Sidoti Csr Has Pessimistic Outlook of Archrock Q4 Earnings

Archrock, Inc. (NYSE:AROC) – Investment analysts at Sidoti Csr cut their Q4 2024 EPS estimates for Archrock in a research report issued on Wednesday, November 13th. Sidoti Csr analyst S. Ferazani now forecasts that the energy company will post earnings of $0.27 per share for the quarter, down from their prior estimate of $0.29. The consensus estimate for Archrock’s current full-year earnings is $1.13 per share. Sidoti Csr also issued estimates for Archrock’s Q1 2025 earnings at $0.30 EPS, Q2 2025 earnings at $0.32 EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.34 EPS, FY2025 earnings at $1.29 EPS and FY2026 earnings at $1.53 EPS.

Other equities analysts have also issued reports about the stock. Mizuho began coverage on shares of Archrock in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $24.00 price objective on the stock. Evercore ISI initiated coverage on shares of Archrock in a report on Wednesday, September 25th. They set an “outperform” rating and a $24.00 price target for the company. Royal Bank of Canada lifted their price objective on Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday. Stifel Nicolaus boosted their target price on Archrock from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. began coverage on Archrock in a report on Friday, September 6th. They issued an “overweight” rating and a $24.00 price target for the company. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.67.

Archrock Trading Down 0.2 %

NYSE:AROC opened at $23.22 on Thursday. Archrock has a 12-month low of $13.89 and a 12-month high of $24.71. The company has a current ratio of 1.26, a quick ratio of 0.94 and a debt-to-equity ratio of 1.73. The stock’s 50 day simple moving average is $20.92 and its 200-day simple moving average is $20.33. The firm has a market cap of $4.07 billion, a P/E ratio of 25.51 and a beta of 1.52.

Archrock (NYSE:AROC) last issued its quarterly earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Archrock had a return on equity of 16.24% and a net margin of 13.34%. The firm had revenue of $292.16 million for the quarter, compared to analysts’ expectations of $286.19 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The firm’s revenue for the quarter was up 15.3% on a year-over-year basis.

Archrock Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Stockholders of record on Wednesday, November 6th were issued a dividend of $0.175 per share. This is a boost from Archrock’s previous quarterly dividend of $0.17. The ex-dividend date was Wednesday, November 6th. This represents a $0.70 annualized dividend and a dividend yield of 3.02%. Archrock’s dividend payout ratio (DPR) is 76.92%.

Institutional Investors Weigh In On Archrock

A number of hedge funds and other institutional investors have recently made changes to their positions in AROC. Barclays PLC grew its holdings in Archrock by 124.2% in the 3rd quarter. Barclays PLC now owns 302,610 shares of the energy company’s stock valued at $6,125,000 after buying an additional 167,648 shares during the period. Continuum Advisory LLC boosted its position in shares of Archrock by 5,621.6% in the third quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock worth $43,000 after acquiring an additional 2,080 shares during the last quarter. XTX Topco Ltd purchased a new stake in Archrock in the third quarter valued at approximately $229,000. Insigneo Advisory Services LLC acquired a new position in Archrock during the third quarter worth approximately $355,000. Finally, State Street Corp raised its stake in Archrock by 11.5% during the third quarter. State Street Corp now owns 6,836,745 shares of the energy company’s stock worth $138,376,000 after purchasing an additional 707,379 shares during the period. Hedge funds and other institutional investors own 95.45% of the company’s stock.

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.