Brokerages predict that Archrock Partners LP (NASDAQ:APLP) will announce $0.08 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Archrock Partners’ earnings. The lowest EPS estimate is $0.05 and the highest is $0.11. Archrock Partners reported earnings per share of $0.21 in the same quarter last year, which would indicate a negative year over year growth rate of 61.9%. The company is scheduled to announce its next earnings report on Thursday, August 3rd.

On average, analysts expect that Archrock Partners will report full year earnings of $0.55 per share for the current year, with EPS estimates ranging from $0.45 to $0.65. For the next fiscal year, analysts forecast that the business will post earnings of $1.06 per share, with EPS estimates ranging from $0.58 to $1.45. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Archrock Partners.

Archrock Partners (NASDAQ:APLP) last issued its quarterly earnings results on Thursday, May 4th. The energy company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.13 by $0.10. The company had revenue of $137.29 million during the quarter, compared to analyst estimates of $139.76 million. Archrock Partners had a negative net margin of 22.89% and a positive return on equity of 9.80%. The company’s quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 EPS.

APLP has been the topic of several research analyst reports. Royal Bank of Canada reissued a “hold” rating and set a $20.00 price target on shares of Archrock Partners in a report on Friday, April 21st. Zacks Investment Research raised shares of Archrock Partners from a “sell” rating to a “hold” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $16.60.

Shares of Archrock Partners (NASDAQ:APLP) remained flat at $16.04 on Friday. The company had a trading volume of 56,719 shares. The company’s market capitalization is $1.05 billion. Archrock Partners has a 52-week low of $11.64 and a 52-week high of $18.55. The firm has a 50-day moving average of $16.24 and a 200 day moving average of $16.68.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Shareholders of record on Tuesday, May 9th were given a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a dividend yield of 7.11%. The ex-dividend date was Friday, May 5th. Archrock Partners’s dividend payout ratio is presently -49.78%.

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In other Archrock Partners news, Chairman D Bradley Childers sold 7,462 shares of the firm’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $17.76, for a total transaction of $132,525.12. Following the transaction, the chairman now directly owns 102,097 shares of the company’s stock, valued at approximately $1,813,242.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Edward Rice sold 1,979 shares of the firm’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $17.76, for a total transaction of $35,147.04. Following the completion of the sale, the insider now owns 22,245 shares of the company’s stock, valued at approximately $395,071.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,003 shares of company stock worth $194,776.

Several hedge funds have recently made changes to their positions in APLP. Chicago Partners Investment Group LLC boosted its position in shares of Archrock Partners by 1.6% in the first quarter. Chicago Partners Investment Group LLC now owns 22,853 shares of the energy company’s stock worth $392,000 after buying an additional 350 shares during the last quarter. Global X Management Co. LLC increased its stake in Archrock Partners by 3.7% in the first quarter. Global X Management Co. LLC now owns 13,454 shares of the energy company’s stock worth $231,000 after buying an additional 484 shares during the last quarter. Clinton Group Inc. increased its stake in Archrock Partners by 5.5% in the first quarter. Clinton Group Inc. now owns 12,925 shares of the energy company’s stock worth $222,000 after buying an additional 674 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Archrock Partners by 0.8% in the first quarter. JPMorgan Chase & Co. now owns 108,233 shares of the energy company’s stock worth $1,857,000 after buying an additional 840 shares during the last quarter. Finally, Guggenheim Capital LLC increased its stake in Archrock Partners by 3.8% in the fourth quarter. Guggenheim Capital LLC now owns 156,396 shares of the energy company’s stock worth $2,508,000 after buying an additional 5,766 shares during the last quarter. Hedge funds and other institutional investors own 45.82% of the company’s stock.

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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