Archrock Partners LP (NASDAQ:APLP) has been given an average rating of “Hold” by the nine ratings firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $16.13.
Several analysts have recently commented on APLP shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $19.00 price objective on shares of Archrock Partners in a research report on Monday, October 30th. Zacks Investment Research downgraded shares of Archrock Partners from a “hold” rating to a “sell” rating in a research report on Monday, October 23rd. Citigroup started coverage on shares of Archrock Partners in a research report on Friday, October 13th. They set a “neutral” rating and a $15.50 price objective for the company. ValuEngine downgraded shares of Archrock Partners from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, JPMorgan Chase & Co. downgraded shares of Archrock Partners from an “overweight” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research report on Thursday, January 4th.
Several hedge funds have recently made changes to their positions in the company. Atlantic Trust Group LLC grew its position in shares of Archrock Partners by 59.2% during the 3rd quarter. Atlantic Trust Group LLC now owns 1,185,888 shares of the energy company’s stock worth $16,911,000 after buying an additional 441,090 shares during the period. Chicago Partners Investment Group LLC acquired a new stake in Archrock Partners in the 3rd quarter valued at $338,000. Neuberger Berman Group LLC acquired a new stake in Archrock Partners in the 3rd quarter valued at $572,000. Cohen & Steers Inc. grew its position in Archrock Partners by 139.3% in the 3rd quarter. Cohen & Steers Inc. now owns 438,489 shares of the energy company’s stock valued at $6,253,000 after purchasing an additional 255,253 shares during the period. Finally, Franklin Square Holdings L.P. acquired a new stake in Archrock Partners in the 3rd quarter valued at $214,000. 46.75% of the stock is owned by institutional investors.
Archrock Partners (NASDAQ:APLP) last released its earnings results on Thursday, November 2nd. The energy company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.13). The firm had revenue of $140.19 million for the quarter, compared to analyst estimates of $141.37 million. Archrock Partners had a negative net margin of 3.10% and a positive return on equity of 4.32%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.15 EPS. equities research analysts forecast that Archrock Partners will post 0.27 earnings per share for the current fiscal year.
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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