Archrock (NYSE:AROC) Releases Earnings Results, Beats Expectations By $0.04 EPS

Archrock (NYSE:AROC) released its earnings results on Monday. The energy company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.04, Zacks reports. Archrock had a return on equity of 22.22% and a net margin of 21.84%.

Archrock Price Performance

NYSE:AROC traded down $1.43 on Monday, hitting $30.27. The company had a trading volume of 2,132,637 shares, compared to its average volume of 1,753,063. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 1.54 and a beta of 0.92. The company has a current ratio of 1.39, a quick ratio of 0.94 and a debt-to-equity ratio of 1.51. The firm has a 50 day moving average of $30.89 and a two-hundred day moving average of $34.03. Archrock has a 52 week low of $22.88 and a 52 week high of $42.23.

Archrock Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Tuesday, November 3rd will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, November 3rd. Archrock’s dividend payout ratio is currently 49.46%.

Wall Street Analysts Forecast Growth

AROC has been the subject of several recent analyst reports. Royal Bank Of Canada upped their price objective on shares of Archrock from $44.00 to $46.00 and gave the stock an “outperform” rating in a research report on Monday, August 17th. Weiss Ratings lowered shares of Archrock from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday. Evercore set a $40.00 target price on shares of Archrock in a research report on Monday, August 17th. Wells Fargo & Company cut their price target on shares of Archrock from $43.00 to $40.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Archrock from $42.00 to $41.00 and set an “overweight” rating on the stock in a research note on Thursday, October 8th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.12.

Archrock Company Profile

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.