Archrock Partners LP (APLP) Expected to Announce Quarterly Sales of $142.57 Million

Equities research analysts forecast that Archrock Partners LP (NASDAQ:APLP) will report 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 posted sales of $135.41 million during the same quarter last year, which suggests a positive year over year growth rate of 5.3%. The company is scheduled to announce its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that Archrock Partners will report full year sales of $142.57 million for the current fiscal year, with estimates ranging from $557.81 million to $558.81 million. For the next fiscal year, analysts forecast that the firm will report sales of $619.39 million per share, with estimates ranging from $612.00 million to $626.78 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Archrock Partners.

Archrock Partners (NASDAQ:APLP) last announced its quarterly earnings data on Thursday, November 2nd. The energy company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.13). The firm had revenue of $140.19 million during the quarter, compared to analyst estimates of $141.37 million. Archrock Partners had a positive return on equity of 4.32% and a negative net margin of 3.10%. Archrock Partners’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 earnings per share.

A number of brokerages recently commented on APLP. Zacks Investment Research lowered Archrock Partners from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. Raymond James Financial reiterated a “market perform” rating on shares of Archrock Partners in a research report on Thursday. Royal Bank of Canada reiterated a “buy” rating and issued a $19.00 price objective on shares of Archrock Partners in a research report on Wednesday, September 27th. Citigroup initiated coverage on Archrock Partners in a research report on Friday, October 13th. They issued a “neutral” rating and a $15.50 price objective for the company. Finally, BidaskClub upgraded Archrock Partners from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $16.10.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada boosted its holdings in Archrock Partners by 2.7% during the second quarter. Royal Bank of Canada now owns 18,242 shares of the energy company’s stock worth $272,000 after buying an additional 486 shares during the last quarter. Americafirst Capital Management LLC bought a new position in shares of Archrock Partners during the 2nd quarter valued at about $146,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Archrock Partners by 2.1% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 491,104 shares of the energy company’s stock valued at $7,003,000 after purchasing an additional 10,049 shares in the last quarter. Franklin Square Holdings L.P. bought a new position in shares of Archrock Partners during the 3rd quarter valued at about $214,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Archrock Partners during the 3rd quarter valued at about $218,000. Hedge funds and other institutional investors own 46.75% of the company’s stock.

Shares of Archrock Partners (NASDAQ APLP) opened at $13.87 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 2.49. The company has a market capitalization of $973.48, a PE ratio of -53.35, a P/E/G ratio of 1.06 and a beta of 2.19. Archrock Partners has a 12-month low of $10.58 and a 12-month high of $18.40.

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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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