Archrock, Inc. (NYSE:AROC) Shareholders to Get $0.23 Quarterly Dividend

Archrock, Inc. (NYSE:AROC) declared a quarterly dividend on Thursday, October 22nd. Investors of record on Tuesday, November 3rd will be given a dividend of $0.23 per share by the energy company on Tuesday, November 10th. This represents a $0.92 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, November 3rd.

Archrock has increased its dividend payment 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. Equities analysts expect Archrock to earn $2.12 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 43.4%.

Archrock Stock Performance

Shares of NYSE:AROC opened at $28.43 on Friday. The firm’s 50 day simple moving average is $31.16 and its 200-day simple moving average is $34.70. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.94 and a current ratio of 1.39. Archrock has a one year low of $22.88 and a one year high of $42.23. The firm has a market cap of $4.98 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 1.44 and a beta of 0.92.

Archrock (NYSE:AROC) last posted its earnings results on Wednesday, August 5th. The energy company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). The business had revenue of $371.24 million for the quarter, compared to analysts’ expectations of $393.19 million. Archrock had a net margin of 21.84% and a return on equity of 22.22%. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period last year, the business posted $0.39 EPS. As a group, equities analysts predict that Archrock will post 1.72 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AROC. JPMorgan Chase & Co. dropped their price objective on shares of Archrock from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Evercore set a $40.00 price target on shares of Archrock in a report on Monday, August 17th. Wells Fargo & Company reduced their price objective on Archrock from $43.00 to $40.00 and set an “overweight” rating for the company in a research note on Thursday, August 6th. Weiss Ratings downgraded Archrock from a “buy (a-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Finally, Zacks Research lowered Archrock from a “hold” rating to a “strong sell” rating in a report on Monday, August 31st. Ten analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.12.

About Archrock

Archrock, Inc (NYSE: AROC) is a Houston-based energy infrastructure company that provides natural gas compression services in the United States. Compression is used to increase the pressure of natural gas so it can move efficiently through gathering systems, processing facilities, transmission pipelines and other midstream infrastructure.

The company operates a fleet of natural gas compressors and primarily serves customers through contract compression arrangements. Its services support a range of applications, including natural gas gathering, processing, transmission, storage and production.