Archrock Partners LP to Issue Quarterly Dividend of $0.29 (APLP)

Archrock Partners LP (NASDAQ:APLP) declared a quarterly dividend on Monday, January 22nd, Wall Street Journal reports. Shareholders of record on Thursday, February 8th will be paid a dividend of 0.285 per share by the energy company on Tuesday, February 13th. This represents a $1.14 dividend on an annualized basis and a yield of 7.92%. The ex-dividend date of this dividend is Wednesday, February 7th.

Shares of Archrock Partners (NASDAQ APLP) traded up $0.52 during midday trading on Monday, reaching $14.39. The company’s stock had a trading volume of 197,565 shares, compared to its average volume of 313,182. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 2.49. Archrock Partners has a 1 year low of $10.58 and a 1 year high of $18.40. The stock has a market capitalization of $1,010.00, a P/E ratio of -55.35, a P/E/G ratio of 1.00 and a beta of 2.19.

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 consensus estimate of $0.15 by ($0.13). The company had revenue of $140.19 million for the quarter, compared to the consensus estimate of $141.37 million. Archrock Partners had a positive return on equity of 4.32% and a negative net margin of 3.10%. The business’s revenue was up 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 EPS. equities research analysts forecast that Archrock Partners will post 0.27 EPS for the current fiscal year.

Several analysts have recently issued reports on the company. Zacks Investment Research upgraded Archrock Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 9th. BidaskClub upgraded Archrock Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Raymond James Financial reiterated a “market perform” rating on shares of Archrock Partners in a research note on Thursday. ValuEngine downgraded Archrock Partners from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $19.00 price target on shares of Archrock Partners in a research note on Monday, October 30th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Archrock Partners currently has an average rating of “Hold” and a consensus price target of $16.10.

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About Archrock Partners

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.

Dividend History for Archrock Partners (NASDAQ:APLP)

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