Archrock, Inc. (NYSE:AROC) Announces Quarterly Dividend of $0.19

Archrock, Inc. (NYSE:AROC) declared a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Shareholders of record on Wednesday, February 12th will be paid a dividend of 0.19 per share by the energy company on Wednesday, February 19th. This represents a $0.76 annualized dividend and a yield of 2.71%. The ex-dividend date is Wednesday, February 12th. This is a positive change from Archrock’s previous quarterly dividend of $0.18.

Archrock has raised its dividend payment by an average of 4.9% per year over the last three years. Archrock has a payout ratio of 42.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Archrock to earn $1.37 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 51.1%.

Archrock Stock Performance

Shares of Archrock stock traded down $1.91 during midday trading on Friday, hitting $28.08. The company had a trading volume of 2,003,180 shares, compared to its average volume of 1,423,404. Archrock has a 1-year low of $15.65 and a 1-year high of $30.44. The business’s 50 day simple moving average is $26.38 and its two-hundred day simple moving average is $22.74. The stock has a market cap of $4.92 billion, a PE ratio of 30.85, a P/E/G ratio of 1.75 and a beta of 1.58. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82.

Archrock (NYSE:AROC) last posted its quarterly earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The company had revenue of $292.16 million for the quarter, compared to analyst estimates of $286.19 million. Archrock had a net margin of 13.34% and a return on equity of 16.24%. The business’s quarterly revenue was up 15.3% on a year-over-year basis. During the same period last year, the business posted $0.20 EPS. As a group, equities analysts predict that Archrock will post 1.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AROC has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. Royal Bank of Canada lifted their target price on shares of Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Archrock presently has an average rating of “Moderate Buy” and an average target price of $25.17.

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.