Zacks Investment Research upgraded shares of Archrock Partners, L.P. (NASDAQ:APLP) from a hold rating to a buy rating in a research report released on Tuesday. The firm currently has $16.00 target price on the energy company’s stock.

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. “

APLP has been the topic of several other reports. Capital One Financial Corporation lowered shares of Archrock Partners, L.P. from an overweight rating to an equal weight rating in a research note on Friday, June 23rd. Royal Bank Of Canada reissued a buy rating and issued a $19.00 price objective on shares of Archrock Partners, L.P. in a research report on Wednesday, September 27th. Finally, BidaskClub downgraded shares of Archrock Partners, L.P. from a hold rating to a sell rating in a research report on Tuesday, July 25th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Archrock Partners, L.P. has a consensus rating of Hold and an average price target of $17.67.

Shares of Archrock Partners, L.P. (NASDAQ:APLP) opened at 14.60 on Tuesday. The company’s market capitalization is $957.47 million. Archrock Partners, L.P. has a one year low of $12.56 and a one year high of $18.55. The company has a 50-day moving average of $13.79 and a 200-day moving average of $14.96.

Archrock Partners, L.P. (NASDAQ:APLP) last issued its quarterly earnings results on Tuesday, August 1st. The energy company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.04. Archrock Partners, L.P. had a negative net margin of 2.49% and a positive return on equity of 6.02%. The firm had revenue of $138.30 million for the quarter, compared to analyst estimates of $137.10 million. During the same period in the previous year, the business earned $0.21 EPS. The company’s revenue was down 1.3% compared to the same quarter last year. On average, analysts anticipate that Archrock Partners, L.P. will post $0.47 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Global X Management Co. LLC boosted its holdings in Archrock Partners, L.P. by 3.7% in the 1st quarter. Global X Management Co. LLC now owns 13,454 shares of the energy company’s stock valued at $231,000 after purchasing an additional 484 shares during the period. Royal Bank of Canada boosted its holdings in Archrock Partners, L.P. by 2.7% in the 2nd quarter. Royal Bank of Canada now owns 18,242 shares of the energy company’s stock valued at $272,000 after purchasing an additional 486 shares during the period. Clinton Group Inc. boosted its holdings in Archrock Partners, L.P. by 5.5% in the 1st quarter. Clinton Group Inc. now owns 12,925 shares of the energy company’s stock valued at $222,000 after purchasing an additional 674 shares during the period. JPMorgan Chase & Co. boosted its holdings in Archrock Partners, L.P. by 0.8% in the 1st quarter. JPMorgan Chase & Co. now owns 108,233 shares of the energy company’s stock valued at $1,857,000 after purchasing an additional 840 shares during the period. Finally, Texas Yale Capital Corp. boosted its holdings in Archrock Partners, L.P. by 52.9% in the 2nd quarter. Texas Yale Capital Corp. now owns 18,565 shares of the energy company’s stock valued at $277,000 after purchasing an additional 6,425 shares during the period. 41.17% of the stock is owned by hedge funds and other institutional investors.

Archrock Partners, L.P. 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.

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