Archrock (NYSE:AROC) Announces Earnings Results

Archrock (NYSE:AROC - Get Free Report) released its quarterly earnings data on Monday. The energy company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.01, Briefing.com reports. The firm had revenue of $292.16 million during the quarter, compared to analysts' expectations of $286.19 million. Archrock had a net margin of 13.20% and a return on equity of 16.35%. The company's revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 earnings per share.

Archrock Stock Up 2.2 %

Shares of Archrock stock traded up $0.53 during trading on Tuesday, reaching $24.14. The company's stock had a trading volume of 1,011,384 shares, compared to its average volume of 1,423,860. The company has a quick ratio of 0.94, a current ratio of 1.53 and a debt-to-equity ratio of 1.80. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 26.52 and a beta of 1.52. Archrock has a 1-year low of $13.65 and a 1-year high of $24.71. The company has a 50-day simple moving average of $20.50 and a two-hundred day simple moving average of $20.22.

Archrock Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Wednesday, November 6th. This is a boost from Archrock's previous quarterly dividend of $0.17. Archrock's dividend payout ratio (DPR) is 78.65%.

Analyst Ratings Changes

AROC has been the subject of several research analyst reports. JPMorgan Chase & Co. assumed coverage on Archrock in a research note on Friday, September 6th. They set an "overweight" rating and a $24.00 target price for the company. Evercore ISI initiated coverage on Archrock in a report on Wednesday, September 25th. They set an "outperform" rating and a $24.00 price target on the stock. Mizuho initiated coverage on Archrock in a report on Wednesday, October 2nd. They issued an "outperform" rating and a $24.00 target price on the stock. Royal Bank of Canada raised their target price on Archrock from $22.00 to $26.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Finally, Citigroup started coverage on Archrock in a research note on Friday, September 27th. They set a "buy" rating and a $24.00 price target for the company. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.