Archrock Partners, L.P. (APLP) to Release Quarterly Earnings on Monday
Archrock Partners, L.P. (NASDAQ:APLP) will announce its earnings results before the market opens on Monday, October 30th. Analysts expect the company to announce earnings of $0.12 per share for the quarter.
Archrock Partners, L.P. (NASDAQ:APLP) last announced its quarterly earnings results on Tuesday, August 1st. The energy company reported $0.12 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 during the quarter, compared to the consensus estimate of $137.10 million. During the same period last year, the firm earned $0.21 EPS. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, analysts expect Archrock Partners, L.P. to post $0.5 EPS for the current fiscal year and $1.11 EPS for the next fiscal year.
Archrock Partners, L.P. (APLP) opened at 13.83 on Monday. The firm has a 50-day moving average of $13.92 and a 200 day moving average of $14.75. The company’s market capitalization is $906.97 million. Archrock Partners, L.P. has a one year low of $12.43 and a one year high of $18.55.
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A number of brokerages have recently issued reports on APLP. Citigroup Inc. began coverage on shares of Archrock Partners, L.P. in a research note on Friday, October 13th. They issued a “neutral” rating and a $15.50 price objective for the company. Zacks Investment Research cut shares of Archrock Partners, L.P. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Royal Bank Of Canada reissued a “buy” rating and issued a $19.00 price objective on shares of Archrock Partners, L.P. in a research note on Wednesday, September 27th. Finally, BidaskClub raised shares of Archrock Partners, L.P. from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Archrock Partners, L.P. currently has a consensus rating of “Hold” and a consensus target price 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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