Archrock Inc (NYSE:AROC) announced a quarterly dividend on Monday, October 23rd, Wall Street Journal reports. Stockholders of record on Wednesday, November 8th will be given a dividend of 0.12 per share by the energy company on Wednesday, November 15th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Tuesday, November 7th.

Archrock has a dividend payout ratio of 960.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Archrock to earn $0.13 per share next year, which means the company may not be able to cover its $0.48 annual dividend with an expected future payout ratio of 369.2%.

Archrock (NYSE AROC) traded down 2.10% during midday trading on Monday, hitting $11.65. 219,718 shares of the stock were exchanged. The company has a 50 day moving average price of $11.94 and a 200 day moving average price of $11.29. The firm’s market capitalization is $826.44 million. Archrock has a one year low of $8.30 and a one year high of $16.40.

Archrock (NYSE:AROC) last released its quarterly earnings data on Tuesday, August 1st. The energy company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.08. Archrock had a negative net margin of 2.04% and a negative return on equity of 3.79%. The business had revenue of $198.00 million for the quarter, compared to analyst estimates of $196.00 million. The business’s revenue was up 4.2% compared to the same quarter last year. Equities analysts anticipate that Archrock will post ($0.20) EPS for the current year.

Several research firms recently weighed in on AROC. BidaskClub raised shares of Archrock from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada raised shares of Archrock from a “sector perform” rating to an “outperform” rating and set a $13.00 price objective on the stock in a research note on Monday, August 21st. J P Morgan Chase & Co reissued a “neutral” rating and set a $12.00 price objective (down previously from $13.00) on shares of Archrock in a research note on Tuesday, August 8th. Scotiabank set a $15.00 price objective on shares of Archrock and gave the stock a “hold” rating in a research note on Tuesday, August 1st. Finally, FBR & Co reissued a “market perform” rating and set a $12.00 price objective (up previously from $11.00) on shares of Archrock in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $13.46.

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About Archrock

Archrock, Inc is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States.

Dividend History for Archrock (NYSE:AROC)

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