Archrock (NYSE:AROC) Posts Quarterly Earnings Results

Archrock (NYSE:AROC) announced its earnings results on Tuesday. The energy company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.29, Zacks reports. Archrock had a net margin of 18.43% and a return on equity of 20.17%.

Archrock Trading Up 2.8%

Shares of AROC stock traded up $0.92 on Tuesday, hitting $33.74. The company had a trading volume of 1,318,173 shares, compared to its average volume of 1,528,892. The stock’s 50-day moving average is $28.24 and its two-hundred day moving average is $25.93. The firm has a market cap of $5.92 billion, a P/E ratio of 22.50, a P/E/G ratio of 1.41 and a beta of 0.93. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.01 and a current ratio of 1.56. Archrock has a twelve month low of $20.12 and a twelve month high of $33.82.

Archrock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 18th. Shareholders of record on Tuesday, February 10th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, February 10th. This is a boost from Archrock’s previous quarterly dividend of $0.21. Archrock’s dividend payout ratio (DPR) is presently 58.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Evercore raised their price objective on Archrock from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Royal Bank Of Canada lifted their price objective on Archrock from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Zacks Research raised Archrock from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Archrock in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $32.40.

Hedge Funds Weigh In On Archrock

Several hedge funds have recently modified their holdings of the company. Garton & Associates Financial Advisors LLC purchased a new position in shares of Archrock in the fourth quarter worth $27,000. Jones Financial Companies Lllp increased its holdings in shares of Archrock by 217.9% in the 1st quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock worth $35,000 after buying an additional 902 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Archrock by 92.6% in the third quarter. Larson Financial Group LLC now owns 1,647 shares of the energy company’s stock valued at $43,000 after acquiring an additional 792 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Archrock by 101.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,814 shares of the energy company’s stock valued at $47,000 after purchasing an additional 915 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in shares of Archrock in the fourth quarter valued at about $61,000. Institutional investors own 95.45% of the company’s stock.

Archrock Company Profile

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.