Archrock, Inc. (NYSE:AROC) Increases Dividend to $0.19 Per Share

Archrock, Inc. (NYSE:AROC - Get Free Report) announced a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Shareholders of record on Wednesday, February 12th will be paid a dividend of 0.19 per share by the energy company on Wednesday, February 19th. This represents a $0.76 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Wednesday, February 12th. This is an increase from Archrock's previous quarterly dividend of $0.18.

Archrock has increased its dividend by an average of 4.9% annually over the last three years. Archrock has a dividend payout ratio of 42.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Archrock to earn $1.37 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 51.1%.

Archrock Trading Up 0.3 %

Shares of Archrock stock traded up $0.07 on Tuesday, reaching $28.69. The company had a trading volume of 897,235 shares, compared to its average volume of 1,387,733. The firm's 50-day moving average price is $26.56 and its two-hundred day moving average price is $22.85. Archrock has a 1 year low of $15.65 and a 1 year high of $30.44. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 31.53, a P/E/G ratio of 1.70 and a beta of 1.57. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82.

Archrock (NYSE:AROC - Get Free Report) last posted its quarterly earnings data on Monday, November 11th. The energy company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. Archrock had a net margin of 13.34% and a return on equity of 16.24%. The company had revenue of $292.16 million during the quarter, compared to analyst estimates of $286.19 million. During the same period in the previous year, the firm earned $0.20 earnings per share. Archrock's quarterly revenue was up 15.3% compared to the same quarter last year. As a group, research analysts predict that Archrock will post 1.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of Archrock from $26.00 to $27.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. upped their target price on Archrock from $25.00 to $27.00 and gave the company an "overweight" rating in a research note on Friday, November 29th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.17.

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.