Archrock, Inc. (NYSE:AROC) to Issue Quarterly Dividend of $0.19

Archrock, Inc. (NYSE:AROC) declared a quarterly dividend on Thursday, January 30th,Wall Street Journal reports. Stockholders of record on Wednesday, February 12th will be given a dividend of 0.19 per share by the energy company on Wednesday, February 19th. This represents a $0.76 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Wednesday, February 12th. This is a boost from Archrock’s previous quarterly dividend of $0.18.

Archrock has raised its dividend payment by an average of 4.9% annually over the last three years. Archrock has a payout ratio of 42.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Archrock to earn $1.37 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 51.1%.

Archrock Stock Down 6.4 %

AROC stock opened at $28.08 on Friday. Archrock has a fifty-two week low of $15.65 and a fifty-two week high of $30.44. The stock has a fifty day moving average of $26.43 and a 200-day moving average of $22.77. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. The company has a market capitalization of $4.92 billion, a price-to-earnings ratio of 30.85, a PEG ratio of 1.75 and a beta of 1.58.

Archrock (NYSE:AROC) last issued its earnings results on Monday, November 11th. The energy company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. Archrock had a return on equity of 16.24% and a net margin of 13.34%. The business had revenue of $292.16 million during the quarter, compared to the consensus estimate of $286.19 million. During the same quarter last year, the company earned $0.20 EPS. The firm’s revenue was up 15.3% compared to the same quarter last year. As a group, equities research analysts predict that Archrock will post 1.12 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. JPMorgan Chase & Co. raised their price target on Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Friday, November 29th. Royal Bank of Canada raised their price target on Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average 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.