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 several other reports. Royal Bank of Canada restated a buy rating and issued a $19.00 target price on shares of Archrock Partners in a report on Wednesday, September 27th. Zacks Investment Research cut Archrock Partners from a hold rating to a sell rating in a report on Monday, October 23rd. Citigroup assumed coverage on Archrock Partners in a report on Friday, October 13th. They issued a neutral rating and a $15.50 target price for the company. Finally, ValuEngine cut Archrock Partners from a hold rating to a sell rating in a report on Sunday, December 31st. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The company currently has an average rating of Hold and an average target price of $16.10.
Shares of Archrock Partners (NASDAQ:APLP) traded up $0.11 on Wednesday, hitting $14.81. The company had a trading volume of 148,506 shares, compared to its average volume of 308,563. 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 $1,050.00, a PE ratio of -56.96, a price-to-earnings-growth ratio of 1.06 and a beta of 2.19.
Archrock Partners (NASDAQ:APLP) last issued its quarterly 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 firm had revenue of $140.19 million for the quarter, compared to analysts’ expectations of $141.37 million. Archrock Partners had a positive return on equity of 4.32% and a negative net margin of 3.10%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 earnings per share. sell-side analysts predict that Archrock Partners will post 0.27 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Thursday, February 8th will be issued a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.70%. The ex-dividend date of this dividend is Wednesday, February 7th. Archrock Partners’s dividend payout ratio is presently -438.46%.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada lifted its stake in Archrock Partners by 2.7% during the 2nd quarter. Royal Bank of Canada now owns 18,242 shares of the energy company’s stock worth $272,000 after acquiring an additional 486 shares in the last quarter. Atlantic Trust Group LLC lifted its stake in Archrock Partners by 59.2% during the 3rd quarter. Atlantic Trust Group LLC now owns 1,185,888 shares of the energy company’s stock worth $16,911,000 after acquiring an additional 441,090 shares in the last quarter. HITE Hedge Asset Management LLC lifted its stake in Archrock Partners by 63.5% during 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 acquiring an additional 715,440 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Archrock Partners by 2.1% during 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 acquiring an additional 10,049 shares in the last quarter. Finally, Chicago Partners Investment Group LLC acquired a new position in Archrock Partners during the 3rd quarter worth about $338,000. 46.76% of the stock is currently owned by hedge funds and other 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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