Archrock, Inc. (NYSE:AROC) to Issue Quarterly Dividend of $0.17

Archrock, Inc. (NYSE:AROC) declared a quarterly dividend on Friday, April 26th, Zacks reports. Shareholders of record on Tuesday, May 7th will be given a dividend of 0.165 per share by the energy company on Tuesday, May 14th. This represents a $0.66 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Monday, May 6th.

Archrock has raised its dividend payment by an average of 1.7% annually over the last three years and has raised its dividend every year for the last 2 years. Archrock has a payout ratio of 55.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Archrock to earn $1.23 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 53.7%.

Archrock Stock Performance

Archrock stock opened at $20.21 on Friday. Archrock has a 12-month low of $8.92 and a 12-month high of $21.40. The company has a quick ratio of 0.86, a current ratio of 1.26 and a debt-to-equity ratio of 1.78. The business’s 50-day moving average price is $19.38 and its two-hundred day moving average price is $16.54. The stock has a market cap of $3.16 billion, a PE ratio of 24.35, a P/E/G ratio of 2.82 and a beta of 1.58.

Archrock (NYSE:AROC) last released its quarterly earnings results on Wednesday, May 1st. The energy company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.04. The company had revenue of $268.49 million for the quarter, compared to analysts’ expectations of $260.51 million. Archrock had a return on equity of 15.30% and a net margin of 12.54%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 earnings per share. As a group, analysts expect that Archrock will post 1.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AROC. Royal Bank of Canada boosted their price target on Archrock from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Stifel Nicolaus boosted their price target on Archrock from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.67.

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.