Raymond James Financial Services Advisors Inc. bought a new position in shares of Archrock Partners, L.P. (NASDAQ:APLP) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,273 shares of the energy company’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Americafirst Capital Management LLC acquired a new stake in Archrock Partners in the 2nd quarter worth about $146,000. Royal Bank of Canada raised its stake in Archrock Partners by 2.7% in the 2nd quarter. Royal Bank of Canada now owns 18,242 shares of the energy company’s stock worth $272,000 after purchasing an additional 486 shares in the last quarter. Texas Yale Capital Corp. raised its stake in Archrock Partners by 52.9% in the 2nd quarter. Texas Yale Capital Corp. now owns 18,565 shares of the energy company’s stock worth $277,000 after purchasing an additional 6,425 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in Archrock Partners in the 2nd quarter worth about $719,000. Finally, Cyrus Capital Partners L.P. acquired a new stake in Archrock Partners in the 2nd quarter worth about $976,000. Institutional investors own 46.84% of the company’s stock.

Archrock Partners, L.P. (NASDAQ APLP) opened at $11.22 on Monday. 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, L.P. has a 1-year low of $10.58 and a 1-year high of $18.55. The company has a market cap of $787.49, a PE ratio of 34.00, a price-to-earnings-growth ratio of 2.62 and a beta of 2.21.

Archrock Partners (NASDAQ:APLP) last released its earnings results on Thursday, November 2nd. The energy company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.13). Archrock Partners had a negative net margin of 3.10% and a positive return on equity of 4.32%. The firm had revenue of $140.19 million during the quarter, compared to the consensus estimate of $141.37 million. During the same period in the prior year, the business earned $0.15 earnings per share. Archrock Partners’s quarterly revenue was up 3.5% compared to the same quarter last year. equities research analysts predict that Archrock Partners, L.P. will post 0.28 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Wednesday, November 8th were issued a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 10.16%. The ex-dividend date was Tuesday, November 7th. Archrock Partners’s dividend payout ratio is currently -422.21%.

Several brokerages have weighed in on APLP. Zacks Investment Research upgraded shares of Archrock Partners from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Tuesday, October 3rd. Royal Bank Of Canada upgraded shares of Archrock Partners from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $18.00 to $19.00 in a research note on Wednesday, August 23rd. They noted that the move was a valuation call. Finally, Citigroup began coverage on shares of Archrock Partners in a research note on Friday, October 13th. They issued a “neutral” rating and a $15.50 price objective for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $17.13.

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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.

Institutional Ownership by Quarter for Archrock Partners (NASDAQ:APLP)

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