Archrock Partners, L.P. (NASDAQ:APLP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Monday.

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. “

A number of other equities analysts have also recently issued reports on APLP. BidaskClub cut shares of Archrock Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Royal Bank Of Canada upgraded shares of Archrock Partners, L.P. from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $18.00 to $19.00 in a research report on Wednesday, August 23rd. They noted that the move was a valuation call. Finally, Citigroup Inc. initiated coverage on shares of Archrock Partners, L.P. in a research report on Friday, October 13th. They issued a “neutral” rating and a $15.50 price objective on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $17.13.

Shares of Archrock Partners, L.P. (APLP) traded down 3.98% during mid-day trading on Monday, reaching $13.28. 105,969 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $13.92 and a 200-day moving average price of $14.75. Archrock Partners, L.P. has a one year low of $12.43 and a one year high of $18.55. The stock’s market cap is $870.90 million.

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 analysts’ consensus estimates 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 analysts’ expectations of $137.10 million. During the same quarter in the previous year, the company earned $0.21 earnings per share. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, analysts predict that Archrock Partners, L.P. will post $0.47 EPS for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Cyrus Capital Partners L.P. bought a new stake in shares of Archrock Partners, L.P. during the 2nd quarter valued at about $976,000. Americafirst Capital Management LLC bought a new stake in shares of Archrock Partners, L.P. during the 2nd quarter valued at about $146,000. Royal Bank of Canada boosted its stake in shares of Archrock Partners, L.P. by 2.7% during the 2nd quarter. Royal Bank of Canada now owns 18,242 shares of the energy company’s stock valued at $272,000 after purchasing an additional 486 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Archrock Partners, L.P. by 13.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 4,027,516 shares of the energy company’s stock valued at $60,050,000 after purchasing an additional 466,685 shares in the last quarter. Finally, Citigroup Inc. boosted its stake 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 purchasing an additional 49,863 shares in the last quarter. 41.17% of the stock is currently owned by hedge funds and other institutional investors.

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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