Zacks: Brokerages Anticipate Archrock Partners LP (APLP) Will Announce Quarterly Sales of $142.57 Million

Wall Street analysts expect Archrock Partners LP (NASDAQ:APLP) to post sales of $142.57 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Archrock Partners’ earnings, with estimates ranging from $142.07 million to $143.07 million. Archrock Partners reported sales of $135.41 million in the same quarter last year, which would suggest a positive year over year growth rate of 5.3%. The business is scheduled to issue its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Archrock Partners will report full year sales of $142.57 million for the current financial year, with estimates ranging from $557.81 million to $558.81 million. For the next fiscal year, analysts expect that the business will post sales of $622.05 million per share, with estimates ranging from $617.32 million to $626.78 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Archrock Partners.

Archrock Partners (NASDAQ:APLP) last announced its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $140.19 million during the quarter, compared to analyst estimates of $141.37 million. During the same period last year, the firm earned $0.15 EPS. Archrock Partners’s quarterly revenue was up 3.5% on a year-over-year basis.

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of Archrock Partners from an “overweight” rating to a “neutral” rating and set a $16.00 price target for the company. in a report on Thursday. BidaskClub raised shares of Archrock Partners from a “sell” rating to a “hold” rating in a report on Wednesday. Royal Bank of Canada lowered shares of Archrock Partners from an “outperform” rating to a “sector perform” rating and set a $15.00 price target for the company. in a report on Wednesday. ValuEngine lowered shares of Archrock Partners from a “hold” rating to a “sell” rating in a report on Sunday. Finally, Zacks Investment Research lowered shares of Archrock Partners from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Archrock Partners currently has a consensus rating of “Hold” and a consensus price target of $16.10.

Shares of Archrock Partners (NASDAQ:APLP) traded down $0.47 during mid-day trading on Thursday, hitting $13.20. 344,010 shares of the stock traded hands, compared to its average volume of 1,179,550. Archrock Partners has a one year low of $10.58 and a one year high of $18.55. The firm has a market cap of $936.99, a price-to-earnings ratio of -50.77, a price-to-earnings-growth ratio of 1.08 and a beta of 2.19. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 2.49.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Americafirst Capital Management LLC bought a new stake in Archrock Partners in the 2nd quarter valued at $146,000. Franklin Square Holdings L.P. bought a new stake in Archrock Partners in the 3rd quarter valued at $214,000. Raymond James Financial Services Advisors Inc. bought a new stake in Archrock Partners in the 3rd quarter valued at $218,000. Royal Bank of Canada lifted its position in Archrock Partners by 2.7% in the 2nd quarter. Royal Bank of Canada now owns 18,242 shares of the energy company’s stock valued at $272,000 after acquiring an additional 486 shares in the last quarter. Finally, Chicago Partners Investment Group LLC bought a new stake in Archrock Partners in the 3rd quarter valued at $338,000. 46.82% of the stock is currently owned by institutional investors and hedge funds.

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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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