Archrock (NYSE:AROC) Issues Earnings Results

Archrock (NYSE:AROC) released its quarterly earnings data on Tuesday. The energy company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04, Yahoo Finance reports. Archrock had a net margin of 10.60% and a return on equity of 12.63%. The company had revenue of $268.49 million during the quarter, compared to analysts’ expectations of $260.51 million. During the same quarter in the previous year, the company earned $0.10 earnings per share. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis.

Archrock Price Performance

Shares of AROC opened at $19.19 on Wednesday. Archrock has a twelve month low of $8.78 and a twelve month high of $21.40. The firm’s fifty day simple moving average is $19.30 and its 200-day simple moving average is $16.41. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 2.90 and a beta of 1.59. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.82.

Archrock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Investors of record on Tuesday, May 7th will be paid a dividend of $0.165 per share. The ex-dividend date is Monday, May 6th. This represents a $0.66 annualized dividend and a yield of 3.44%. Archrock’s dividend payout ratio is presently 98.51%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada lifted their target price on shares of Archrock from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.67.

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.