Archrock Partners, L.P. (NASDAQ:APLP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The firm currently has a $16.00 price objective on the energy company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 11.85% from the stock’s previous close.

According to Zacks, “Archrock Partners LP is a master limited partnership. The company provides natural gas contract compression services primarily in the United States. Archrock Partners LP, formerly known as Exterran Partners, L.P., is based in Houston, Texas. “

Other research analysts have also issued research reports about the stock. Capital One Financial Corporation lowered shares of Archrock Partners, L.P. from an “overweight” rating to an “equal weight” rating in a research note on Friday, June 23rd. Royal Bank Of Canada reiterated a “buy” rating and set a $19.00 price target on shares of Archrock Partners, L.P. in a research report on Wednesday, September 27th. Finally, BidaskClub downgraded shares of Archrock Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $17.67.

Archrock Partners, L.P. (APLP) traded down 0.035% during mid-day trading on Tuesday, hitting $14.305. 46,613 shares of the stock traded hands. Archrock Partners, L.P. has a 12 month low of $12.56 and a 12 month high of $18.55. The stock’s market cap is $938.12 million. The stock has a 50-day moving average price of $13.70 and a 200-day moving average price of $14.99.

Archrock Partners, L.P. (NASDAQ:APLP) last issued its quarterly earnings data on Tuesday, August 1st. The energy company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The firm had revenue of $138.30 million during the quarter, compared to the consensus estimate 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%. The company’s quarterly revenue was down 1.3% on a year-over-year basis. During the same period last year, the company earned $0.21 EPS. On average, equities analysts forecast that Archrock Partners, L.P. will post $0.47 earnings per share for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Americafirst Capital Management LLC acquired a new stake in shares of Archrock Partners, L.P. in the second quarter valued at $146,000. Clinton Group Inc. boosted its holdings in Archrock Partners, L.P. by 5.5% during the 1st quarter. Clinton Group Inc. now owns 12,925 shares of the energy company’s stock valued at $222,000 after acquiring an additional 674 shares during the period. Global X Management Co. LLC boosted its holdings in Archrock Partners, L.P. by 3.7% during the 1st quarter. Global X Management Co. LLC now owns 13,454 shares of the energy company’s stock valued at $231,000 after acquiring an additional 484 shares during the period. Royal Bank of Canada boosted its holdings in Archrock Partners, L.P. by 2.7% during the 2nd quarter. Royal Bank of Canada now owns 18,242 shares of the energy company’s stock valued at $272,000 after acquiring an additional 486 shares during the period. Finally, Texas Yale Capital Corp. boosted its holdings in Archrock Partners, L.P. by 52.9% during the 2nd quarter. Texas Yale Capital Corp. now owns 18,565 shares of the energy company’s stock valued at $277,000 after acquiring an additional 6,425 shares during the period. 41.17% of the stock is owned by institutional investors and hedge funds.

Archrock Partners, L.P. 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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