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


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Archrock (NYSE:AROC) issued its quarterly earnings data on Sunday. The energy company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%.

Archrock stock traded down $0.33 during mid-day trading on Tuesday, hitting $9.96. 69,308 shares of the stock were exchanged, compared to its average volume of 784,396. The company has a quick ratio of 1.07, a current ratio of 1.55 and a debt-to-equity ratio of 1.82. Archrock has a 12 month low of $2.09 and a 12 month high of $10.69. The firm’s fifty day simple moving average is $9.57 and its two-hundred day simple moving average is $7.63. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of -50.68 and a beta of 2.72.

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 16th. Shareholders of record on Monday, February 8th were issued a dividend of $0.145 per share. The ex-dividend date of this dividend was Friday, February 5th. This represents a $0.58 annualized dividend and a yield of 5.82%. Archrock’s payout ratio is 92.06%.

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