Analysts expect Archrock Partners LP (NASDAQ:APLP) to post sales of $142.57 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Archrock Partners’ earnings. The lowest sales estimate is $142.07 million and the highest is $143.07 million. Archrock Partners reported sales of $135.41 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.3%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Thursday, February 22nd.
On average, analysts expect that Archrock Partners will report full year sales of $142.57 million for the current year, with estimates ranging from $557.81 million to $558.81 million. For the next financial year, analysts forecast that the firm will report sales of $619.39 million per share, with estimates ranging from $612.00 million to $626.78 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Archrock Partners.
Several research firms have issued reports on APLP. 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 research note on Wednesday, January 3rd. Zacks Investment Research downgraded Archrock Partners from a “hold” rating to a “sell” rating in a research note on Monday, January 15th. Citigroup began coverage on Archrock Partners in a research note on Friday, October 13th. They issued a “neutral” rating and a $15.50 price target on the stock. ValuEngine downgraded Archrock Partners from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Raymond James Financial reissued a “market perform” rating on shares of Archrock Partners in a research note on Thursday, January 18th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $16.10.
Shares of Archrock Partners (NASDAQ APLP) opened at $12.98 on Tuesday. Archrock Partners has a 12 month low of $10.58 and a 12 month high of $18.34. The stock has a market capitalization of $963.05, a PE ratio of -48.07, a price-to-earnings-growth ratio of 0.99 and a beta of 2.15. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 2.49.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Thursday, February 8th will be given a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.78%. The ex-dividend date is Wednesday, February 7th. Archrock Partners’s dividend payout ratio is currently -422.21%.
Several large investors have recently added to or reduced their stakes in the stock. Harvest Fund Advisors LLC increased its position in shares of Archrock Partners by 2.9% in the third quarter. Harvest Fund Advisors LLC now owns 5,792,119 shares of the energy company’s stock valued at $82,596,000 after acquiring an additional 165,958 shares during the last quarter. HITE Hedge Asset Management LLC increased its position in shares of Archrock Partners by 63.5% in 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 acquiring an additional 715,440 shares during the last quarter. Atlantic Trust Group LLC increased its position in shares of Archrock Partners by 59.2% in 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. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Archrock Partners by 2.1% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 491,104 shares of the energy company’s stock valued at $7,003,000 after acquiring an additional 10,049 shares during the last quarter. Finally, Cohen & Steers Inc. increased its position in shares of Archrock Partners by 139.3% in 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. 46.42% 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.
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