Archrock (NYSE:AROC) Posts Earnings Results, Beats Estimates By $0.27 EPS

Archrock (NYSE:AROC) announced its quarterly earnings data on Tuesday. The energy company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.40 by $0.27, Briefing.com reports. The firm had revenue of $377.07 million during the quarter, compared to analysts’ expectations of $378.04 million. Archrock had a net margin of 18.43% and a return on equity of 20.17%. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.34 earnings per share.

Archrock Stock Up 2.8%

AROC opened at $33.74 on Wednesday. The firm has a market cap of $5.92 billion, a P/E ratio of 22.50, a PEG ratio of 1.41 and a beta of 0.93. The business’s fifty day simple moving average is $28.41 and its 200 day simple moving average is $26.00. Archrock has a 52 week low of $20.12 and a 52 week high of $33.82. The company has a quick ratio of 1.01, a current ratio of 1.56 and a debt-to-equity ratio of 1.80.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 18th. Investors of record on Tuesday, February 10th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This is an increase from Archrock’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.6%. Archrock’s dividend payout ratio is 58.67%.

Institutional Trading of Archrock

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Garton & Associates Financial Advisors LLC purchased a new position in shares of Archrock during the 4th quarter worth $27,000. Jones Financial Companies Lllp grew its position in shares of Archrock by 217.9% in the first quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock valued at $35,000 after purchasing an additional 902 shares during the period. Larson Financial Group LLC increased its stake in Archrock by 92.6% in the third quarter. Larson Financial Group LLC now owns 1,647 shares of the energy company’s stock valued at $43,000 after purchasing an additional 792 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Archrock by 101.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,814 shares of the energy company’s stock worth $47,000 after buying an additional 915 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in Archrock during the fourth quarter worth about $61,000. 95.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AROC. Royal Bank Of Canada upped their price target on Archrock from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Evercore lifted their price objective on Archrock from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, October 30th. Zacks Research raised Archrock from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Archrock in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $32.40.

About Archrock

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.