Sidoti Csr Issues Pessimistic Outlook for Archrock Earnings

Archrock, Inc. (NYSE:AROC - Free Report) - Equities researchers at Sidoti Csr lowered their Q4 2024 EPS estimates for shares of Archrock in a report issued on Wednesday, November 13th. Sidoti Csr analyst S. Ferazani now expects that the energy company will earn $0.27 per share for the quarter, down from their prior estimate of $0.29. The consensus estimate for Archrock's current full-year earnings is $1.13 per share. Sidoti Csr also issued estimates for Archrock's Q1 2025 earnings at $0.30 EPS, Q2 2025 earnings at $0.32 EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.34 EPS, FY2025 earnings at $1.29 EPS and FY2026 earnings at $1.53 EPS.

AROC has been the topic of a number of other reports. Stifel Nicolaus raised their price target on shares of Archrock from $23.00 to $25.00 and gave the company a "buy" rating in a research note on Wednesday, July 24th. 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. Evercore ISI initiated coverage on Archrock in a research note on Wednesday, September 25th. They issued an "outperform" rating and a $24.00 price objective for the company. Citigroup started coverage on Archrock in a research report on Friday, September 27th. They set a "buy" rating and a $24.00 price objective on the stock. Finally, Mizuho initiated coverage on Archrock in a report on Wednesday, October 2nd. They issued an "outperform" rating and a $24.00 target price for the company. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.67.

Archrock Price Performance

AROC stock traded down $0.40 during mid-day trading on Thursday, reaching $23.26. 1,218,451 shares of the company's stock were exchanged, compared to its average volume of 1,427,740. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 25.36 and a beta of 1.52. Archrock has a 12-month low of $13.89 and a 12-month high of $24.71. The stock's 50 day moving average is $20.76 and its 200 day moving average is $20.29. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.53 and a quick ratio of 0.94.

Archrock (NYSE:AROC - Get Free Report) last released its quarterly earnings data on Monday, November 11th. The energy company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. The business had revenue of $292.16 million during the quarter, compared to analyst estimates of $286.19 million. Archrock had a return on equity of 18.12% and a net margin of 13.34%. The company's revenue was up 15.3% on a year-over-year basis. During the same quarter last year, the business posted $0.20 EPS.

Institutional Investors Weigh In On Archrock

Large investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. purchased a new position in Archrock during the third quarter worth approximately $28,000. Wolff Wiese Magana LLC purchased a new stake in shares of Archrock in the third quarter worth about $30,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Archrock in the first quarter valued at about $43,000. Quarry LP acquired a new position in Archrock during the 2nd quarter worth approximately $52,000. Finally, CWM LLC boosted its holdings in Archrock by 382.0% in the 2nd quarter. CWM LLC now owns 3,591 shares of the energy company's stock worth $73,000 after acquiring an additional 2,846 shares during the period. 95.45% of the stock is owned by institutional investors and hedge funds.

Archrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, November 6th were issued a $0.175 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $0.70 dividend on an annualized basis and a yield of 3.01%. This is an increase from Archrock's previous quarterly dividend of $0.17. Archrock's dividend payout ratio (DPR) is 76.92%.

About Archrock

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.