Archrock, Inc. (NYSE:AROC – Free Report) – Equities research analysts at Sidoti issued their FY2028 earnings per share estimates for Archrock in a research report issued to clients and investors on Thursday, November 5th. Sidoti analyst S. Ferazani expects that the energy company will post earnings of $2.34 per share for the year. The consensus estimate for Archrock’s current full-year earnings is $1.73 per share.
Several other equities analysts have also commented on the company. Royal Bank Of Canada raised their price target on Archrock from $44.00 to $46.00 and gave the company an “outperform” rating in a research note on Monday, August 17th. Zacks Research upgraded Archrock from a “strong sell” rating to a “hold” rating in a report on Thursday, November 5th. Wells Fargo & Company lowered their price objective on shares of Archrock from $43.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, August 6th. JPMorgan Chase & Co. dropped their target price on shares of Archrock from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Finally, Evercore set a $40.00 target price on shares of Archrock in a research report on Monday, August 17th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.12.
Check Out Our Latest Analysis on Archrock
Archrock Price Performance
Shares of AROC stock opened at $27.93 on Monday. Archrock has a twelve month low of $22.88 and a twelve month high of $42.23. The company has a current ratio of 1.46, a quick ratio of 0.91 and a debt-to-equity ratio of 1.47. The stock has a fifty day simple moving average of $30.53 and a two-hundred day simple moving average of $34.10. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 14.64, a P/E/G ratio of 1.40 and a beta of 0.96.
Archrock (NYSE:AROC – Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The energy company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.45 by $0.04. The company had revenue of $370.81 million for the quarter, compared to the consensus estimate of $385.95 million. Archrock had a return on equity of 22.33% and a net margin of 22.89%. Archrock’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the business posted $0.42 EPS.
Archrock Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, November 10th. Shareholders of record on Tuesday, November 3rd were issued a dividend of $0.23 per share. The ex-dividend date was Tuesday, November 3rd. This represents a $0.92 dividend on an annualized basis and a yield of 3.3%. Archrock’s dividend payout ratio is currently 47.42%.
Institutional Trading of Archrock
Several hedge funds and other institutional investors have recently bought and sold shares of AROC. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Archrock in the 2nd quarter valued at $56,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Archrock during the 2nd quarter worth $83,000. Allworth Financial LP purchased a new stake in shares of Archrock during the 2nd quarter worth $119,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Archrock during the 2nd quarter worth $130,000. Finally, Valley National Advisers Inc. bought a new stake in Archrock during the third quarter valued at about $104,000. 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.
Featured Articles
- Five stocks we like better than Archrock
- Why Kinder Morgan’s Chairman Just Bought $15 Million in Stock
- Rocket Lab’s Record Backlog Could Fuel a Rebound, But Neutron Raises the Stakes
- Don’t Let Their Low Yields Fool You: 3 Dividend Stocks Worth Watching
- A $4 Billion Jolt: NRG Energy Powers Data Center Ambitions
Receive News & Ratings for Archrock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archrock and related companies with MarketBeat.com's FREE daily email newsletter.
