Archrock (NYSE:AROC) Posts Earnings Results, Beats Estimates By $0.04 EPS

Archrock (NYSE:AROC) released its quarterly earnings data on Wednesday. The energy company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.04, Yahoo Finance reports. Archrock had a return on equity of 15.39% and a net margin of 12.54%. The company had revenue of $268.49 million for the quarter, compared to analyst estimates of $260.51 million. During the same period in the prior year, the company posted $0.10 EPS. The company’s revenue was up 3.4% compared to the same quarter last year.

Archrock Stock Up 0.8 %

NYSE:AROC traded up $0.17 during trading hours on Friday, reaching $20.20. The company had a trading volume of 1,559,601 shares, compared to its average volume of 1,322,412. The business’s 50-day simple moving average is $19.34 and its two-hundred day simple moving average is $16.46. Archrock has a twelve month low of $8.92 and a twelve month high of $21.40. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of 2.81 and a beta of 1.58. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.82.

Archrock Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 14th. Stockholders of record on Tuesday, May 7th will be given a $0.165 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.27%. Archrock’s dividend payout ratio (DPR) is currently 79.52%.

Wall Street Analysts Forecast Growth

Several analysts have commented on AROC shares. Stifel Nicolaus upped their target price on shares of Archrock from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday. Royal Bank of Canada raised their price target on Archrock from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.67.

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.