Archrock (NYSE:AROC) Posts Quarterly Earnings Results, Misses Estimates By $0.05 EPS


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Archrock (NYSE:AROC) posted its earnings results on Sunday. The energy company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.05), MarketWatch Earnings reports. Archrock had a negative net margin of 2.95% and a positive return on equity of 10.04%.

NYSE AROC traded down $0.52 on Tuesday, reaching $9.77. 43,748 shares of the stock traded hands, compared to its average volume of 784,396. The firm’s fifty day simple moving average is $9.57 and its 200 day simple moving average is $7.63. The company has a quick ratio of 1.07, a current ratio of 1.55 and a debt-to-equity ratio of 1.82. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -50.68 and a beta of 2.72. Archrock has a 12 month low of $2.09 and a 12 month high of $10.69.

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 16th. Shareholders of record on Monday, February 8th were paid a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date was Friday, February 5th. Archrock’s payout ratio is currently 92.06%.

AROC has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Archrock from a “hold” rating to a “sell” rating in a report on Monday, January 4th. Capital One Financial lowered Archrock from an “overweight” rating to an “equal weight” rating in a report on Wednesday, November 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $7.67.

Archrock Company Profile

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 offers natural gas compression services to customers in the oil and natural gas industry. It also provides various 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 for Archrock (NYSE:AROC)

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