Archrock (NYSE:AROC) Announces Earnings Results

by · The Markets Daily

Archrock (NYSE:AROC – Get Free Report) posted its quarterly earnings results on Monday. The energy company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.04, Zacks reports. Archrock had a net margin of 21.84% and a return on equity of 22.22%.

Archrock Stock Performance

Shares of AROC traded down $1.43 during trading hours on Monday, hitting $30.27. The stock had a trading volume of 2,132,637 shares, compared to its average volume of 1,753,053. Archrock has a 12 month low of $22.88 and a 12 month high of $42.23. The firm has a market capitalization of $5.31 billion, a PE ratio of 16.28, a PEG ratio of 1.54 and a beta of 0.92. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.39 and a quick ratio of 0.94. The stock has a fifty day moving average price of $30.89 and a 200 day moving average price of $34.03.

Archrock Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Tuesday, November 3rd will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Tuesday, November 3rd. Archrock’s dividend payout ratio (DPR) is 49.46%.

Analyst Ratings Changes

AROC has been the subject of several research analyst reports. Evercore set a $40.00 price objective on shares of Archrock in a report on Monday, August 17th. Zacks Research cut Archrock from a “hold” rating to a “strong sell” rating in a research note on Monday, August 31st. Royal Bank Of Canada lifted their price target on Archrock from $44.00 to $46.00 and gave the company an “outperform” rating in a research report on Monday, August 17th. Weiss Ratings cut shares of Archrock from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, Wells Fargo & Company dropped their target price on shares of Archrock from $43.00 to $40.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. Nine research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.12.

Check Out Our Latest Research Report on Archrock

Archrock Company Profile

(Get Free Report)

Archrock, Inc (NYSE: AROC) is a Houston-based energy infrastructure company that provides natural gas compression services in the United States. Compression is used to increase the pressure of natural gas so it can move efficiently through gathering systems, processing facilities, transmission pipelines and other midstream infrastructure.

The company operates a fleet of natural gas compressors and primarily serves customers through contract compression arrangements. Its services support a range of applications, including natural gas gathering, processing, transmission, storage and production.

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