Equities Analysts Offer Predictions for Archrock Q4 Earnings

Archrock, Inc. (NYSE:AROC) – Equities research analysts at Sidoti Csr cut their Q4 2024 earnings estimates for shares of Archrock in a research report issued to clients and investors on Wednesday, November 13th. Sidoti Csr analyst S. Ferazani now anticipates that the energy company will post earnings per share of $0.27 for the quarter, down from their prior forecast of $0.29. The consensus estimate for Archrock’s current full-year earnings is $1.13 per share. Sidoti Csr also issued estimates for Archrock’s Q1 2025 earnings at $0.30 EPS, Q2 2025 earnings at $0.32 EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.34 EPS, FY2025 earnings at $1.29 EPS and FY2026 earnings at $1.53 EPS.

Archrock (NYSE:AROC) last posted its earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. Archrock had a net margin of 13.34% and a return on equity of 18.12%. The company had revenue of $292.16 million during the quarter, compared to analysts’ expectations of $286.19 million. During the same period last year, the company posted $0.20 earnings per share. Archrock’s quarterly revenue was up 15.3% on a year-over-year basis.

A number of other equities research analysts also recently issued reports on AROC. Mizuho began coverage on shares of Archrock in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $24.00 price target on the stock. Royal Bank of Canada increased their price target on shares of Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday. Evercore ISI started coverage on Archrock in a research note on Wednesday, September 25th. They set an “outperform” rating and a $24.00 price objective on the stock. Stifel Nicolaus raised their price objective on Archrock from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. started coverage on Archrock in a research report on Friday, September 6th. They set an “overweight” rating and a $24.00 target price on the stock. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $24.67.

Archrock Price Performance

Shares of Archrock stock opened at $23.26 on Thursday. The firm has a market cap of $3.93 billion, a PE ratio of 25.36 and a beta of 1.52. The stock has a 50 day moving average of $20.76 and a 200 day moving average of $20.29. The company has a current ratio of 1.53, a quick ratio of 0.94 and a debt-to-equity ratio of 1.80. Archrock has a 12 month low of $13.89 and a 12 month high of $24.71.

Institutional Investors Weigh In On Archrock

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in shares of Archrock by 16.6% during the 2nd quarter. GAMMA Investing LLC now owns 4,052 shares of the energy company’s stock worth $82,000 after buying an additional 578 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Archrock by 0.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 84,245 shares of the energy company’s stock worth $1,658,000 after acquiring an additional 710 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Archrock by 6.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,373 shares of the energy company’s stock valued at $230,000 after purchasing an additional 713 shares during the period. Atria Investments Inc raised its holdings in shares of Archrock by 2.3% in the 3rd quarter. Atria Investments Inc now owns 32,648 shares of the energy company’s stock valued at $661,000 after purchasing an additional 746 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Archrock by 2.2% in the 2nd quarter. Van ECK Associates Corp now owns 35,280 shares of the energy company’s stock worth $713,000 after purchasing an additional 753 shares during the period. 95.45% of the stock is owned by hedge funds and other institutional investors.

Archrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th were given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 3.01%. This is an increase from Archrock’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, November 6th. Archrock’s dividend payout ratio (DPR) is 76.92%.

About Archrock

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.