Archrock, Inc. (AROC) To Go Ex-Dividend on November 3rd

Archrock, Inc. (NYSE:AROC) announced a quarterly dividend on Thursday, October 22nd. Shareholders of record on Tuesday, November 3rd will be paid a dividend of $0.23 per share by the energy company on Tuesday, November 10th. This represents a $0.92 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, November 3rd.

Archrock has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 3 years. Archrock has a dividend payout ratio of 50.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Archrock to earn $2.12 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 43.4%.

Archrock Stock Performance

NYSE:AROC opened at $29.12 on Friday. The firm has a market cap of $5.11 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 1.38 and a beta of 0.92. Archrock has a fifty-two week low of $22.88 and a fifty-two week high of $42.23. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.94 and a current ratio of 1.39. The business has a 50 day moving average price of $31.05 and a 200-day moving average price of $34.66.

Archrock (NYSE:AROC) last issued its earnings results on Wednesday, August 5th. The energy company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). Archrock had a return on equity of 22.22% and a net margin of 21.84%. The firm had revenue of $371.24 million during the quarter, compared to the consensus estimate of $393.19 million. During the same quarter in the prior year, the business posted $0.39 EPS. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. Equities research analysts predict that Archrock will post 1.72 earnings per share for the current year.

About Archrock

Archrock, Inc (NYSE: AROC) is a Houston-based energy infrastructure company that provides natural gas compression services in the United States. Compression is used to increase the pressure of natural gas so it can move efficiently through gathering systems, processing facilities, transmission pipelines and other midstream infrastructure.

The company operates a fleet of natural gas compressors and primarily serves customers through contract compression arrangements. Its services support a range of applications, including natural gas gathering, processing, transmission, storage and production.