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

Archrock (NYSE:AROC) announced its quarterly earnings data on Tuesday. 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 net margin of 12.54% and a return on equity of 15.39%. The firm had revenue of $268.49 million for the quarter, compared to analyst estimates of $260.51 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year.

Archrock Stock Up 3.0 %

AROC stock traded up $0.58 during trading on Thursday, reaching $20.08. The stock had a trading volume of 500,938 shares, compared to its average volume of 1,300,368. Archrock has a one year low of $8.78 and a one year high of $21.40. The company has a quick ratio of 0.86, a current ratio of 1.40 and a debt-to-equity ratio of 1.82. The company’s 50 day moving average is $19.32 and its two-hundred day moving average is $16.44. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 23.48, a P/E/G ratio of 2.77 and a beta of 1.58.

Archrock Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 14th. Shareholders of record on Tuesday, May 7th will be given a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Monday, May 6th. Archrock’s payout ratio is 79.52%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada boosted their target price on shares of Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Thursday, March 28th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $17.67.

About Archrock

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.