Archrock Partners, L.P. (APLP) Receives Average Recommendation of “Hold” from Brokerages

Archrock Partners, L.P. (NASDAQ:APLP) has been given an average rating of “Hold” by the six brokerages that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $17.50.

Several equities analysts have recently commented on APLP shares. Citigroup started coverage on Archrock Partners in a research report on Friday, October 13th. They issued a “neutral” rating and a $15.50 price objective on the stock. Zacks Investment Research upgraded Archrock Partners from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Royal Bank Of Canada upgraded Archrock Partners 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.

Shares of Archrock Partners (NASDAQ APLP) opened at $11.68 on Friday. Archrock Partners has a fifty-two week low of $10.58 and a fifty-two week high of $18.55. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 2.49. The stock has a market capitalization of $819.77, a PE ratio of 32.88, a price-to-earnings-growth ratio of 2.54 and a beta of 2.29.

Archrock Partners (NASDAQ:APLP) last released its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.13). Archrock Partners had a negative net margin of 3.10% and a positive return on equity of 4.32%. The company had revenue of $140.19 million for the quarter, compared to the consensus estimate of $141.37 million. During the same period in the prior year, the firm posted $0.15 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. equities research analysts expect that Archrock Partners will post 0.28 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Wednesday, November 8th were given a $0.285 dividend. The ex-dividend date was Tuesday, November 7th. This represents a $1.14 annualized dividend and a dividend yield of 9.76%. Archrock Partners’s payout ratio is -438.46%.

Several institutional investors have recently made changes to their positions in APLP. HITE Hedge Asset Management LLC lifted its position in shares of Archrock Partners by 63.5% in the third quarter. HITE Hedge Asset Management LLC now owns 1,842,984 shares of the energy company’s stock valued at $26,281,000 after acquiring an additional 715,440 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Archrock Partners by 13.1% in the second quarter. Goldman Sachs Group Inc. now owns 4,027,516 shares of the energy company’s stock worth $60,050,000 after buying an additional 466,685 shares in the last quarter. Cohen & Steers Inc. lifted its position in shares of Archrock Partners by 139.3% in the third quarter. Cohen & Steers Inc. now owns 438,489 shares of the energy company’s stock worth $6,253,000 after buying an additional 255,253 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Archrock Partners in the third quarter worth about $3,418,000. Finally, Harvest Fund Advisors LLC lifted its position in shares of Archrock Partners by 2.9% in the third quarter. Harvest Fund Advisors LLC now owns 5,792,119 shares of the energy company’s stock worth $82,596,000 after buying an additional 165,958 shares in the last quarter. Institutional investors and hedge funds own 46.80% of the company’s stock.

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Archrock Partners 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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