Archrock, Inc. Announces Quarterly Dividend of $0.17 (NYSE:AROC)

Archrock, Inc. (NYSE:AROC) declared a quarterly dividend on Friday, April 26th, Zacks reports. Investors of record on Tuesday, May 7th will be paid a dividend of 0.165 per share by the energy company on Tuesday, May 14th. This represents a $0.66 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend is Monday, May 6th.

Archrock has increased its dividend payment by an average of 1.7% per year over the last three years and has increased its dividend every year for the last 2 years. Archrock has a dividend payout ratio of 55.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Archrock to earn $1.16 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 56.9%.

Archrock Trading Up 0.8 %

Shares of NYSE AROC traded up $0.16 during midday trading on Friday, hitting $20.20. 1,044,019 shares of the company traded hands, compared to its average volume of 1,259,756. Archrock has a 12-month low of $8.78 and a 12-month high of $21.40. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.86 and a current ratio of 1.40. The stock has a 50-day moving average price of $19.22 and a 200 day moving average price of $16.27. The firm has a market cap of $3.16 billion, a P/E ratio of 30.15, a P/E/G ratio of 2.89 and a beta of 1.59.

Archrock (NYSE:AROC) last announced its quarterly earnings results on Wednesday, February 21st. The energy company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Archrock had a net margin of 10.60% and a return on equity of 12.63%. The company had revenue of $259.60 million for the quarter, compared to analysts’ expectations of $252.42 million. During the same quarter in the previous year, the company earned $0.07 earnings per share. Archrock’s quarterly revenue was up 18.6% on a year-over-year basis. As a group, analysts expect that Archrock will post 0.99 earnings per share for the current year.

Analysts Set New Price Targets

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