Analysts expect Archrock Inc (NYSE:AROC) to announce earnings per share of $0.07 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Archrock’s earnings. The highest EPS estimate is $0.10 and the lowest is $0.04. The business is expected to issue its next quarterly earnings report on Thursday, February 28th.

On average, analysts expect that Archrock will report full-year earnings of $0.36 per share for the current year, with EPS estimates ranging from $0.29 to $0.43. For the next year, analysts forecast that the business will post earnings of $0.54 per share, with EPS estimates ranging from $0.52 to $0.57. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Archrock.

Archrock (NYSE:AROC) last issued its earnings results on Wednesday, October 31st. The energy company reported $0.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.02. The business had revenue of $232.37 million for the quarter, compared to the consensus estimate of $226.19 million. Archrock had a net margin of 6.32% and a return on equity of 2.49%. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.09) EPS.

A number of equities analysts have commented on the stock. Royal Bank of Canada restated a “buy” rating and issued a $16.00 target price on shares of Archrock in a research note on Friday, August 3rd. TheStreet upgraded shares of Archrock from a “d+” rating to a “c-” rating in a research note on Wednesday, August 1st. Piper Jaffray Companies restated a “buy” rating and issued a $14.75 target price on shares of Archrock in a research note on Tuesday, August 7th. B. Riley upped their target price on shares of Archrock from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Monday, August 6th. Finally, ValuEngine upgraded shares of Archrock from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Archrock presently has an average rating of “Buy” and an average price target of $14.33.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OppenheimerFunds Inc. lifted its position in Archrock by 12,522.4% during the second quarter. OppenheimerFunds Inc. now owns 11,487,159 shares of the energy company’s stock valued at $137,846,000 after acquiring an additional 11,396,153 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Archrock by 82.9% during the second quarter. BlackRock Inc. now owns 18,435,133 shares of the energy company’s stock worth $221,221,000 after purchasing an additional 8,355,098 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Archrock during the third quarter valued at $16,298,000. Global X Management Co LLC acquired a new stake in shares of Archrock in the second quarter valued at about $14,903,000. Finally, Bank of America Corp DE grew its position in shares of Archrock by 41.5% in the second quarter. Bank of America Corp DE now owns 3,384,646 shares of the energy company’s stock valued at $40,616,000 after purchasing an additional 992,743 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

AROC stock traded up $0.03 during mid-day trading on Wednesday, reaching $10.34. The company had a trading volume of 22,585 shares, compared to its average volume of 1,012,089. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.46 and a quick ratio of 0.98. The company has a market capitalization of $1.33 billion, a P/E ratio of -51.90 and a beta of 2.84. Archrock has a 12 month low of $8.25 and a 12 month high of $13.75.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Stockholders of record on Wednesday, November 7th were paid a dividend of $0.132 per share. The ex-dividend date was Tuesday, November 6th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 5.11%. Archrock’s dividend payout ratio is presently -265.00%.

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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Earnings History and Estimates for Archrock (NYSE:AROC)

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