Sidoti Csr Issues Negative Outlook for Archrock Earnings

Archrock, Inc. (NYSE:AROC) – Stock analysts at Sidoti Csr lowered their Q4 2024 EPS estimates for Archrock in a research report issued on Wednesday, November 13th. Sidoti Csr analyst S. Ferazani now expects that the energy company will earn $0.27 per share for the quarter, down from their previous estimate of $0.29. The consensus estimate for Archrock’s current full-year earnings is $1.13 per share. Sidoti Csr also issued estimates for Archrock’s Q1 2025 earnings at $0.30 EPS, Q2 2025 earnings at $0.32 EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.34 EPS, FY2025 earnings at $1.29 EPS and FY2026 earnings at $1.53 EPS.

Archrock (NYSE:AROC) last announced its earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. Archrock had a net margin of 13.34% and a return on equity of 18.12%. The company had revenue of $292.16 million during the quarter, compared to the consensus estimate of $286.19 million. During the same period last year, the firm earned $0.20 earnings per share. Archrock’s revenue was up 15.3% compared to the same quarter last year.

Other equities analysts also recently issued research reports about the stock. Citigroup assumed coverage on shares of Archrock in a report on Friday, September 27th. They set a “buy” rating and a $24.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on shares of Archrock in a research note on Friday, September 6th. They set an “overweight” rating and a $24.00 price target on the stock. Mizuho initiated coverage on shares of Archrock in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $24.00 price objective for the company. Stifel Nicolaus upped their target price on Archrock from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Royal Bank of Canada lifted their price target on Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.67.

Archrock Trading Down 1.7 %

Shares of NYSE:AROC opened at $23.26 on Thursday. The business’s 50-day moving average is $20.76 and its 200 day moving average is $20.29. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.53 and a quick ratio of 0.94. Archrock has a 1 year low of $13.89 and a 1 year high of $24.71. The firm has a market capitalization of $3.93 billion, a P/E ratio of 25.36 and a beta of 1.52.

Archrock Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Wednesday, November 6th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This is an increase from Archrock’s previous quarterly dividend of $0.17. This represents a $0.70 dividend on an annualized basis and a yield of 3.01%. Archrock’s payout ratio is currently 76.92%.

Institutional Investors Weigh In On Archrock

Several hedge funds have recently bought and sold shares of AROC. Erste Asset Management GmbH acquired a new stake in shares of Archrock during the 3rd quarter valued at about $632,000. Verition Fund Management LLC acquired a new stake in Archrock in the third quarter valued at approximately $314,000. Captrust Financial Advisors acquired a new position in shares of Archrock during the 3rd quarter worth approximately $293,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Archrock by 56.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 572,227 shares of the energy company’s stock valued at $11,582,000 after buying an additional 205,419 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its holdings in Archrock by 18.5% in the 3rd quarter. Public Sector Pension Investment Board now owns 358,436 shares of the energy company’s stock worth $7,255,000 after acquiring an additional 55,862 shares in the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Archrock Company Profile

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.