Wall Street analysts expect Archrock Partners (NASDAQ:APLP) to announce $0.13 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Archrock Partners’ earnings. Archrock Partners reported earnings per share of $0.03 during the same quarter last year, which would suggest a positive year-over-year growth rate of 333.3%. The company is expected to announce its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Archrock Partners will report full-year earnings of $0.61 per share for the current fiscal year. For the next financial year, analysts forecast that the business will post earnings of $1.01 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Archrock Partners.
Archrock Partners (NASDAQ:APLP) last posted its earnings results on Thursday, February 22nd. The energy company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.02. The company had revenue of $141.76 million during the quarter, compared to the consensus estimate of $142.97 million. Archrock Partners had a negative net margin of 0.08% and a positive return on equity of 3.74%. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share.
Several analysts have commented on the stock. JPMorgan Chase raised shares of Archrock Partners from a “neutral” rating to an “overweight” rating and set a $18.00 target price for the company in a research report on Thursday, March 22nd. Royal Bank of Canada downgraded shares of Archrock Partners from an “outperform” rating to a “sector perform” rating and set a $15.00 target price for the company. in a research report on Wednesday, January 3rd. Zacks Investment Research downgraded shares of Archrock Partners from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. BidaskClub raised shares of Archrock Partners from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, ValuEngine raised shares of Archrock Partners from a “sell” rating to a “hold” rating in a research report on Friday, April 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $16.50.
APLP stock traded down $0.03 during trading hours on Friday, hitting $14.47. The company’s stock had a trading volume of 122,660 shares, compared to its average volume of 255,526. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 2.64. The company has a market capitalization of $1,067.81, a price-to-earnings ratio of 53.59, a P/E/G ratio of 1.63 and a beta of 2.00. Archrock Partners has a 12 month low of $10.58 and a 12 month high of $16.69.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its holdings in shares of Archrock Partners by 2.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 4,548,977 shares of the energy company’s stock worth $54,178,000 after buying an additional 117,210 shares during the period. Atlantic Trust Group LLC boosted its holdings in shares of 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 buying an additional 441,090 shares during the period. Boston Partners bought a new stake in shares of Archrock Partners during the 4th quarter worth $2,006,000. JPMorgan Chase & Co. boosted its holdings in shares of Archrock Partners by 14.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 154,146 shares of the energy company’s stock worth $2,142,000 after buying an additional 19,223 shares during the period. Finally, Pin Oak Investment Advisors Inc. bought a new stake in shares of Archrock Partners during the 4th quarter worth $541,000. 44.39% of the stock is owned by institutional investors and hedge funds.
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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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