Archrock, Inc. (AROC) To Go Ex-Dividend on August 4th

Archrock, Inc. (NYSE:AROC) announced a quarterly dividend on Thursday, July 23rd. Shareholders of record on Tuesday, August 4th will be given a dividend of 0.23 per share by the energy company on Tuesday, August 11th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Tuesday, August 4th. This is a 4.5% increase from Archrock’s previous quarterly dividend of $0.22.

Archrock has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Archrock has a payout ratio of 47.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Archrock to earn $2.29 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 38.4%.

Archrock Stock Performance

Shares of Archrock stock opened at $36.17 on Friday. The firm has a fifty day moving average of $37.14 and a two-hundred day moving average of $34.77. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 1.68 and a beta of 0.84. Archrock has a 52 week low of $21.17 and a 52 week high of $42.23. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.91 and a current ratio of 1.41.

Archrock (NYSE:AROC) last posted its quarterly earnings results on Tuesday, May 5th. The energy company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.05). Archrock had a net margin of 21.45% and a return on equity of 22.89%. The company had revenue of $373.77 million during the quarter, compared to analyst estimates of $378.36 million. Archrock’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, equities research analysts predict that Archrock will post 1.9 EPS for the current year.

Archrock Company Profile

Archrock, Inc is a Houston?based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short?term rentals and long?term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.