Archrock, Inc. (NYSE:AROC) Declares Dividend of $0.18

Archrock, Inc. (NYSE:AROC) declared a dividend on Thursday, October 24th, NASDAQ reports. Stockholders of record on Wednesday, November 6th will be paid a dividend of 0.175 per share by the energy company on Wednesday, November 13th. The ex-dividend date is Wednesday, November 6th.

Archrock has raised its dividend payment by an average of 1.7% annually over the last three years. Archrock has a dividend payout ratio of 45.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Archrock to earn $1.38 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 47.8%.

Archrock Stock Up 1.3 %

Shares of Archrock stock traded up $0.26 during midday trading on Friday, reaching $20.37. 1,096,593 shares of the company’s stock traded hands, compared to its average volume of 1,436,858. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.94 and a current ratio of 1.53. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 24.54 and a beta of 1.51. Archrock has a 52 week low of $12.41 and a 52 week high of $23.44. The company’s 50 day simple moving average is $20.25 and its 200 day simple moving average is $20.13.

Archrock (NYSE:AROC) last posted its quarterly earnings data on Tuesday, July 30th. The energy company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $270.53 million during the quarter, compared to analysts’ expectations of $270.61 million. Archrock had a return on equity of 16.35% and a net margin of 13.20%. Equities analysts expect that Archrock will post 1.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Citigroup started coverage on Archrock in a research report on Friday, September 27th. They issued a “buy” rating and a $24.00 price objective on the stock. Royal Bank of Canada upped their target price on shares of Archrock from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. assumed coverage on Archrock in a report on Friday, September 6th. They issued an “overweight” 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 stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Mizuho began coverage on shares of Archrock in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $24.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Archrock currently has a consensus rating of “Moderate Buy” and an average target price of $24.50.

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.