Archrock (NYSE:AROC - Get Free Report) will announce its earnings results after the market closes on Monday, November 11th. Analysts expect the company to announce earnings of $0.28 per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.
Archrock Stock Up 1.4 %
AROC stock traded up $0.27 during trading on Monday, reaching $20.19. The stock had a trading volume of 617,754 shares, compared to its average volume of 1,423,028. The firm has a fifty day moving average price of $20.34 and a 200 day moving average price of $20.14. The company has a current ratio of 1.53, a quick ratio of 0.94 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $3.41 billion, a P/E ratio of 22.38 and a beta of 1.52. Archrock has a 1-year low of $13.15 and a 1-year high of $23.44.
Archrock Increases Dividend
The firm 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 $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.47%. This is a positive change from Archrock's previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, November 6th. Archrock's dividend payout ratio is presently 74.16%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on AROC shares. Evercore ISI started coverage on shares of Archrock in a research note on Wednesday, September 25th. They set an "outperform" rating and a $24.00 price objective on the stock. Citigroup began coverage on Archrock in a research note on Friday, September 27th. They set a "buy" rating and a $24.00 price objective for the company. Mizuho initiated coverage on Archrock in a research note on Wednesday, October 2nd. They issued an "outperform" rating and a $24.00 target price on the stock. Stifel Nicolaus upped their price target on shares of Archrock from $23.00 to $25.00 and gave the stock a "buy" rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Archrock in a research report on Friday, September 6th. They issued an "overweight" rating and a $24.00 target price for the company. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $24.50.
View Our Latest Research Report on Archrock
Archrock Company Profile
(
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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.
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