Archrock Partners, L.P. (NASDAQ:APLP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

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. “

Several other equities analysts also recently weighed in on APLP. Royal Bank Of Canada reiterated a “buy” rating and issued a $19.00 price target on shares of Archrock Partners, L.P. in a report on Wednesday, September 27th. BidaskClub upgraded Archrock Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Capital One Financial Corporation lowered Archrock Partners, L.P. from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 23rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Archrock Partners, L.P. currently has an average rating of “Hold” and a consensus price target of $17.67.

Archrock Partners, L.P. (NASDAQ:APLP) traded down 0.85% during mid-day trading on Tuesday, reaching $14.00. 51,722 shares of the company’s stock were exchanged. The company’s 50-day moving average is $13.85 and its 200 day moving average is $14.90. Archrock Partners, L.P. has a one year low of $12.56 and a one year high of $18.55. The firm’s market capitalization is $918.12 million.

Archrock Partners, L.P. (NASDAQ:APLP) last posted its quarterly earnings data on Tuesday, August 1st. The energy company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.04. Archrock Partners, L.P. had a negative net margin of 2.49% and a positive return on equity of 6.02%. The firm had revenue of $138.30 million for the quarter, compared to the consensus estimate of $137.10 million. During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. Equities analysts predict that Archrock Partners, L.P. will post $0.47 earnings per share for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in the business. Atlantic Trust Group LLC lifted its position in shares of Archrock Partners, L.P. by 20.3% during 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 in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Archrock Partners, L.P. by 5.2% during 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 in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Archrock Partners, L.P. by 5.9% during 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 in the last quarter. Citigroup Inc. lifted its position in shares of Archrock Partners, L.P. by 27.0% during the 2nd quarter. Citigroup Inc. now owns 234,246 shares of the energy company’s stock valued at $3,493,000 after buying an additional 49,863 shares in the last quarter. Finally, Marshall Wace North America L.P. purchased a new position in shares of Archrock Partners, L.P. during the 2nd quarter valued at approximately $719,000. Institutional investors and hedge funds own 41.17% of the company’s stock.

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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