Archrock Partners (NASDAQ:APLP) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a report released on Friday.
A number of other equities research analysts have also issued reports on APLP. BidaskClub raised Archrock Partners from a “sell” rating to a “hold” rating in a research report on Friday, March 30th. JPMorgan Chase raised Archrock Partners from a “neutral” rating to an “overweight” rating and set a $18.00 price target on the stock in a research report on Thursday, March 22nd. Zacks Investment Research upgraded Archrock Partners from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 9th. Royal Bank of Canada downgraded Archrock Partners from an “outperform” rating to a “sector perform” rating and set a $15.00 price objective on the stock. in a report on Wednesday, January 3rd. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Archrock Partners in a report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $16.50.
APLP stock opened at $12.58 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 2.64. The stock has a market capitalization of $906.45, a price-to-earnings ratio of 46.59, a P/E/G ratio of 1.38 and a beta of 2.00. Archrock Partners has a 1 year low of $10.58 and a 1 year high of $17.04.
Archrock Partners (NASDAQ:APLP) last posted its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. The company had revenue of $141.76 million for the quarter, compared to analyst estimates of $142.97 million. Archrock Partners had a positive return on equity of 3.74% and a negative net margin of 0.08%. Archrock Partners’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 EPS. equities analysts forecast that Archrock Partners will post 0.61 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in APLP. Atlantic Trust Group LLC increased 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 valued at $16,911,000 after acquiring an additional 441,090 shares during the last quarter. Cohen & Steers Inc. increased its holdings in shares of Archrock Partners by 139.3% in the 3rd 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. Boston Partners purchased a new position in shares of Archrock Partners in the 4th quarter valued at about $2,006,000. Goldman Sachs Group Inc. increased its holdings in shares of Archrock Partners by 2.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,548,977 shares of the energy company’s stock valued at $54,178,000 after acquiring an additional 117,210 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. purchased a new position in shares of Archrock Partners in the 4th quarter valued at about $541,000. Institutional investors and hedge funds own 45.33% of the company’s stock.
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About Archrock Partners
Archrock Partners, L.P., together with its subsidiaries, provides natural gas contract operations services to customers in the United States. The company's contract operations services primarily include designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining equipment to provide natural gas compression services to its customers.
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