BidaskClub upgraded shares of Archrock Partners (NASDAQ:APLP) from a sell rating to a hold rating in a report issued on Wednesday, January 3rd.

APLP has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Archrock Partners from a hold rating to a buy rating and set a $16.00 price objective for the company in a research note on Tuesday, October 3rd. Royal Bank of Canada restated a buy rating and issued a $19.00 price objective on shares of Archrock Partners in a research note on Wednesday, September 27th. Citigroup began coverage on shares of Archrock Partners in a research report on Friday, October 13th. They set a neutral rating and a $15.50 target price on the stock. Finally, ValuEngine lowered shares of Archrock Partners from a hold rating to a sell rating in a research report on Sunday, December 31st. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock has an average rating of Hold and an average price target of $16.10.

Shares of Archrock Partners (APLP) opened at $14.18 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 2.49. The company has a market cap of $1,041.08, a P/E ratio of 44.88, a P/E/G ratio of 1.07 and a beta of 2.20. Archrock Partners has a fifty-two week low of $10.58 and a fifty-two week high of $18.34.

Archrock Partners (NASDAQ:APLP) last posted its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.13). The company had revenue of $140.19 million for the quarter, compared to analyst estimates of $141.37 million. Archrock Partners had a positive return on equity of 4.32% and a negative net margin of 3.10%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 earnings per share. analysts anticipate that Archrock Partners will post 0.27 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Thursday, February 8th will be issued a $0.285 dividend. This represents a $1.14 annualized dividend and a dividend yield of 8.04%. The ex-dividend date is Wednesday, February 7th. Archrock Partners’s payout ratio is -422.21%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Harvest Fund Advisors LLC grew its holdings in shares of Archrock Partners by 2.9% in the 3rd quarter. Harvest Fund Advisors LLC now owns 5,792,119 shares of the energy company’s stock worth $82,596,000 after purchasing an additional 165,958 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Archrock Partners by 13.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 4,027,516 shares of the energy company’s stock worth $60,050,000 after purchasing an additional 466,685 shares during the last quarter. HITE Hedge Asset Management LLC grew its holdings in shares of Archrock Partners by 63.5% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 1,842,984 shares of the energy company’s stock worth $26,281,000 after purchasing an additional 715,440 shares during the last quarter. Atlantic Trust Group LLC grew its holdings in shares of Archrock Partners by 59.2% in the 3rd quarter. Atlantic Trust Group LLC now owns 1,185,888 shares of the energy company’s stock worth $16,911,000 after purchasing an additional 441,090 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Archrock Partners by 2.1% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 491,104 shares of the energy company’s stock worth $7,003,000 after purchasing an additional 10,049 shares during the last quarter. 46.76% of the stock is currently owned by institutional investors and hedge funds.

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About Archrock Partners

Archrock Partners, L.P. is engaged in natural gas compression industry in the United States. The Company’s contract operations services include designing, sourcing, owning, installing, operating, servicing, repairing and maintaining equipment to provide natural gas compression services to its customers.

Analyst Recommendations for Archrock Partners (NASDAQ:APLP)

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