Archrock Inc Announces Quarterly Dividend of $0.12 (AROC)
Archrock Inc (NYSE:AROC) announced a quarterly dividend on Thursday, January 18th, Zacks reports. Stockholders of record on Thursday, February 8th will be paid a dividend of 0.12 per share by the energy company on Wednesday, February 14th. This represents a $0.48 annualized dividend and a dividend yield of 5.25%. The ex-dividend date of this dividend is Wednesday, February 7th.
Shares of Archrock (AROC) opened at $9.15 on Tuesday. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.63 and a quick ratio of 0.94. The company has a market capitalization of $737.89, a PE ratio of -9.34 and a beta of 3.20. Archrock has a 12 month low of $8.30 and a 12 month high of $16.40.
Several analysts have recently commented on the company. Piper Jaffray Companies upgraded Archrock from a “neutral” rating to an “overweight” rating in a research note on Friday, January 26th. B. Riley set a $12.00 target price on Archrock and gave the company a “hold” rating in a research note on Thursday, January 11th. Royal Bank of Canada restated a “buy” rating and issued a $14.00 target price on shares of Archrock in a research note on Thursday, January 4th. ValuEngine upgraded Archrock from a “sell” rating to a “hold” rating in a research note on Friday, December 1st. Finally, BidaskClub downgraded Archrock from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $13.25.
Archrock, Inc is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States.
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