Archrock (AROC) Scheduled to Post Earnings on Monday

Archrock (NYSE:AROC) will be posting its quarterly earnings results after the market closes on Monday, November 11th. Analysts expect Archrock to post earnings of $0.28 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Archrock Price Performance

Shares of NYSE:AROC opened at $22.63 on Friday. The business has a 50 day moving average price of $20.50 and a 200 day moving average price of $20.21. Archrock has a twelve month low of $13.32 and a twelve month high of $23.44. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 25.43 and a beta of 1.52. The company has a quick ratio of 0.94, a current ratio of 1.53 and a debt-to-equity ratio of 1.80.

Archrock Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Wednesday, November 6th will be issued a $0.175 dividend. This is a boost from Archrock’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a $0.70 annualized dividend and a yield of 3.09%. Archrock’s dividend payout ratio is 74.16%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Stifel Nicolaus lifted their price objective on Archrock from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Evercore ISI assumed coverage on Archrock in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $24.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on Archrock in a research note on Friday, September 6th. They issued an “overweight” rating and a $24.00 target price for the company. Royal Bank of Canada lifted their target price on Archrock from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Mizuho started coverage on Archrock in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $24.00 target price for the company. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.50.

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.