Archrock, Inc. (NYSE:AROC – Get Free Report) announced a quarterly dividend on Friday, April 26th, Zacks reports. Shareholders of record on Tuesday, May 7th will be given a dividend of 0.165 per share by the energy company on Tuesday, May 14th. This represents a $0.66 annualized dividend and a dividend yield of 3.27%. The ex-dividend date is Monday, May 6th.
Archrock has increased its dividend payment by an average of 1.7% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Archrock has a dividend payout ratio of 55.9% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Price Performance
Shares of NYSE AROC traded up $0.16 during midday trading on Friday, hitting $20.20. 1,044,019 shares of the company’s stock were exchanged, compared to its average volume of 1,259,756. The company has a current ratio of 1.40, a quick ratio of 0.86 and a debt-to-equity ratio of 1.82. The business’s fifty day moving average price is $19.22 and its two-hundred day moving average price is $16.27. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 2.89 and a beta of 1.59. Archrock has a 12-month low of $8.78 and a 12-month high of $21.40.
Analyst Ratings Changes
Separately, Royal Bank of Canada increased their price objective on Archrock from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $17.67.
Check Out Our Latest Analysis on Archrock
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.
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