Archrock, Inc. (NYSE:AROC) Announces $0.17 Quarterly Dividend

Archrock, Inc. (NYSE:AROC) announced a quarterly dividend on Thursday, July 25th, Wall Street Journal reports. Investors of record on Tuesday, August 6th will be given a dividend of 0.165 per share by the energy company on Tuesday, August 13th. This represents a $0.66 annualized dividend and a dividend yield of 3.53%. The ex-dividend date is Tuesday, August 6th.

Archrock has raised its dividend by an average of 1.7% per year over the last three years. Archrock has a dividend payout ratio of 52.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Archrock to earn $1.23 per share next year, which means the company should continue to be able to cover its $0.66 annual dividend with an expected future payout ratio of 53.7%.

Archrock Stock Performance

AROC stock opened at $18.68 on Monday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.74 and a current ratio of 1.53. The stock has a market cap of $3.16 billion, a P/E ratio of 22.51, a P/E/G ratio of 1.56 and a beta of 1.53. The firm has a 50 day simple moving average of $20.33 and a 200 day simple moving average of $19.26. Archrock has a 52 week low of $11.73 and a 52 week high of $23.44.

Analyst Ratings Changes

A number of analysts have issued reports on AROC shares. StockNews.com cut shares of Archrock from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Stifel Nicolaus lifted their target price on shares of Archrock from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th.

About Archrock

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.