Press coverage about Archrock (NYSE:AROC) has been trending somewhat positive on Saturday, according to Accern. Accern rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Archrock earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned media headlines about the energy company an impact score of 46.8641108029563 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
Several brokerages recently weighed in on AROC. Zacks Investment Research lowered shares of Archrock from a “hold” rating to a “strong sell” rating in a report on Friday. B. Riley restated a “neutral” rating on shares of Archrock in a report on Wednesday, November 1st. Scotiabank restated a “hold” rating and issued a $14.00 price objective on shares of Archrock in a report on Friday, November 3rd. BidaskClub lowered shares of Archrock from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $13.00 price objective on shares of Archrock in a report on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $13.29.
Shares of Archrock (NYSE:AROC) traded down $0.30 during trading hours on Friday, reaching $10.50. 301,900 shares of the company’s stock traded hands, compared to its average volume of 579,476. Archrock has a 1 year low of $8.30 and a 1 year high of $16.40. The company has a quick ratio of 0.94, a current ratio of 1.63 and a debt-to-equity ratio of 1.99.
Archrock (NYSE:AROC) last issued its earnings results on Thursday, November 2nd. The energy company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.01). Archrock had a negative net margin of 8.62% and a negative return on equity of 2.93%. The firm had revenue of $197.85 million during the quarter, compared to the consensus estimate of $202.34 million. During the same period in the previous year, the company posted $0.01 EPS. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. research analysts anticipate that Archrock will post -0.23 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend is Tuesday, November 7th. Archrock’s payout ratio is presently -48.98%.
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Archrock Company Profile
Archrock, Inc is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States.
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