Archrock, Inc. (NYSE:AROC) Plans Quarterly Dividend of $0.17

Archrock, Inc. (NYSE:AROC) announced a quarterly dividend on Friday, April 26th, Zacks reports. Shareholders of record on Tuesday, May 7th will be given a dividend of 0.165 per share by the energy company on Tuesday, May 14th. This represents a $0.66 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Monday, May 6th.

Archrock has increased its dividend payment by an average of 1.7% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Archrock has a dividend payout ratio of 55.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Archrock to earn $1.16 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 56.9%.

Archrock Price Performance

Shares of NYSE AROC traded up $0.16 during midday trading on Friday, hitting $20.20. 1,044,019 shares of the company’s stock were exchanged, compared to its average volume of 1,259,756. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.82. The business’s fifty day moving average price is $19.22 and its two-hundred day moving average price is $16.27. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 2.89 and a beta of 1.59. Archrock has a 12-month low of $8.78 and a 12-month high of $21.40.

Archrock (NYSE:AROC) last released its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. Archrock had a net margin of 10.60% and a return on equity of 12.63%. The business had revenue of $259.60 million during the quarter, compared to analysts’ expectations of $252.42 million. During the same quarter in the previous year, the company earned $0.07 EPS. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. As a group, research analysts forecast that Archrock will post 0.99 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Royal Bank of Canada increased their price objective on Archrock from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $17.67.

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.