Wall Street analysts expect Archrock Partners, L.P. (NASDAQ:APLP) to post $0.15 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Archrock Partners, L.P.’s earnings, with estimates ranging from $0.14 to $0.16. Archrock Partners, L.P. also reported earnings per share of $0.15 in the same quarter last year. The company is scheduled to report its next earnings results on Monday, October 30th.

According to Zacks, analysts expect that Archrock Partners, L.P. will report full year earnings of $0.50 per share for the current year, with EPS estimates ranging from $0.47 to $0.52. For the next financial year, analysts forecast that the company will post earnings of $1.12 per share, with EPS estimates ranging from $0.89 to $1.47. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Archrock Partners, L.P..

Archrock Partners, L.P. (NASDAQ:APLP) last posted its earnings results on Tuesday, August 1st. The energy company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.04. The business had revenue of $138.30 million for the quarter, compared to analysts’ expectations of $137.10 million. Archrock Partners, L.P. had a negative net margin of 2.49% and a positive return on equity of 6.02%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 earnings per share.

APLP has been the subject of several analyst reports. Royal Bank Of Canada restated a “buy” rating and issued a $19.00 target price on shares of Archrock Partners, L.P. in a report on Wednesday, September 27th. Zacks Investment Research upgraded Archrock Partners, L.P. from a “sell” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub upgraded Archrock Partners, L.P. from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Capital One Financial Corporation lowered shares of Archrock Partners, L.P. from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 23rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $18.00.

Shares of Archrock Partners, L.P. (APLP) opened at 14.26 on Monday. Archrock Partners, L.P. has a 12-month low of $12.56 and a 12-month high of $18.55. The company’s 50-day moving average is $13.63 and its 200-day moving average is $15.22. The firm’s market capitalization is $935.17 million.

Large investors have recently modified their holdings of the company. Americafirst Capital Management LLC acquired a new stake in shares of Archrock Partners, L.P. in the second quarter valued at about $146,000. Clinton Group Inc. increased its stake in shares of Archrock Partners, L.P. by 5.5% in the first quarter. Clinton Group Inc. now owns 12,925 shares of the energy company’s stock worth $222,000 after purchasing an additional 674 shares during the period. Global X Management Co. LLC lifted its position in shares of Archrock Partners, L.P. by 3.7% during the 1st quarter. Global X Management Co. LLC now owns 13,454 shares of the energy company’s stock worth $231,000 after purchasing an additional 484 shares during the last quarter. Royal Bank of Canada lifted its position in shares of Archrock Partners, L.P. by 2.7% during 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 during the last quarter. Finally, Texas Yale Capital Corp. lifted its position in shares of Archrock Partners, L.P. by 52.9% during 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 during the last quarter. 41.17% of the stock is currently owned by institutional investors.

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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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