Zacks Investment Research upgraded shares of Archrock Partners (NASDAQ:APLP) from a strong sell rating to a hold rating in a research report report published on Tuesday morning.
According to Zacks, “Archrock Partners LP is a master limited partnership. The company provides natural gas contract compression services primarily in the United States. Archrock Partners LP, formerly known as Exterran Partners, L.P., is based in Houston, Texas. “
A number of other research analysts also recently issued reports on the company. JPMorgan Chase & Co. downgraded Archrock Partners from an overweight rating to a neutral rating and set a $16.00 price target on the stock. in a report on Thursday, January 4th. BidaskClub raised Archrock Partners from a sell rating to a hold rating in a report on Wednesday, January 3rd. Royal Bank of Canada downgraded Archrock Partners from an outperform rating to a sector perform rating and set a $15.00 price target on the stock. in a report on Wednesday, January 3rd. ValuEngine downgraded Archrock Partners from a hold rating to a sell rating in a report on Sunday, December 31st. Finally, Citigroup began coverage on Archrock Partners in a report on Friday, October 13th. They set a neutral rating and a $15.50 price target on the stock. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $16.10.
Shares of Archrock Partners (NASDAQ:APLP) opened at $14.68 on Tuesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 2.49. Archrock Partners has a 1-year low of $10.58 and a 1-year high of $18.40. The company has a market capitalization of $1,019.29, a price-to-earnings ratio of 43.94, a price-to-earnings-growth ratio of 1.04 and a beta of 2.20.
Archrock Partners (NASDAQ:APLP) last released its earnings results on Thursday, November 2nd. The energy company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.13). The company had revenue of $140.19 million during the quarter, compared to the consensus estimate of $141.37 million. Archrock Partners had a positive return on equity of 4.32% and a negative net margin of 3.10%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the firm posted $0.15 earnings per share. sell-side analysts anticipate that Archrock Partners will post 0.27 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in APLP. HITE Hedge Asset Management LLC lifted its holdings in shares of Archrock Partners by 63.5% during the third quarter. HITE Hedge Asset Management LLC now owns 1,842,984 shares of the energy company’s stock valued at $26,281,000 after purchasing an additional 715,440 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Archrock Partners by 13.1% during the second quarter. Goldman Sachs Group Inc. now owns 4,027,516 shares of the energy company’s stock valued at $60,050,000 after acquiring an additional 466,685 shares during the last quarter. Atlantic Trust Group LLC increased its position in Archrock Partners by 59.2% during the third quarter. Atlantic Trust Group LLC now owns 1,185,888 shares of the energy company’s stock valued at $16,911,000 after acquiring an additional 441,090 shares during the last quarter. Cohen & Steers Inc. increased its position in Archrock Partners by 139.3% during the third quarter. Cohen & Steers Inc. now owns 438,489 shares of the energy company’s stock valued at $6,253,000 after acquiring an additional 255,253 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Archrock Partners during the third quarter valued at $3,418,000. 46.75% of the stock is currently owned by hedge funds and other institutional investors.
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.
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