Archrock, Inc. (NYSE:AROC) posted its quarterly earnings data on Thursday. The energy company reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.01), Bloomberg Earnings reports. The company had revenue of $197.85 million for the quarter, compared to analysts’ expectations of $202.34 million. Archrock had a negative return on equity of 2.96% and a negative net margin of 8.62%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 EPS.

Archrock (NYSE:AROC) traded down $1.10 during trading on Friday, reaching $10.80. 244,971 shares of the company’s stock were exchanged, compared to its average volume of 365,957.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, November 8th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.48 dividend on an annualized basis and a yield of 4.32%. Archrock’s dividend payout ratio (DPR) is presently -48.98%.

A number of equities analysts recently weighed in on AROC shares. Zacks Investment Research raised shares of Archrock from a “sell” rating to a “hold” rating in a research report on Monday, September 25th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $13.00 price objective on shares of Archrock in a research report on Wednesday, September 27th. BidaskClub raised shares of Archrock from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. FBR & Co reiterated a “market perform” rating and set a $12.00 target price (up from $11.00) on shares of Archrock in a report on Thursday, August 3rd. Finally, Scotiabank set a $15.00 target price on shares of Archrock and gave the stock a “hold” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Archrock presently has an average rating of “Hold” and an average price target of $13.46.

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Archrock Company Profile

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.

Earnings History for Archrock (NYSE:AROC)

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