Archrock (NYSE:AROC) Issues Earnings Results, Beats Estimates By $0.01 EPS

Archrock (NYSE:AROC) released its quarterly earnings data on Monday. The energy company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01, Briefing.com reports. The business had revenue of $292.16 million for the quarter, compared to analysts’ expectations of $286.19 million. Archrock had a return on equity of 18.12% and a net margin of 13.34%. The firm’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.20 EPS.

Archrock Stock Performance

NYSE AROC opened at $24.22 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.53 and a debt-to-equity ratio of 1.80. Archrock has a twelve month low of $13.65 and a twelve month high of $24.71. The business has a 50-day moving average price of $20.67 and a 200-day moving average price of $20.27. The firm has a market cap of $4.09 billion, a price-to-earnings ratio of 26.62 and a beta of 1.52.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Wednesday, November 6th will be issued a dividend of $0.175 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This is a boost from Archrock’s previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a yield of 2.89%. Archrock’s dividend payout ratio (DPR) is currently 76.92%.

Analysts Set New Price Targets

AROC has been the topic of several recent analyst reports. Mizuho began coverage on Archrock in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $24.00 price objective on the stock. Stifel Nicolaus lifted their price target on shares of Archrock from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Evercore ISI started coverage on shares of Archrock in a report on Wednesday, September 25th. They issued an “outperform” rating and a $24.00 target price on the stock. Royal Bank of Canada boosted their target price on shares of Archrock from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. began coverage on Archrock in a research note on Friday, September 6th. They issued an “overweight” rating and a $24.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.50.

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.