Analysts Expect Archrock Partners, L.P. (APLP) Will Post Quarterly Sales of $140.85 Million
Equities analysts expect Archrock Partners, L.P. (NASDAQ:APLP) to post $140.85 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Archrock Partners, L.P.’s earnings, with the highest sales estimate coming in at $141.15 million and the lowest estimate coming in at $140.56 million. Archrock Partners, L.P. posted sales of $135.48 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 4%. The firm is scheduled to issue its next earnings report 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 anticipate that the company will post 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 a mean average based on a survey of research firms that that provide coverage for Archrock Partners, L.P..
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 for the quarter, topping the 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 revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 earnings per share.
Several analysts have weighed in on APLP shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $19.00 price objective on shares of Archrock Partners, L.P. in a research report on Wednesday, September 27th. Capital One Financial Corporation lowered 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 raised Archrock Partners, L.P. from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Tuesday. Finally, BidaskClub upgraded Archrock Partners, L.P. from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $17.67.
Several institutional investors have recently modified their holdings of APLP. Americafirst Capital Management LLC bought a new position in Archrock Partners, L.P. during the 2nd quarter valued at approximately $146,000. Clinton Group Inc. raised its stake in Archrock Partners, L.P. by 5.5% during the first quarter. Clinton Group Inc. now owns 12,925 shares of the energy company’s stock valued at $222,000 after buying an additional 674 shares during the last quarter. Global X Management Co. LLC raised its stake in Archrock Partners, L.P. by 3.7% during the first quarter. Global X Management Co. LLC now owns 13,454 shares of the energy company’s stock valued at $231,000 after buying an additional 484 shares during the last quarter. Royal Bank of Canada boosted its holdings in Archrock Partners, L.P. by 2.7% in the second quarter. Royal Bank of Canada now owns 18,242 shares of the energy company’s stock worth $272,000 after acquiring an additional 486 shares in the last quarter. Finally, Texas Yale Capital Corp. boosted its holdings in Archrock Partners, L.P. by 52.9% in the second quarter. Texas Yale Capital Corp. now owns 18,565 shares of the energy company’s stock worth $277,000 after acquiring an additional 6,425 shares in the last quarter. Institutional investors own 41.17% of the company’s stock.
Shares of Archrock Partners, L.P. (APLP) traded down 0.94% on Wednesday, reaching $14.17. The company had a trading volume of 26,712 shares. The company’s market capitalization is $929.27 million. The company’s 50-day moving average is $13.69 and its 200-day moving average is $14.99. Archrock Partners, L.P. has a one year low of $12.56 and a one year high of $18.55.
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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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