Analysts expect that Archrock, Inc. (NYSE:AROC) will announce ($0.02) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Archrock’s earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.03). Archrock reported earnings of ($0.06) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 66.7%. The firm is expected to announce its next earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Archrock will report full-year earnings of ($0.23) per share for the current year. For the next financial year, analysts anticipate that the business will report earnings of $0.16 per share, with EPS estimates ranging from $0.02 to $0.29. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Archrock.

Archrock (NYSE:AROC) last posted its quarterly earnings results on Thursday, November 2nd. The energy company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.01). The firm had revenue of $197.85 million for the quarter, compared to analysts’ expectations of $202.34 million. Archrock had a negative return on equity of 2.93% and a negative net margin of 8.62%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.01 earnings per share.

Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Archrock from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Tuesday, October 3rd. BidaskClub raised shares of Archrock from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Royal Bank Of Canada reissued a “buy” rating and set a $13.00 price target on shares of Archrock in a report on Wednesday, September 27th. Scotiabank reissued a “hold” rating and set a $14.00 price target on shares of Archrock in a report on Friday, November 3rd. Finally, B. Riley reissued a “neutral” rating on shares of Archrock in a report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $13.29.

Archrock (NYSE AROC) traded up $0.40 during midday trading on Tuesday, reaching $9.90. 372,452 shares of the company traded hands, compared to its average volume of 565,653. Archrock has a 52-week low of $8.30 and a 52-week high of $16.40. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.63 and a quick ratio of 0.94.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, November 7th. This represents a $0.48 annualized dividend and a yield of 4.85%. Archrock’s payout ratio is currently -49.48%.

Institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its position in shares of Archrock by 0.4% in the second quarter. PNC Financial Services Group Inc. now owns 29,392 shares of the energy company’s stock valued at $335,000 after purchasing an additional 119 shares during the last quarter. Arizona State Retirement System grew its position in shares of Archrock by 0.5% in the second quarter. Arizona State Retirement System now owns 36,981 shares of the energy company’s stock valued at $422,000 after purchasing an additional 200 shares during the last quarter. Louisiana State Employees Retirement System grew its position in shares of Archrock by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 28,900 shares of the energy company’s stock valued at $329,000 after purchasing an additional 200 shares during the last quarter. Pacad Investment Ltd. grew its position in shares of Archrock by 6.0% in the second quarter. Pacad Investment Ltd. now owns 8,900 shares of the energy company’s stock valued at $101,000 after purchasing an additional 500 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Archrock by 1.1% in the second quarter. Wells Fargo & Company MN now owns 51,947 shares of the energy company’s stock valued at $593,000 after purchasing an additional 573 shares during the last quarter. Institutional investors own 90.34% of the company’s stock.

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Archrock Company Profile

Archrock, Inc is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States.

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