Archrock Inc (NYSE:AROC) – Piper Jaffray Companies increased their FY2019 earnings per share estimates for shares of Archrock in a note issued to investors on Tuesday, April 23rd. Piper Jaffray Companies analyst J. Watson now anticipates that the energy company will earn $0.75 per share for the year, up from their prior estimate of $0.74. Piper Jaffray Companies also issued estimates for Archrock’s Q1 2020 earnings at $0.21 EPS, Q2 2020 earnings at $0.24 EPS, Q3 2020 earnings at $0.24 EPS, Q4 2020 earnings at $0.22 EPS and FY2020 earnings at $0.90 EPS.
Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Archrock from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Thursday. ValuEngine upgraded shares of Archrock from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, B. Riley reiterated a “buy” rating on shares of Archrock in a research report on Friday, February 22nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $14.17.
Shares of Archrock stock opened at $10.52 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.19 and a debt-to-equity ratio of 1.82. Archrock has a twelve month low of $7.26 and a twelve month high of $13.75. The stock has a market cap of $1.40 billion, a PE ratio of 21.92 and a beta of 2.89.
Archrock (NYSE:AROC) last issued its earnings results on Tuesday, February 19th. The energy company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.02. Archrock had a net margin of 2.33% and a return on equity of 4.09%. The business had revenue of $233.20 million for the quarter, compared to analyst estimates of $232.15 million. Archrock’s revenue for the quarter was up 11.6% on a year-over-year basis.
Large investors have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC boosted its position in Archrock by 33.5% in the third quarter. MetLife Investment Advisors LLC now owns 84,132 shares of the energy company’s stock valued at $1,026,000 after buying an additional 21,132 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in Archrock in the third quarter valued at about $378,000. Vanguard Group Inc boosted its position in Archrock by 2.5% in the third quarter. Vanguard Group Inc now owns 13,695,504 shares of the energy company’s stock valued at $167,085,000 after buying an additional 331,688 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in Archrock in the third quarter valued at about $6,758,000. Finally, Viking Fund Management LLC boosted its position in Archrock by 9.5% in the fourth quarter. Viking Fund Management LLC now owns 810,000 shares of the energy company’s stock valued at $6,067,000 after buying an additional 70,000 shares in the last quarter. Hedge funds and other institutional investors own 88.81% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th will be given a $0.132 dividend. The ex-dividend date is Tuesday, May 7th. This represents a $0.53 dividend on an annualized basis and a yield of 5.02%. Archrock’s dividend payout ratio (DPR) is presently 110.42%.
Archrock, Inc operates as a midstream energy infrastructure company in the United States. It operates in two segments, Contract Operations and Aftermarket Services. 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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