Archrock (NYSE:AROC) released its quarterly earnings data on Thursday. The energy company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.30), MarketWatch Earnings reports. The company had revenue of $220.32 million during the quarter, compared to analyst estimates of $236.82 million. Archrock had a negative net margin of 2.61% and a positive return on equity of 9.43%.
AROC stock opened at $6.66 on Friday. The company’s 50-day moving average price is $6.47 and its two-hundred day moving average price is $6.17. The firm has a market cap of $1.02 billion, a P/E ratio of -39.17 and a beta of 2.87. The company has a quick ratio of 0.96, a current ratio of 1.42 and a debt-to-equity ratio of 1.83. Archrock has a 12 month low of $2.09 and a 12 month high of $11.43.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Investors of record on Monday, August 10th will be given a dividend of $0.145 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.58 annualized dividend and a yield of 8.71%. Archrock’s dividend payout ratio is 92.06%.
Several equities analysts have recently commented on AROC shares. TheStreet raised Archrock from a “d+” rating to a “c-” rating in a research report on Wednesday. Stifel Nicolaus started coverage on shares of Archrock in a research note on Monday, June 29th. They issued a “buy” rating and a $8.00 price objective for the company. ValuEngine raised shares of Archrock from a “sell” rating to a “hold” rating in a report on Thursday. B. Riley initiated coverage on shares of Archrock in a report on Monday, June 29th. They set a “buy” rating and a $8.00 target price on the stock. Finally, Zacks Investment Research cut Archrock from a “buy” rating to a “hold” rating in a research note on Monday, June 1st. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $7.67.
Archrock, Inc engages in the provision of operations, maintenance, service, and equipment for oil and natural gas production, processing, and transportation applications. It operates through the Contract Operations and Aftermarket Services segments. The Contract Operations segment is comprised of equity investment in the partnership, in addition to the owned fleet of natural gas compression equipment that the company use to provide operations services.
Further Reading: What does earnings per share mean?
Receive News & Ratings for Archrock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Archrock and related companies with MarketBeat.com's FREE daily email newsletter.