Archrock, Inc. (NYSE:AROC) to Issue $0.18 Dividend

Archrock, Inc. (NYSE:AROC) declared a dividend on Thursday, October 24th, NASDAQ reports. Investors of record on Wednesday, November 6th will be paid a dividend of 0.175 per share by the energy company on Wednesday, November 13th. The ex-dividend date of this dividend is Wednesday, November 6th.

Archrock has increased its dividend by an average of 1.7% per year over the last three years. Archrock has a dividend payout ratio of 45.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Archrock to earn $1.38 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 47.8%.

Archrock Stock Up 1.3 %

Shares of AROC stock traded up $0.26 during trading on Friday, reaching $20.37. The company’s stock had a trading volume of 1,096,593 shares, compared to its average volume of 1,436,858. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.53 and a quick ratio of 0.94. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 24.23 and a beta of 1.51. The stock’s 50-day moving average price is $20.25 and its 200 day moving average price is $20.13. Archrock has a 1-year low of $12.41 and a 1-year high of $23.44.

Archrock (NYSE:AROC) last issued its quarterly earnings results on Tuesday, July 30th. The energy company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Archrock had a net margin of 13.20% and a return on equity of 16.35%. The company had revenue of $270.53 million during the quarter, compared to the consensus estimate of $270.61 million. On average, research analysts anticipate that Archrock will post 1.07 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on AROC shares. JPMorgan Chase & Co. started coverage on shares of Archrock in a research note on Friday, September 6th. They issued an “overweight” rating and a $24.00 price target for the company. Stifel Nicolaus boosted their price objective on shares of Archrock from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Mizuho initiated coverage on shares of Archrock in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $24.00 price objective for the company. Royal Bank of Canada boosted their price objective on shares of Archrock from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Evercore ISI started coverage on shares of Archrock in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $24.00 price target for the company. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $24.50.

Archrock Company Profile

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.