000. Allspring Global Investments Holdings LLC purchased a new stake in Archrock in the first quarter valued at $43,000. Continuum Advisory LLC boosted its stake in Archrock by 5,621.6% in the third quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock valued at $43,000 after acquiring an additional 2,080 shares in the last quarter. Finally, Millburn Ridgefield Corp purchased a new position in shares of Archrock during the third quarter worth about $50,000. Institutional investors and hedge funds own 95.45% of the company’s stock.

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.