Archrock, Inc. (NYSE:AROC) Shareholders Set to Receive $0.23 Quarterly Dividend

Archrock, Inc. (NYSE:AROC) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Tuesday, November 3rd will be paid a dividend of $0.23 per share by the energy company on Tuesday, November 10th. This represents a $0.92 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, November 3rd.

Archrock has raised its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Archrock has a payout ratio of 50.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Archrock to earn $2.12 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 43.4%.

Archrock Trading Down 4.5%

Shares of Archrock stock opened at $28.43 on Friday. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 1.44 and a beta of 0.92. Archrock has a fifty-two week low of $22.88 and a fifty-two week high of $42.23. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.94 and a current ratio of 1.39. The stock has a 50 day moving average of $31.16 and a 200 day moving average of $34.70.

Archrock (NYSE:AROC) last posted its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). The company had revenue of $371.24 million for the quarter, compared to analysts’ expectations of $393.19 million. Archrock had a return on equity of 22.22% and a net margin of 21.84%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 EPS. As a group, research analysts predict that Archrock will post 1.72 earnings per share for the current year.

About Archrock

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.