Archrock Partners, L.P. (NASDAQ:APLP) has earned a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $18.50.

A number of equities analysts have recently issued reports on the stock. Citigroup Inc. assumed coverage on shares of Archrock Partners, L.P. in a research note on Friday. They set a “neutral” rating on the stock. BidaskClub downgraded shares of Archrock Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Zacks Investment Research upgraded shares of Archrock Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Royal Bank Of Canada upgraded shares of Archrock Partners, L.P. from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $18.00 to $19.00 in a research note on Wednesday, August 23rd. They noted that the move was a valuation call. Finally, Capital One Financial Corporation downgraded shares of Archrock Partners, L.P. from an “overweight” rating to an “equal weight” rating in a research note on Friday, June 23rd.

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Shares of Archrock Partners, L.P. (NASDAQ:APLP) opened at 14.04 on Friday. The firm’s 50-day moving average price is $13.88 and its 200 day moving average price is $14.89. The company’s market capitalization is $920.74 million. Archrock Partners, L.P. has a 52-week low of $12.43 and a 52-week high of $18.55.

Archrock Partners, L.P. (NASDAQ:APLP) last released its quarterly earnings data 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. 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 period last year, the firm earned $0.21 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. On average, equities analysts forecast that Archrock Partners, L.P. will post $0.47 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of APLP. Americafirst Capital Management LLC purchased a new position in shares of Archrock Partners, L.P. in the second quarter worth $146,000. Clinton Group Inc. raised its holdings in shares of Archrock Partners, L.P. by 5.5% in the first quarter. Clinton Group Inc. now owns 12,925 shares of the energy company’s stock worth $222,000 after buying an additional 674 shares during the last quarter. Global X Management Co. LLC raised its holdings in shares of Archrock Partners, L.P. by 3.7% in the first quarter. Global X Management Co. LLC now owns 13,454 shares of the energy company’s stock worth $231,000 after buying an additional 484 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of 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 buying an additional 486 shares during the last quarter. Finally, Texas Yale Capital Corp. raised its holdings in shares of 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 buying an additional 6,425 shares during the last quarter. 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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