Archrock - AROC Stock Forecast, Price & News

Archrock, Inc., together with its subsidiaries, operates as an energy infrastructure company in the United States. It operates in two segments, Contract Operations and Aftermarket Services. The company engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining its owned fleet of natural gas compression equipment to provide natural gas compression services to customers in the oil and natural gas industry. It also offers various aftermarket services, such as sale of parts and components; and provision of operation, maintenance, overhaul, and reconfiguration services to customers who own compression equipment. The company was formerly known as Exterran Holdings, Inc. and changed its name to Archrock, Inc. in November 2015. Archrock, Inc. was founded in 1990 and is headquartered in Houston, Texas.

Archrock Trading Up 0.4 %

Shares of AROC traded up $0.03 during mid-day trading on Wednesday, reaching $7.66. 25,147 shares of the company were exchanged, compared to its average volume of 819,900. The business has a 50 day simple moving average of $8.22 and a two-hundred day simple moving average of $8.74. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.92 and a current ratio of 1.43. The stock has a market capitalization of $1.19 billion, a PE ratio of 34.50 and a beta of 1.72. Archrock has a 52 week low of $6.99 and a 52 week high of $10.44.

Archrock (NYSE:AROC - Get Rating) last released its quarterly earnings results on Tuesday, August 2nd. The energy company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). Archrock had a return on equity of 5.19% and a net margin of 4.20%. During the same quarter in the prior year, the business posted $0.06 EPS. On average, analysts predict that Archrock will post 0.4 earnings per share for the current fiscal year.

Archrock Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 16th. Shareholders of record on Tuesday, August 9th were given a dividend of $0.145 per share. The ex-dividend date of this dividend was Monday, August 8th. This represents a $0.58 dividend on an annualized basis and a yield of 7.57%. Archrock's dividend payout ratio (DPR) is currently 263.65%.

Insiders Place Their Bets

In other news, major shareholder Ocean Reserves Lp Old sold 65,519 shares of the business's stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $10.11, for a total value of $662,397.09. Following the transaction, the insider now directly owns 16,933,681 shares of the company's stock, valued at approximately $171,199,514.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders sold 163,420 shares of company stock worth $1,658,764. Company insiders own 2.50% of the company's stock.