Archrock, Inc. (NYSE:AROC) Plans Quarterly Dividend of $0.19

Archrock, Inc. (NYSE:AROC) announced a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Stockholders of record on Wednesday, February 12th will be given a dividend of 0.19 per share by the energy company on Wednesday, February 19th. This represents a $0.76 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Wednesday, February 12th. This is a boost from Archrock’s previous quarterly dividend of $0.18.

Archrock has increased its dividend by an average of 4.9% per year over the last three years. Archrock has a payout ratio of 45.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Archrock to earn $1.37 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 55.5%.

Archrock Stock Down 0.3 %

Shares of NYSE AROC opened at $27.99 on Monday. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. Archrock has a 52 week low of $15.81 and a 52 week high of $30.44. The business has a 50-day simple moving average of $26.75 and a two-hundred day simple moving average of $22.98. The company has a market cap of $4.90 billion, a P/E ratio of 30.75, a P/E/G ratio of 1.70 and a beta of 1.57.

Archrock (NYSE:AROC) last posted its quarterly earnings results on Monday, November 11th. The energy company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Archrock had a net margin of 13.34% and a return on equity of 16.24%. The company had revenue of $292.16 million during the quarter, compared to analyst estimates of $286.19 million. During the same period in the prior year, the business posted $0.20 EPS. The firm’s revenue was up 15.3% compared to the same quarter last year. Research analysts anticipate that Archrock will post 1.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

About Archrock

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.