Archrock, Inc. (NYSE:AROC) Announces $0.17 Quarterly Dividend

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 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Monday, May 6th.

Archrock has raised its dividend by an average of 1.7% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Archrock has a dividend payout ratio of 55.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Archrock to earn $1.16 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 56.9%.

Archrock Stock Up 0.8 %

NYSE AROC traded up $0.16 during trading on Friday, reaching $20.20. 1,044,019 shares of the company’s stock traded hands, compared to its average volume of 1,259,756. Archrock has a 12-month low of $8.78 and a 12-month high of $21.40. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.40 and a quick ratio of 0.86. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 2.89 and a beta of 1.59. The company’s 50 day simple moving average is $19.22 and its two-hundred day simple moving average is $16.27.

Archrock (NYSE:AROC) last posted its earnings results on Wednesday, February 21st. The energy company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Archrock had a return on equity of 12.63% and a net margin of 10.60%. The company had revenue of $259.60 million for the quarter, compared to analyst estimates of $252.42 million. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The firm’s quarterly revenue was up 18.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Archrock will post 0.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Royal Bank of Canada boosted their price objective on Archrock from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.67.

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.