Wall Street brokerages forecast that Archrock Partners, L.P. (NASDAQ:APLP) will report $140.85 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Archrock Partners, L.P.’s earnings, with the lowest sales estimate coming in at $140.56 million and the highest estimate coming in at $141.15 million. Archrock Partners, L.P. posted sales of $135.48 million in the same quarter last year, which suggests a positive year over year growth rate of 4%. The company is expected to issue its next quarterly earnings results on Monday, October 30th.

According to Zacks, analysts expect that Archrock Partners, L.P. will report full-year sales of $140.85 million for the current fiscal year, with estimates ranging from $560.16 million to $561.51 million. For the next fiscal year, analysts forecast that the firm will report sales of $626.91 million per share, with estimates ranging from $620.75 million to $633.06 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Archrock Partners, L.P..

Archrock Partners, L.P. (NASDAQ:APLP) last issued its earnings results on Tuesday, August 1st. The energy company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.04. The company had revenue of $138.30 million for the quarter, compared to analysts’ expectations of $137.10 million. Archrock Partners, L.P. had a negative net margin of 2.49% and a positive return on equity of 6.02%. Archrock Partners, L.P.’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 EPS.

Several research analysts recently weighed in on APLP shares. Goldman Sachs Group, Inc. (The) cut shares of Archrock Partners, L.P. from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a report on Monday, May 29th. Capital One Financial Corporation cut shares of Archrock Partners, L.P. from an “overweight” rating to an “equal weight” rating in a report on Friday, June 23rd. Zacks Investment Research cut shares of Archrock Partners, L.P. from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. Royal Bank Of Canada restated a “hold” rating and set a $20.00 price target on shares of Archrock Partners, L.P. in a report on Friday, April 21st. Finally, BidaskClub cut shares of Archrock Partners, L.P. from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Five equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $18.33.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APLP. OppenheimerFunds Inc. boosted its position in Archrock Partners, L.P. by 7.1% in the first quarter. OppenheimerFunds Inc. now owns 7,907,881 shares of the energy company’s stock worth $135,699,000 after buying an additional 524,530 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Archrock Partners, L.P. by 5.2% in the first quarter. Goldman Sachs Group Inc. now owns 3,560,831 shares of the energy company’s stock worth $61,104,000 after buying an additional 175,315 shares during the last quarter. Morgan Stanley boosted its position in Archrock Partners, L.P. by 6.4% in the first quarter. Morgan Stanley now owns 1,944,287 shares of the energy company’s stock worth $33,364,000 after buying an additional 117,163 shares during the last quarter. HITE Hedge Asset Management LLC boosted its position in Archrock Partners, L.P. by 11.2% in the first quarter. HITE Hedge Asset Management LLC now owns 1,143,834 shares of the energy company’s stock worth $19,628,000 after buying an additional 115,399 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Archrock Partners, L.P. by 311.8% in the fourth quarter. Renaissance Technologies LLC now owns 82,356 shares of the energy company’s stock worth $1,321,000 after buying an additional 62,356 shares during the last quarter. Hedge funds and other institutional investors own 46.48% of the company’s stock.

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Shares of Archrock Partners, L.P. (NASDAQ APLP) opened at 13.195 on Wednesday. The company’s market capitalization is $865.26 million. Archrock Partners, L.P. has a one year low of $12.56 and a one year high of $18.55. The stock has a 50 day moving average of $14.53 and a 200-day moving average of $16.17.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Tuesday, August 8th will be paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 8.64%. The ex-dividend date is Friday, August 4th. Archrock Partners, L.P.’s payout ratio is -518.16%.

About Archrock Partners, L.P.

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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