Archrock Partners (APLP) Upgraded to Overweight by JPMorgan Chase & Co.
Archrock Partners (NASDAQ:APLP) was upgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors on Thursday. The brokerage currently has a $18.00 price target on the energy company’s stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 40.73% from the stock’s current price.
APLP has been the topic of a number of other research reports. Royal Bank of Canada lowered Archrock Partners from an “outperform” rating to a “sector perform” rating and set a $15.00 price target on the stock. in a research report on Wednesday, January 3rd. Zacks Investment Research lowered Archrock Partners from a “hold” rating to a “sell” rating in a research report on Monday, January 15th. ValuEngine lowered Archrock Partners from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Raymond James Financial reiterated a “market perform” rating on shares of Archrock Partners in a research report on Thursday, January 18th. Finally, BidaskClub upgraded Archrock Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.50.
Archrock Partners stock traded up $0.23 during midday trading on Thursday, hitting $12.79. The company’s stock had a trading volume of 30,495 shares, compared to its average volume of 277,496. Archrock Partners has a 1 year low of $10.58 and a 1 year high of $17.42. The company has a market cap of $859.21, a price-to-earnings ratio of -1,254.75, a PEG ratio of 0.98 and a beta of 2.03. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.69 and a quick ratio of 1.69.
Large investors have recently made changes to their positions in the company. Bell & Brown Wealth Advisors LLC acquired a new position in shares of Archrock Partners in the 4th quarter valued at about $119,000. Raymond James Trust N.A. acquired a new position in shares of Archrock Partners in the 4th quarter valued at about $163,000. Franklin Square Holdings L.P. acquired a new position in shares of Archrock Partners in the 3rd quarter valued at about $214,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Archrock Partners in the 3rd quarter valued at about $218,000. Finally, Chicago Partners Investment Group LLC acquired a new position in shares of Archrock Partners in the 3rd quarter valued at about $338,000. 45.33% of the stock is currently owned by institutional investors.
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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.
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