Archrock (NYSE:AROC) issued its quarterly earnings results on Wednesday. The energy company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.07, reports. Archrock had a negative return on equity of 2.93% and a negative net margin of 8.62%. The company had revenue of $208.90 million for the quarter, compared to analyst estimates of $200.88 million. During the same quarter in the prior year, the company posted ($0.06) EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year.
Shares of Archrock (AROC) traded up $0.72 on Thursday, hitting $9.57. The company had a trading volume of 709,482 shares, compared to its average volume of 988,054. The company has a quick ratio of 0.94, a current ratio of 1.63 and a debt-to-equity ratio of 1.99. The stock has a market cap of $680.24, a price-to-earnings ratio of -9.87 and a beta of 3.10. Archrock has a twelve month low of $8.30 and a twelve month high of $15.50.
The company also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Thursday, February 8th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend was Wednesday, February 7th. Archrock’s dividend payout ratio (DPR) is currently -48.98%.
A number of research analysts have weighed in on AROC shares. BidaskClub lowered Archrock from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Scotiabank reaffirmed a “hold” rating and issued a $14.00 target price on shares of Archrock in a research report on Friday, November 3rd. B. Riley reaffirmed a “neutral” rating on shares of Archrock in a research report on Wednesday, November 1st. Zacks Investment Research lowered Archrock from a “hold” rating to a “strong sell” rating in a research report on Friday, November 10th. Finally, ValuEngine raised Archrock from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $13.25.
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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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