Archrock Inc (NYSE:AROC) – Analysts at Piper Jaffray Companies cut their FY2019 earnings per share estimates for shares of Archrock in a research note issued on Wednesday, May 1st, Zacks Investment Research reports. Piper Jaffray Companies analyst J. Watson now anticipates that the energy company will post earnings of $0.61 per share for the year, down from their prior estimate of $0.75.
Archrock (NYSE:AROC) last announced its quarterly earnings results on Monday, April 29th. The energy company reported $0.15 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.15. The business had revenue of $236.16 million during the quarter, compared to the consensus estimate of $239.45 million. Archrock had a net margin of 4.77% and a return on equity of 6.16%. The business’s revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.02 EPS.
Shares of AROC traded down $0.16 during trading hours on Monday, reaching $9.07. The company had a trading volume of 908,900 shares, compared to its average volume of 871,777. The company has a quick ratio of 0.95, a current ratio of 1.39 and a debt-to-equity ratio of 1.88. The company has a market capitalization of $1.20 billion, a PE ratio of 18.90 and a beta of 2.86. Archrock has a 12-month low of $7.26 and a 12-month high of $13.75.
The company also recently declared a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 8th were paid a dividend of $0.132 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.53 annualized dividend and a dividend yield of 5.82%. Archrock’s dividend payout ratio is currently 110.42%.
Several institutional investors have recently added to or reduced their stakes in AROC. Advisor Group Inc. boosted its stake in shares of Archrock by 70.1% during the 4th quarter. Advisor Group Inc. now owns 3,782 shares of the energy company’s stock worth $28,000 after purchasing an additional 1,558 shares during the last quarter. Parallel Advisors LLC acquired a new stake in shares of Archrock during the 1st quarter worth about $31,000. Fifth Third Bancorp boosted its stake in shares of Archrock by 42.0% during the 1st quarter. Fifth Third Bancorp now owns 3,805 shares of the energy company’s stock worth $37,000 after purchasing an additional 1,125 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in shares of Archrock during the 4th quarter worth about $49,000. Finally, Signition LP acquired a new stake in shares of Archrock during the 4th quarter worth about $76,000. 87.30% of the stock is currently owned by institutional investors.
Archrock Company Profile
Archrock, Inc engages in the provision of operations, maintenance, service, and equipment for oil and natural gas production, processing, and transportation applications. It operates through the Contract Operations and Aftermarket Services segments. The Contract Operations segment is comprised of equity investment in the partnership, in addition to the owned fleet of natural gas compression equipment that the company use to provide operations services.
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