Sidoti Forecasts Archrock’s FY2028 Earnings (NYSE:AROC)

Archrock, Inc. (NYSE:AROC) – Research analysts at Sidoti issued their FY2028 earnings estimates for shares of Archrock in a research note issued on Thursday, November 5th. Sidoti analyst S. Ferazani forecasts that the energy company will post earnings per share of $2.34 for the year. The consensus estimate for Archrock’s current full-year earnings is $1.73 per share.

Archrock (NYSE:AROC) last posted its quarterly earnings results on Monday, November 2nd. The energy company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.04. Archrock had a net margin of 22.89% and a return on equity of 22.33%. The business had revenue of $370.81 million during the quarter, compared to analyst estimates of $385.95 million. During the same period in the prior year, the business posted $0.42 earnings per share. The company’s revenue was down 3.0% on a year-over-year basis.

Several other equities research analysts have also recently weighed in on the company. Royal Bank Of Canada increased their target price on Archrock from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, August 17th. Wells Fargo & Company reduced their price target on Archrock from $43.00 to $40.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Evercore set a $40.00 price target on Archrock in a research note on Monday, August 17th. Weiss Ratings cut Archrock from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, October 28th. Finally, JPMorgan Chase & Co. lowered their price objective on Archrock from $42.00 to $41.00 and set an “overweight” rating for the company in a research report on Thursday, October 8th. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.12.

Archrock Stock Up 5.3%

AROC opened at $29.00 on Monday. The company has a market cap of $5.09 billion, a P/E ratio of 14.45, a P/E/G ratio of 1.39 and a beta of 0.96. The business’s 50-day moving average price is $30.59 and its 200-day moving average price is $34.10. The company has a current ratio of 1.46, a quick ratio of 0.94 and a debt-to-equity ratio of 1.47. Archrock has a 12 month low of $22.88 and a 12 month high of $42.23.

Archrock Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Tuesday, November 3rd will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, November 3rd. Archrock’s dividend payout ratio (DPR) is 47.42%.

Hedge Funds Weigh In On Archrock

Hedge funds have recently modified their holdings of the company. Concurrent Investment Advisors LLC grew its position in Archrock by 4.2% during the second quarter. Concurrent Investment Advisors LLC now owns 8,856 shares of the energy company’s stock valued at $361,000 after buying an additional 356 shares during the period. Fisher Asset Management LLC raised its position in Archrock by 1.3% in the third quarter. Fisher Asset Management LLC now owns 29,068 shares of the energy company’s stock worth $880,000 after acquiring an additional 385 shares during the period. Vise Technologies Inc. raised its position in Archrock by 5.5% in the third quarter. Vise Technologies Inc. now owns 7,873 shares of the energy company’s stock worth $238,000 after acquiring an additional 411 shares during the period. Allworth Financial LP boosted its stake in shares of Archrock by 17.8% during the 3rd quarter. Allworth Financial LP now owns 3,456 shares of the energy company’s stock worth $105,000 after acquiring an additional 522 shares during the last quarter. Finally, Navellier & Associates Inc. boosted its stake in shares of Archrock by 9.2% during the 2nd quarter. Navellier & Associates Inc. now owns 9,817 shares of the energy company’s stock worth $400,000 after acquiring an additional 823 shares during the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.

About Archrock

Archrock, Inc provides natural gas compression services to companies in the oil and natural gas industry. Its equipment helps move natural gas from wells through gathering systems and pipelines, supporting production and transportation.

The company’s contract operations include supplying, operating and maintaining compression equipment at customer sites. Through its aftermarket services business, Archrock provides maintenance, repair and other support for compression equipment, including units it did not originally supply.

Archrock was formed in 2015 following a separation of Exterran Holdings, with the business focused on contract compression operations.