Zacks Investment Research downgraded shares of Archrock Partners, L.P. (NASDAQ:APLP) from a hold rating to a sell rating in a research report report published on Tuesday.

According to Zacks, “Archrock Partners LP is a master limited partnership. The company provides natural gas contract compression services primarily in the United States. Archrock Partners LP, formerly known as Exterran Partners, L.P., is based in Houston, Texas. “

Several other equities research analysts have also commented on APLP. BidaskClub lowered Archrock Partners, L.P. from a hold rating to a sell rating in a research note on Tuesday. Capital One Financial Corporation lowered Archrock Partners, L.P. from an overweight rating to an equal weight rating in a research note on Friday, June 23rd. Goldman Sachs Group, Inc. (The) lowered Archrock Partners, L.P. from a buy rating to a neutral rating and set a $18.00 price target for the company. in a research note on Monday, May 29th. Finally, Royal Bank Of Canada restated a hold rating and set a $20.00 price target on shares of Archrock Partners, L.P. in a research note on Friday, April 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $18.00.

Archrock Partners, L.P. (APLP) traded up 0.89% during trading on Tuesday, reaching $14.75. The company’s stock had a trading volume of 46,874 shares. The company’s market capitalization is $967.23 million. The company’s 50-day moving average is $14.47 and its 200-day moving average is $16.25. Archrock Partners, L.P. has a 1-year low of $12.56 and a 1-year high of $18.55.

Archrock Partners, L.P. (NASDAQ:APLP) last released its earnings results on Thursday, May 4th. The energy company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.10. Archrock Partners, L.P. had a positive return on equity of 6.91% and a negative net margin of 2.84%. The business had revenue of $137.29 million for the quarter, compared to analysts’ expectations of $139.76 million. During the same quarter last year, the company posted $0.18 earnings per share. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. Equities analysts anticipate that Archrock Partners, L.P. will post $0.38 EPS for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Tuesday, August 8th will be paid a dividend of $0.285 per share. The ex-dividend date is Friday, August 4th. This represents a $1.14 annualized dividend and a yield of 7.73%. Archrock Partners, L.P.’s dividend payout ratio is presently -456.00%.

Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its stake in shares of Archrock Partners, L.P. by 311.8% in the fourth quarter. Renaissance Technologies LLC now owns 82,356 shares of the energy company’s stock valued at $1,321,000 after buying an additional 62,356 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of Archrock Partners, L.P. by 3.8% in the fourth quarter. Guggenheim Capital LLC now owns 156,396 shares of the energy company’s stock valued at $2,508,000 after buying an additional 5,766 shares in the last quarter. HITE Hedge Asset Management LLC raised its stake in shares of Archrock Partners, L.P. by 5.2% in the fourth quarter. HITE Hedge Asset Management LLC now owns 1,028,435 shares of the energy company’s stock valued at $16,496,000 after buying an additional 50,894 shares in the last quarter. Texas Yale Capital Corp. purchased a new stake in shares of Archrock Partners, L.P. during the first quarter valued at approximately $208,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Archrock Partners, L.P. by 8.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 454,418 shares of the energy company’s stock valued at $7,798,000 after buying an additional 35,112 shares in the last quarter. Institutional investors own 46.98% of the company’s stock.

About Archrock Partners, L.P.

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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