Archrock (AROC) to Release Earnings on Tuesday

Archrock (NYSE:AROC) is anticipated to release its earnings data before the market opens on Tuesday, February 18th. Analysts expect Archrock to post earnings of $0.32 per share and revenue of $328.38 million for the quarter.

Archrock Price Performance

NYSE:AROC opened at $27.60 on Friday. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 30.32, a P/E/G ratio of 1.70 and a beta of 1.57. Archrock has a 52-week low of $16.34 and a 52-week high of $30.44. The stock has a fifty day moving average of $26.96 and a 200 day moving average of $23.19. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26.

Archrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th will be paid a dividend of $0.19 per share. This is a positive change from Archrock’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Wednesday, February 12th. This represents a $0.76 annualized dividend and a yield of 2.75%. Archrock’s dividend payout ratio (DPR) is currently 83.52%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Royal Bank of Canada lifted their price objective on Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. lifted their price objective on Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.17.

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.