Archrock (NYSE:AROC) Announces Earnings Results, Beats Expectations By $0.01 EPS

Archrock (NYSE:AROC) released its earnings results on Monday. The energy company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01, Briefing.com reports. The company had revenue of $292.16 million for the quarter, compared to the consensus estimate of $286.19 million. Archrock had a net margin of 13.34% and a return on equity of 18.12%. Archrock’s revenue was up 15.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 EPS.

Archrock Trading Down 2.4 %

Shares of NYSE:AROC opened at $23.65 on Thursday. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 25.98 and a beta of 1.52. The business’s 50 day moving average price is $20.76 and its 200-day moving average price 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 has a 1 year low of $13.89 and a 1 year high of $24.71.

Archrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 2.96%. This is an increase from Archrock’s previous quarterly dividend of $0.17. The ex-dividend date was Wednesday, November 6th. Archrock’s dividend payout ratio is presently 76.92%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Stifel Nicolaus upped their target price on Archrock from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Evercore ISI began coverage on Archrock in a report on Wednesday, September 25th. They issued an “outperform” rating and a $24.00 price objective on the stock. Mizuho began coverage on Archrock in a report on Wednesday, October 2nd. They set an “outperform” rating and a $24.00 target price for the company. Citigroup initiated coverage on shares of Archrock in a report on Friday, September 27th. They issued a “buy” rating and a $24.00 price target on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of Archrock in a research note on Friday, September 6th. They set an “overweight” rating and a $24.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Archrock presently has an average rating of “Moderate Buy” and an average 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.