Wall Street analysts expect that Archrock Inc (NYSE:AROC) will report $0.07 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Archrock’s earnings, with the lowest EPS estimate coming in at $0.04 and the highest estimate coming in at $0.10. The company is expected to issue its next quarterly earnings results on Thursday, February 28th.

On average, analysts expect that Archrock will report full-year earnings of $0.36 per share for the current year, with EPS estimates ranging from $0.29 to $0.43. For the next fiscal year, analysts anticipate that the company will post earnings of $0.54 per share, with EPS estimates ranging from $0.52 to $0.57. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that cover Archrock.

Archrock (NYSE:AROC) last released its quarterly earnings results on Wednesday, October 31st. The energy company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.02. Archrock had a net margin of 6.32% and a return on equity of 2.49%. The firm had revenue of $232.37 million for the quarter, compared to analysts’ expectations of $226.19 million. During the same quarter last year, the company earned ($0.09) EPS. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year.

Several brokerages have issued reports on AROC. Royal Bank of Canada reaffirmed a “buy” rating and set a $16.00 target price on shares of Archrock in a research note on Friday, August 3rd. B. Riley set a $16.00 target price on shares of Archrock and gave the stock a “buy” rating in a research note on Sunday, October 7th. ValuEngine raised shares of Archrock from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. Piper Jaffray Companies set a $14.00 target price on shares of Archrock and gave the stock a “buy” rating in a research note on Thursday, October 18th. Finally, TheStreet raised shares of Archrock from a “d+” rating to a “c-” rating in a research note on Wednesday, August 1st. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Archrock presently has an average rating of “Buy” and an average price target of $14.33.

AROC traded up $0.27 on Wednesday, hitting $10.15. 594,261 shares of the company’s stock were exchanged, compared to its average volume of 1,365,117. Archrock has a fifty-two week low of $8.25 and a fifty-two week high of $13.75. The company has a quick ratio of 0.98, a current ratio of 1.46 and a debt-to-equity ratio of 1.83. The stock has a market cap of $1.34 billion, a PE ratio of -50.75 and a beta of 2.84.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Wednesday, November 7th were paid a dividend of $0.132 per share. The ex-dividend date of this dividend was Tuesday, November 6th. This represents a $0.53 annualized dividend and a yield of 5.20%. Archrock’s dividend payout ratio (DPR) is presently -265.00%.

In related news, insider Doug S. Aron purchased 7,500 shares of Archrock stock in a transaction dated Tuesday, November 20th. The shares were acquired at an average price of $9.91 per share, for a total transaction of $74,325.00. Following the acquisition, the insider now directly owns 54,215 shares in the company, valued at $537,270.65. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.54% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of Archrock during the 2nd quarter worth $523,000. Flinton Capital Management LLC raised its holdings in shares of Archrock by 90.0% during the 2nd quarter. Flinton Capital Management LLC now owns 25,976 shares of the energy company’s stock worth $312,000 after acquiring an additional 12,308 shares during the period. Texas Permanent School Fund raised its holdings in Archrock by 77.7% in the 2nd quarter. Texas Permanent School Fund now owns 83,455 shares of the energy company’s stock valued at $1,001,000 after buying an additional 36,486 shares during the period. Pinebridge Investments L.P. raised its holdings in Archrock by 89.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 192,032 shares of the energy company’s stock valued at $2,304,000 after buying an additional 90,403 shares during the period. Finally, Verition Fund Management LLC purchased a new stake in Archrock in the 2nd quarter valued at about $160,000. Institutional investors and hedge funds own 89.81% of the company’s stock.

About Archrock

Archrock, Inc engages in the natural gas contract operations services business in the United States. The company provides natural gas compression services to customers in the oil and natural gas industry. It also offers aftermarket services, such as parts and components; and operation, maintenance, overhaul, and reconfiguration services to customers who own compression equipment.

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Earnings History and Estimates for Archrock (NYSE:AROC)

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