Archrock (AROC) to Release Earnings on Tuesday

Archrock (NYSE:AROC) is expected to be posting its quarterly earnings results before the market opens on Tuesday, February 18th. Analysts expect Archrock to post earnings of $0.32 per share and revenue of $328.38 million for the quarter.

Archrock Stock Performance

NYSE:AROC opened at $27.60 on Friday. The stock has a market cap of $4.83 billion, a P/E ratio of 30.32, a PEG ratio of 1.70 and a beta of 1.57. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. The stock has a 50 day simple moving average of $26.96 and a 200 day simple moving average of $23.19. Archrock has a 1-year low of $16.34 and a 1-year high of $30.44.

Archrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.75%. This is an increase from Archrock’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, February 12th. Archrock’s payout ratio is currently 83.52%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Royal Bank of Canada upped their price target on Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. upped their price target on Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $25.17.

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.