Archrock (AROC) Announces Earnings Results, Beats Expectations By $0.02 EPS

Archrock (NYSE:AROC) issued its quarterly earnings results on Wednesday. The energy company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02, reports. The company had revenue of $232.37 million during the quarter, compared to the consensus estimate of $226.19 million. Archrock had a return on equity of 0.45% and a net margin of 4.19%. Archrock’s revenue was up 17.4% on a year-over-year basis. During the same period last year, the company earned ($0.09) earnings per share.

Shares of NYSE:AROC traded up $0.30 on Thursday, hitting $10.56. 935,761 shares of the company’s stock were exchanged, compared to its average volume of 1,392,781. Archrock has a 12 month low of $8.25 and a 12 month high of $13.75. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -52.80 and a beta of 2.86. The company has a current ratio of 1.35, a quick ratio of 0.86 and a debt-to-equity ratio of 1.76.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Wednesday, November 7th will be given a dividend of $0.132 per share. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $0.53 annualized dividend and a dividend yield of 5.00%. Archrock’s dividend payout ratio (DPR) is -265.00%.

A number of brokerages recently issued reports on AROC. Zacks Investment Research downgraded Archrock from a “buy” rating to a “hold” rating in a research report on Thursday. TheStreet upgraded Archrock from a “d+” rating to a “c-” rating in a research report on Wednesday, August 1st. Piper Jaffray Companies restated a “buy” rating and issued a $14.75 price target on shares of Archrock in a research report on Tuesday, August 7th. Royal Bank of Canada restated a “buy” rating and issued a $16.00 price target on shares of Archrock in a research report on Friday, August 3rd. Finally, B. Riley raised their price target on Archrock from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, August 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Archrock presently has a consensus rating of “Hold” and a consensus target price of $14.00.

In other Archrock news, CFO Doug S. Aron bought 10,000 shares of the firm’s stock in a transaction dated Friday, August 17th. The stock was acquired at an average cost of $11.92 per share, for a total transaction of $119,200.00. Following the completion of the transaction, the chief financial officer now owns 49,215 shares in the company, valued at $586,642.80. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 2.54% of the stock is currently owned by company insiders.

Archrock Company Profile

Archrock, Inc engages in the natural gas contract operations services business in the United States. The company provides natural gas compression services to customers in the oil and natural gas industry. It also offers aftermarket services, such as parts and components; and operation, maintenance, overhaul, and reconfiguration services to customers who own compression equipment.

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Earnings History for Archrock (NYSE:AROC)

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