Analysts Anticipate Archrock Inc (AROC) Will Post Earnings of $0.06 Per Share

Equities analysts forecast that Archrock Inc (NYSE:AROC) will post earnings of $0.06 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Archrock’s earnings. The highest EPS estimate is $0.10 and the lowest is $0.01. Archrock reported earnings of ($0.09) per share during the same quarter last year, which would suggest a positive year over year growth rate of 166.7%. The firm is expected to issue its next earnings report before the market opens on Thursday, November 1st.

On average, analysts expect that Archrock will report full-year earnings of $0.30 per share for the current financial year, with EPS estimates ranging from $0.17 to $0.43. For the next fiscal year, analysts forecast that the business will report earnings of $0.52 per share, with EPS estimates ranging from $0.49 to $0.57. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Archrock.

Archrock (NYSE:AROC) last released its quarterly earnings data on Thursday, August 2nd. The energy company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The firm had revenue of $226.87 million for the quarter, compared to analyst estimates of $216.63 million. Archrock had a net margin of 4.19% and a return on equity of 0.45%.



Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Archrock from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research note on Thursday. Piper Jaffray Companies set a $14.00 price objective on shares of Archrock and gave the company a “buy” rating in a research note on Thursday, October 18th. ValuEngine upgraded shares of Archrock from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. B. Riley set a $16.00 price target on shares of Archrock and gave the stock a “buy” rating in a research note on Sunday, October 7th. Finally, TheStreet upgraded shares of Archrock from a “d+” rating to a “c-” rating in a research note on Wednesday, August 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $14.00.

In other Archrock news, CFO Doug S. Aron purchased 10,000 shares of the company’s stock in a transaction dated Friday, August 17th. The shares were bought at an average price of $11.92 per share, for a total transaction of $119,200.00. Following the purchase, the chief financial officer now directly owns 49,215 shares in the company, valued at approximately $586,642.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.54% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. acquired a new position in Archrock in the 2nd quarter valued at $164,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Archrock by 332.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,503 shares of the energy company’s stock valued at $102,000 after buying an additional 6,539 shares during the last quarter. Meadow Creek Investment Management LLC grew its stake in Archrock by 90.0% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 12,224 shares of the energy company’s stock valued at $147,000 after buying an additional 5,792 shares during the last quarter. Douglass Winthrop Advisors LLC acquired a new position in Archrock in the 2nd quarter valued at $151,000. Finally, First Quadrant L P CA grew its stake in Archrock by 44.0% in the 2nd quarter. First Quadrant L P CA now owns 12,815 shares of the energy company’s stock valued at $154,000 after buying an additional 3,917 shares during the last quarter. Institutional investors own 88.91% of the company’s stock.

Archrock stock traded down $0.11 during trading hours on Friday, hitting $10.02. The company had a trading volume of 801,019 shares, compared to its average volume of 838,001. The firm has a market cap of $1.31 billion, a PE ratio of -50.10 and a beta of 2.86. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.86 and a current ratio of 1.35. Archrock has a fifty-two week low of $8.25 and a fifty-two week high of $13.75.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Wednesday, November 7th will be paid a dividend of $0.132 per share. The ex-dividend date of this dividend is Tuesday, November 6th. This represents a $0.53 annualized dividend and a dividend yield of 5.27%. Archrock’s dividend payout ratio (DPR) is -265.00%.

Archrock Company Profile

Archrock, Inc engages in the natural gas contract operations services business in the United States. The company provides natural gas compression services to customers in the oil and natural gas industry. It also offers 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 and Estimates for Archrock (NYSE:AROC)

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