Archrock, Inc. (NYSE:AROC) Plans Quarterly Dividend of $0.22

Archrock, Inc. (NYSE:AROC) declared a quarterly dividend on Thursday, January 29th. Shareholders of record on Tuesday, February 10th will be given a dividend of 0.22 per share by the energy company on Wednesday, February 18th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Tuesday, February 10th. This is a 4.8% increase from Archrock’s previous quarterly dividend of $0.21.

Archrock has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Archrock has a dividend payout ratio of 45.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Archrock to earn $1.37 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 61.3%.

Archrock Price Performance

Shares of Archrock stock traded up $0.64 during trading on Friday, reaching $29.81. 92,634 shares of the stock traded hands, compared to its average volume of 1,286,495. Archrock has a 52-week low of $20.12 and a 52-week high of $30.19. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.56 and a quick ratio of 1.01. The business has a fifty day simple moving average of $25.87 and a two-hundred day simple moving average of $24.87. The company has a market capitalization of $5.23 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 1.29 and a beta of 0.92.

Archrock (NYSE:AROC) last announced its quarterly earnings results on Wednesday, October 29th. The energy company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. Archrock had a return on equity of 20.17% and a net margin of 18.43%.The company had revenue of $382.43 million during the quarter, compared to analyst estimates of $379.29 million. During the same period in the prior year, the company earned $0.28 earnings per share. The firm’s revenue was up 30.9% on a year-over-year basis. Sell-side analysts expect that Archrock will post 1.09 EPS for the current year.

About Archrock

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.