Archrock Partners (APLP) Upgraded by BidaskClub to Hold

BidaskClub upgraded shares of Archrock Partners (NASDAQ:APLP) from a sell rating to a hold rating in a research report sent to investors on Wednesday, January 3rd.

A number of other brokerages also recently issued reports on APLP. Royal Bank of Canada reissued a buy rating and set a $19.00 price objective on shares of Archrock Partners in a research report on Wednesday, September 27th. ValuEngine downgraded Archrock Partners from a hold rating to a sell rating in a research report on Sunday, December 31st. Zacks Investment Research raised Archrock Partners from a hold rating to a buy rating and set a $16.00 price objective for the company in a research report on Tuesday, October 3rd. Finally, Citigroup initiated coverage on Archrock Partners in a research report on Friday, October 13th. They set a neutral rating and a $15.50 price objective for the company. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $16.10.

Shares of Archrock Partners (APLP) traded up $0.54 on Wednesday, hitting $14.50. The company’s stock had a trading volume of 160,400 shares, compared to its average volume of 280,662. Archrock Partners has a twelve month low of $10.58 and a twelve month high of $18.40. The firm has a market cap of $1,020.00, a P/E ratio of -55.77, a PEG ratio of 0.97 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.

Archrock Partners (NASDAQ:APLP) last issued its earnings results on Thursday, November 2nd. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.13). The company 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%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business earned $0.15 earnings per share. equities analysts expect that Archrock Partners will post 0.27 EPS for the current year.

Several large investors have recently modified their holdings of the stock. Americafirst Capital Management LLC purchased a new position in Archrock Partners during the 2nd quarter valued at about $146,000. Franklin Square Holdings L.P. purchased a new position in Archrock Partners during the 3rd quarter valued at about $214,000. Raymond James Financial Services Advisors Inc. purchased a new position in Archrock Partners during the 3rd quarter valued at about $218,000. Royal Bank of Canada boosted its holdings in Archrock Partners by 2.7% during 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 during the period. Finally, Chicago Partners Investment Group LLC purchased a new position in Archrock Partners during the 3rd quarter valued at about $338,000. 46.75% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Archrock Partners (NASDAQ:APLP)

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