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 Down 3.1 %

Shares of NYSE:AROC traded down $0.25 during trading on Monday, reaching $7.71. 589,765 shares of the company traded hands, compared to its average volume of 999,647. The company has a current ratio of 1.43, a quick ratio of 0.92 and a debt-to-equity ratio of 1.75. Archrock has a 52-week low of $6.99 and a 52-week high of $10.44. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 34.55 and a beta of 1.73. The business's fifty day moving average is $8.32 and its 200-day moving average is $8.76.

Archrock (NYSE:AROC - Get Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The energy company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 earnings per share. As a group, analysts forecast that Archrock will post 0.4 EPS for the current year.

Archrock Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 16th. Shareholders of record on Tuesday, August 9th will be issued a $0.145 dividend. This represents a $0.58 annualized dividend and a yield of 7.52%. The ex-dividend date of this dividend is Monday, August 8th. Archrock's dividend payout ratio (DPR) is currently 263.65%.

Insider Transactions at Archrock

In related news, major shareholder Ocean Reserves Lp Old sold 3,318 shares of the company's stock in a transaction that occurred on Thursday, June 9th. The stock was sold at an average price of $10.10, for a total transaction of $33,511.80. Following the completion of the transaction, the insider now owns 16,730,363 shares in the company, valued at $168,976,666.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 163,420 shares of company stock worth $1,658,764. 2.50% of the stock is currently owned by insiders.