Archrock, Inc. (AROC) to Issue Quarterly Dividend of $0.23 on August 11th

Archrock, Inc. (NYSE:AROC) declared a quarterly dividend on Thursday, July 23rd. Stockholders of record on Tuesday, August 4th will be given a dividend of 0.23 per share by the energy company on Tuesday, August 11th. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, August 4th. This is a 4.5% increase from Archrock’s previous quarterly dividend of $0.22.

Archrock has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 3 years. Archrock has a payout ratio of 50.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Archrock to earn $2.29 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 40.2%.

Archrock Price Performance

Shares of AROC stock opened at $35.73 on Friday. The business has a fifty day simple moving average of $36.92 and a 200 day simple moving average of $35.10. The company has a market cap of $6.26 billion, a P/E ratio of 19.42, a P/E/G ratio of 1.57 and a beta of 0.84. The company has a quick ratio of 0.91, a current ratio of 1.41 and a debt-to-equity ratio of 1.57. Archrock has a twelve month low of $21.17 and a twelve month high of $42.23.

Archrock (NYSE:AROC) last released its earnings results on Tuesday, May 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.05). The business had revenue of $373.77 million during the quarter, compared to the consensus estimate of $378.36 million. Archrock had a net margin of 21.45% and a return on equity of 22.89%. The company’s revenue was up 7.7% compared to the same quarter last year. On average, sell-side analysts forecast that Archrock will post 1.9 EPS for the current fiscal year.

Archrock Company Profile

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.