BidaskClub upgraded shares of Archrock Partners (NASDAQ:APLP) from a sell rating to a hold rating in a research note published on Wednesday, January 3rd.
APLP has been the topic of several other research reports. Royal Bank of Canada reissued a buy rating and set a $19.00 target price on shares of Archrock Partners in a research note on Wednesday, September 27th. ValuEngine lowered Archrock Partners from a hold rating to a sell rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded Archrock Partners from a hold rating to a buy rating and set a $16.00 price target on the stock in a report on Tuesday, October 3rd. Finally, Citigroup began coverage on Archrock Partners in a report on Friday, October 13th. They issued a neutral rating and a $15.50 price objective on the stock. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $16.10.
Shares of Archrock Partners (NASDAQ:APLP) traded up $0.18 on Wednesday, hitting $14.68. The company had a trading volume of 261,794 shares, compared to its average volume of 282,466. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.33 and a quick ratio of 1.33. Archrock Partners has a 52-week low of $10.58 and a 52-week high of $18.40. The stock has a market capitalization of $1,030.00, a PE ratio of -56.46, a price-to-earnings-growth ratio of 1.04 and a beta of 2.19.
Archrock Partners (NASDAQ:APLP) last released its quarterly earnings data on Thursday, November 2nd. The energy company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.13). Archrock Partners had a positive return on equity of 4.32% and a negative net margin of 3.10%. The company had revenue of $140.19 million for the quarter, compared to analyst estimates of $141.37 million. During the same period last year, the firm posted $0.15 EPS. The business’s quarterly revenue was up 3.5% on a year-over-year basis. sell-side analysts predict that Archrock Partners will post 0.27 EPS for the current year.
A number of institutional investors have recently bought and sold shares of APLP. Marshall Wace North America L.P. acquired a new stake in shares of Archrock Partners in the 2nd quarter valued at approximately $719,000. JPMorgan Chase & Co. lifted its holdings in shares of Archrock Partners by 24.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 134,923 shares of the energy company’s stock valued at $2,012,000 after buying an additional 26,690 shares during the period. Atlantic Trust Group LLC lifted its holdings in shares of Archrock Partners by 20.3% in the 2nd quarter. Atlantic Trust Group LLC now owns 744,798 shares of the energy company’s stock valued at $11,105,000 after buying an additional 125,919 shares during the period. Citigroup Inc. lifted its holdings in shares of Archrock Partners by 27.0% in the 2nd quarter. Citigroup Inc. now owns 234,246 shares of the energy company’s stock valued at $3,493,000 after buying an additional 49,863 shares during the period. Finally, Goldman Sachs Group Inc. lifted 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 valued at $60,050,000 after buying an additional 466,685 shares during the period. 46.75% of the stock is owned by institutional investors.
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Archrock Partners Company Profile
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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