Archrock (AROC) Issues Quarterly Earnings Results

Archrock (NYSE:AROC) posted its quarterly earnings data on Tuesday. The energy company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02, Briefing.com reports. The firm had revenue of $233.20 million during the quarter, compared to analysts’ expectations of $232.15 million. Archrock had a net margin of 6.32% and a return on equity of 2.49%. The business’s revenue was up 11.6% compared to the same quarter last year.

Shares of NYSE:AROC traded down $0.49 during trading on Thursday, hitting $10.23. 52,565 shares of the company’s stock were exchanged, compared to its average volume of 841,474. Archrock has a 1-year low of $7.26 and a 1-year high of $13.75. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of -51.10 and a beta of 2.94. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.46 and a quick ratio of 0.98.

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The firm also recently declared a quarterly dividend, which was paid on Thursday, February 14th. Stockholders of record on Friday, February 8th were given a dividend of $0.132 per share. This represents a $0.53 annualized dividend and a dividend yield of 5.16%. The ex-dividend date was Thursday, February 7th. Archrock’s dividend payout ratio is -265.00%.

AROC has been the subject of several research reports. Zacks Investment Research upgraded shares of Archrock from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Monday, January 14th. ValuEngine upgraded shares of Archrock from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Archrock has a consensus rating of “Buy” and a consensus target price of $14.00.

In other Archrock news, CEO D Bradley Childers acquired 10,810 shares of the stock in a transaction dated Tuesday, December 11th. The shares were bought at an average cost of $9.05 per share, for a total transaction of $97,830.50. Following the completion of the acquisition, the chief executive officer now directly owns 941,959 shares of the company’s stock, valued at $8,524,728.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Doug S. Aron acquired 8,000 shares of the stock in a transaction dated Tuesday, December 11th. The stock was acquired at an average price of $8.81 per share, for a total transaction of $70,480.00. Following the completion of the acquisition, the insider now directly owns 64,715 shares of the company’s stock, valued at $570,139.15. The disclosure for this purchase can be found here. 2.54% of the stock is owned by company insiders.

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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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