Archrock (AROC) Projected to Post Quarterly Earnings on Tuesday

Archrock (NYSE:AROC) is expected to post its quarterly earnings results before the market opens on Tuesday, February 18th. Analysts expect Archrock to post earnings of $0.32 per share and revenue of $328.38 million for the quarter.

Archrock Stock Up 0.1 %

NYSE AROC opened at $27.60 on Monday. The stock has a market cap of $4.83 billion, a PE ratio of 30.32, a PEG ratio of 1.70 and a beta of 1.57. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. Archrock has a twelve month low of $16.34 and a twelve month high of $30.44. The firm has a 50-day simple moving average of $26.96 and a 200 day simple moving average of $23.20.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th will be paid a dividend of $0.19 per share. This is a boost from Archrock’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.76 dividend on an annualized basis and a yield of 2.75%. Archrock’s dividend payout ratio (DPR) is currently 76.92%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AROC. Royal Bank of Canada lifted their target price on shares of Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. lifted their target price on shares of Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $25.17.

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.