Archrock, Inc. (AROC) To Go Ex-Dividend on November 3rd

Archrock, Inc. (NYSE:AROC) announced a quarterly dividend on Thursday, October 22nd. Shareholders of record on Tuesday, November 3rd will be paid a dividend of $0.23 per share by the energy company on Tuesday, November 10th. This represents a $0.92 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, November 3rd.

Archrock has increased its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Archrock has a dividend payout ratio of 50.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Archrock to earn $2.12 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 43.4%.

Archrock Trading Down 1.4%

Archrock stock opened at $31.66 on Friday. The stock has a market cap of $5.55 billion, a PE ratio of 17.02, a P/E/G ratio of 1.54 and a beta of 0.92. Archrock has a 52 week low of $22.88 and a 52 week high of $42.23. The company has a current ratio of 1.39, a quick ratio of 0.94 and a debt-to-equity ratio of 1.51. The stock has a 50-day moving average price of $30.89 and a 200 day moving average price of $34.03.

Archrock (NYSE:AROC) last posted its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). Archrock had a net margin of 21.84% and a return on equity of 22.22%. The firm had revenue of $371.24 million during the quarter, compared to analyst estimates of $393.19 million. During the same period in the prior year, the firm earned $0.39 EPS. The business’s quarterly revenue was down 3.1% on a year-over-year basis. Equities research analysts predict that Archrock will post 1.72 earnings per share for the current fiscal year.

About Archrock

Archrock, Inc (NYSE: AROC) is a Houston-based energy infrastructure company that provides natural gas compression services in the United States. Compression is used to increase the pressure of natural gas so it can move efficiently through gathering systems, processing facilities, transmission pipelines and other midstream infrastructure.

The company operates a fleet of natural gas compressors and primarily serves customers through contract compression arrangements. Its services support a range of applications, including natural gas gathering, processing, transmission, storage and production.