Archrock, Inc. (NYSE:AROC) to Issue Quarterly Dividend of $0.17

Archrock, Inc. (NYSE:AROC) declared a quarterly dividend on Friday, April 26th, Zacks reports. Investors of record on Tuesday, May 7th will be paid a dividend of 0.165 per share by the energy company on Tuesday, May 14th. This represents a $0.66 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend is Monday, May 6th.

Archrock has increased its dividend by an average of 1.7% per year over the last three years and has raised its dividend every year for the last 2 years. Archrock has a dividend payout ratio of 55.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Archrock to earn $1.23 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 53.7%.

Archrock Stock Performance

Shares of AROC opened at $20.21 on Friday. The company’s 50 day moving average price is $19.38 and its 200 day moving average price is $16.54. Archrock has a 52 week low of $8.92 and a 52 week high of $21.40. The company has a market capitalization of $3.16 billion, a PE ratio of 24.35, a PEG ratio of 2.82 and a beta of 1.58. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.86 and a current ratio of 1.26.

Archrock (NYSE:AROC) last announced its quarterly earnings data on Wednesday, May 1st. The energy company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. The firm had revenue of $268.49 million for the quarter, compared to the consensus estimate of $260.51 million. Archrock had a net margin of 12.54% and a return on equity of 15.30%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. Research analysts expect that Archrock will post 1.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AROC. Stifel Nicolaus boosted their price objective on shares of Archrock from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Thursday. Royal Bank of Canada boosted their price objective on shares of Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Archrock currently has a consensus rating of “Moderate Buy” and an average target price of $19.67.

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.