Analysts expect that Archrock Inc (NYSE:AROC) will report earnings of $0.07 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Archrock’s earnings, with the lowest EPS estimate coming in at $0.04 and the highest estimate coming in at $0.10. The company is expected to announce its next earnings report on Thursday, February 28th.

According to Zacks, analysts expect that Archrock will report full-year earnings of $0.36 per share for the current year, with EPS estimates ranging from $0.29 to $0.43. For the next fiscal year, analysts forecast that the firm will report earnings of $0.54 per share, with EPS estimates ranging from $0.52 to $0.57. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Archrock.

Archrock (NYSE:AROC) last announced its earnings results on Wednesday, October 31st. The energy company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. Archrock had a return on equity of 2.49% and a net margin of 6.32%. The firm had revenue of $232.37 million for the quarter, compared to the consensus estimate of $226.19 million. During the same period in the previous year, the business earned ($0.09) EPS. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis.

Several brokerages recently weighed in on AROC. B. Riley set a $16.00 target price on Archrock and gave the stock a “buy” rating in a research note on Sunday, October 7th. ValuEngine upgraded Archrock from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Zacks Investment Research upgraded Archrock from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research note on Tuesday, October 9th. Finally, Piper Jaffray Companies set a $14.00 target price on Archrock and gave the stock a “buy” rating in a research note on Thursday, October 18th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $14.33.

Shares of AROC stock opened at $9.50 on Friday. Archrock has a 1-year low of $8.25 and a 1-year high of $13.75. The company has a current ratio of 1.46, a quick ratio of 0.98 and a debt-to-equity ratio of 1.83. The firm has a market cap of $1.28 billion, a P/E ratio of -47.50 and a beta of 2.80.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Wednesday, November 7th were paid a dividend of $0.132 per share. The ex-dividend date was Tuesday, November 6th. This represents a $0.53 annualized dividend and a yield of 5.56%. Archrock’s payout ratio is presently -265.00%.

In other news, insider Doug S. Aron purchased 7,500 shares of the company’s stock in a transaction on Tuesday, November 20th. The shares were acquired at an average price of $9.91 per share, for a total transaction of $74,325.00. Following the purchase, the insider now owns 54,215 shares in the company, valued at $537,270.65. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.54% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of AROC. Advisors Asset Management Inc. acquired a new position in shares of Archrock in the 2nd quarter valued at about $164,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Archrock by 332.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,503 shares of the energy company’s stock valued at $102,000 after buying an additional 6,539 shares during the period. Stevens Capital Management LP acquired a new position in shares of Archrock in the 3rd quarter valued at about $127,000. Meadow Creek Investment Management LLC lifted its holdings in shares of Archrock by 90.0% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 12,224 shares of the energy company’s stock valued at $147,000 after buying an additional 5,792 shares during the period. Finally, Meeder Asset Management Inc. lifted its holdings in shares of Archrock by 1,317.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 13,278 shares of the energy company’s stock valued at $161,000 after buying an additional 12,341 shares during the period. Institutional investors and hedge funds own 87.98% of the company’s stock.

Archrock Company Profile

Archrock, Inc engages in the natural gas contract operations services business in the United States. The company provides natural gas compression services to customers in the oil and natural gas industry. It also offers aftermarket services, such as parts and components; and operation, maintenance, overhaul, and reconfiguration services to customers who own compression equipment.

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Earnings History and Estimates for Archrock (NYSE:AROC)

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