Archrock (NYSE:AROC) Issues Quarterly Earnings Results


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Archrock (NYSE:AROC) issued its earnings results on Sunday. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.05), MarketWatch Earnings reports. Archrock had a negative net margin of 2.95% and a positive return on equity of 10.04%.

Shares of NYSE AROC traded down $0.52 during mid-day trading on Tuesday, reaching $9.77. 43,748 shares of the company’s stock were exchanged, compared to its average volume of 784,396. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of -50.68 and a beta of 2.72. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.07 and a current ratio of 1.55. Archrock has a 52-week low of $2.09 and a 52-week high of $10.69. The company’s 50-day moving average is $9.57 and its 200-day moving average is $7.63.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 16th. Stockholders of record on Monday, February 8th were issued a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date was Friday, February 5th. Archrock’s dividend payout ratio is presently 92.06%.

Several analysts have issued reports on AROC shares. Capital One Financial cut Archrock from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 4th. Zacks Investment Research cut Archrock from a “hold” rating to a “sell” rating in a report on Monday, January 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $7.67.

Archrock Company Profile

Archrock, Inc operates as a midstream energy infrastructure company in the United States. It operates in two segments, Contract Operations and Aftermarket Services. The company offers natural gas compression services to customers in the oil and natural gas industry. It also provides various aftermarket services, such as parts and components; and operation, maintenance, overhaul, and reconfiguration services to customers who own compression equipment.

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Earnings History for Archrock (NYSE:AROC)

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