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.

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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.

Archrock Partners (NASDAQ:APLP) last released its quarterly earnings results on Thursday, February 22nd. The energy company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.02. Archrock Partners had a positive return on equity of 3.74% and a negative net margin of 0.08%. The firm had revenue of $141.76 million for the quarter, compared to analyst estimates of $142.97 million. During the same quarter in the previous year, the company posted $0.16 EPS. The business’s revenue was up 4.7% on a year-over-year basis. analysts forecast that Archrock Partners will post 0.83 earnings per share for the current year.

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.

Analyst Recommendations for Archrock Partners (NASDAQ:APLP)

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