Archrock Partners, L.P. (APLP) Announces Quarterly Dividend of $0.29
Archrock Partners, L.P. (NASDAQ:APLP) announced a quarterly dividend on Monday, October 23rd, Wall Street Journal reports. Stockholders of record on Wednesday, November 8th will be paid a dividend of 0.285 per share by the energy company on Tuesday, November 14th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.58%. The ex-dividend date is Tuesday, November 7th.
Shares of Archrock Partners, L.P. (NASDAQ APLP) traded down 3.98% during mid-day trading on Monday, hitting $13.28. The stock had a trading volume of 105,969 shares. The company’s market cap is $870.90 million. The stock’s 50-day moving average is $13.92 and its 200 day moving average is $14.75. Archrock Partners, L.P. has a 12 month low of $12.43 and a 12 month 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 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 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%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.21 earnings per share. On average, equities research analysts forecast that Archrock Partners, L.P. will post $0.47 earnings per share for the current fiscal year.
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A number of equities analysts have recently weighed in on the company. BidaskClub raised Archrock Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Zacks Investment Research raised Archrock Partners, L.P. from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Tuesday, October 3rd. Royal Bank Of Canada raised Archrock Partners, L.P. from a “sector perform” rating to an “outperform” rating and increased their price target 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, Citigroup Inc. assumed coverage on Archrock Partners, L.P. in a research note on Friday, October 13th. They set a “neutral” rating and a $15.50 price target for the company. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Archrock Partners, L.P. currently has an average rating of “Hold” and an average price target of $17.13.
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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