Archrock Partners LP (APLP) Trading Up 3.5%
Archrock Partners LP (NASDAQ:APLP) shares were up 3.5% during trading on Monday . The company traded as high as $14.45 and last traded at $14.30, with a volume of 92,128 shares changing hands. The stock had previously closed at $13.81.
APLP has been the topic of a number of recent research reports. Capital One Financial Corp. upgraded shares of Archrock Partners from an “equal weight” rating to an “overweight” rating and set a $15.00 price target on the stock in a research note on Tuesday, June 21st. Zacks Investment Research lowered shares of Archrock Partners from a “hold” rating to a “sell” rating in a research note on Tuesday, June 14th. Goldman Sachs Group Inc. upgraded shares of Archrock Partners from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $9.00 to $14.00 in a research note on Tuesday, June 21st. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $17.00 price target on shares of Archrock Partners in a research note on Thursday, May 5th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $17.13.
The firm has a 50 day moving average price of $13.65 and a 200-day moving average price of $11.10. The stock’s market cap is $860.30 million.
Archrock Partners (NASDAQ:APLP) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $151.40 million for the quarter, compared to analysts’ expectations of $165.34 million. The company’s revenue was down 7.9% on a year-over-year basis. Equities research analysts predict that Archrock Partners LP will post $0.49 EPS for the current fiscal year.
Other hedge funds have modified their holdings of the company. Advisors Asset Management Inc. acquired a new stake in shares of Archrock Partners during the fourth quarter worth about $2,927,000. Atlantic Trust Group LLC acquired a new stake in shares of Archrock Partners during the fourth quarter worth about $4,924,000. Penserra Capital Management LLC acquired a new stake in shares of Archrock Partners during the fourth quarter worth about $5,008,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Archrock Partners during the fourth quarter worth about $5,887,000. Finally, First Trust Advisors LP acquired a new stake in shares of Archrock Partners during the fourth quarter worth about $6,791,000.
Archrock Partners, L.P., formerly Exterran Partners, L.P., is engaged in the United States natural gas compression business. The Company provides contract operations services, including the personnel, equipment, tools, materials and supplies to meet its customers’ natural gas compression needs. The Company’s contract operations services primarily include designing, sourcing, owning, installing, operating, servicing, repairing and maintaining equipment to provide natural gas compression services to its customers.
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