Archrock (NYSE:AROC) Issues Earnings Results

Archrock (NYSE:AROC) announced its quarterly earnings data on Monday. The energy company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04, Zacks reports. The company had revenue of $370.81 million during the quarter, compared to the consensus estimate of $385.95 million. Archrock had a net margin of 22.89% and a return on equity of 22.61%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 EPS.

Archrock Stock Performance

Shares of NYSE AROC opened at $31.52 on Wednesday. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.39 and a quick ratio of 0.94. The stock’s fifty day moving average price is $30.87 and its two-hundred day moving average price is $34.08. Archrock has a one year low of $22.88 and a one year high of $42.23. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.47 and a beta of 0.96.

Archrock Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Tuesday, November 3rd will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, November 3rd. Archrock’s dividend payout ratio is currently 49.46%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Weiss Ratings cut Archrock from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, October 28th. Royal Bank Of Canada raised their price target on Archrock from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, August 17th. Zacks Research downgraded shares of Archrock from a “hold” rating to a “strong sell” rating in a report on Monday, August 31st. JPMorgan Chase & Co. decreased their price objective on shares of Archrock from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Finally, Evercore set a $40.00 price objective on shares of Archrock in a research report on Monday, August 17th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.12.

Archrock Company Profile

Archrock, Inc (NYSE: AROC) is a Houston-based energy infrastructure company that provides natural gas compression services in the United States. Compression is used to increase the pressure of natural gas so it can move efficiently through gathering systems, processing facilities, transmission pipelines and other midstream infrastructure.

The company operates a fleet of natural gas compressors and primarily serves customers through contract compression arrangements. Its services support a range of applications, including natural gas gathering, processing, transmission, storage and production.