Analysts expect that Archrock Partners, L.P. (NASDAQ:APLP) will report $140.85 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Archrock Partners, L.P.’s earnings. The lowest sales estimate is $140.56 million and the highest is $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 business is expected to announce its next earnings results on Monday, October 30th.

On average, analysts expect that Archrock Partners, L.P. will report full year sales of $140.85 million for the current year, with estimates ranging from $560.16 million to $561.51 million. For the next financial year, analysts forecast that the business will report sales of $626.91 million per share, with estimates ranging from $620.75 million to $633.06 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Archrock Partners, L.P..

Archrock Partners, L.P. (NASDAQ:APLP) last released its quarterly earnings results on Tuesday, August 1st. The energy company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.08 by $0.04. The firm had revenue of $138.30 million for the quarter, compared to analyst estimates of $137.10 million. Archrock Partners, L.P. had a positive return on equity of 6.02% and a negative net margin of 2.49%. Archrock Partners, L.P.’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 EPS.

A number of research analysts have recently commented on the company. Zacks Investment Research raised Archrock Partners, L.P. from a “sell” rating to a “hold” rating in a report on Wednesday, May 24th. Goldman Sachs Group, Inc. (The) lowered Archrock Partners, L.P. from a “buy” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a report on Monday, May 29th. BidaskClub raised Archrock Partners, L.P. from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Capital One Financial Corporation lowered Archrock Partners, L.P. from an “overweight” rating to an “equal weight” rating in a report on Friday, June 23rd. Finally, Royal Bank Of Canada raised Archrock Partners, L.P. from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $18.00 to $19.00 in a report on Wednesday, August 23rd. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Archrock Partners, L.P. currently has a consensus rating of “Hold” and a consensus target price of $18.00.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. OppenheimerFunds Inc. grew its holdings in Archrock Partners, L.P. by 7.1% in the 1st quarter. OppenheimerFunds Inc. now owns 7,907,881 shares of the energy company’s stock valued at $135,699,000 after buying an additional 524,530 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Archrock Partners, L.P. by 5.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,560,831 shares of the energy company’s stock valued at $61,104,000 after buying an additional 175,315 shares during the last quarter. Atlantic Trust Group LLC grew its holdings in Archrock Partners, L.P. by 20.3% in the 2nd quarter. Atlantic Trust Group LLC now owns 744,798 shares of the energy company’s stock valued at $11,105,000 after buying an additional 125,919 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Archrock Partners, L.P. by 5.9% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 481,055 shares of the energy company’s stock valued at $7,173,000 after buying an additional 26,637 shares during the last quarter. Finally, Texas Yale Capital Corp. grew its holdings in Archrock Partners, L.P. by 52.9% in the 2nd quarter. Texas Yale Capital Corp. now owns 18,565 shares of the energy company’s stock valued at $277,000 after buying an additional 6,425 shares during the last quarter. 41.17% of the stock is currently owned by hedge funds and other institutional investors.

Archrock Partners, L.P. (APLP) opened at 13.63 on Friday. The company’s 50-day moving average price is $13.71 and its 200 day moving average price is $15.34. The firm’s market capitalization is $893.86 million. Archrock Partners, L.P. has a 52-week low of $12.56 and a 52-week high of $18.55.

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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