Archrock Partners LP (NASDAQ:APLP) traded down 1.9% during mid-day trading on Wednesday . The company traded as low as $13.72 and last traded at $14.16, with a volume of 64,241 shares trading hands. The stock had previously closed at $14.44.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Archrock Partners from a “sell” rating to a “hold” rating in a research note on Monday, July 4th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $17.00 target price on shares of Archrock Partners in a research note on Thursday, May 5th. Capital One Financial Corp. upgraded Archrock Partners from an “equal weight” rating to an “overweight” rating and set a $15.00 target price for the company in a research note on Tuesday, June 21st. Finally, Goldman Sachs Group Inc. upgraded Archrock Partners from a “neutral” rating to a “buy” rating and increased their target price for the company from $9.00 to $14.00 in a research note on Tuesday, June 21st. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.13.

The firm’s market capitalization is $838.69 million. The firm’s 50 day moving average price is $13.66 and its 200 day moving average price is $11.15.

Archrock Partners (NASDAQ:APLP) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. The company earned $151.40 million during the quarter, compared to the consensus estimate of $165.34 million. The company’s quarterly revenue was down 7.9% on a year-over-year basis. Equities research analysts forecast that Archrock Partners LP will post $0.49 earnings per share for the current year.

Several hedge funds and institutional investors have made changes to their positions in the company. Advisors Asset Management Inc. acquired a new position in shares of Archrock Partners during the fourth quarter valued at approximately $2,927,000. Atlantic Trust Group LLC acquired a new position in shares of Archrock Partners during the fourth quarter valued at approximately $4,924,000. Morgan Stanley acquired a new position in shares of Archrock Partners during the fourth quarter valued at approximately $14,622,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Archrock Partners during the fourth quarter valued at approximately $5,887,000. Finally, Penserra Capital Management LLC acquired a new position in shares of Archrock Partners during the fourth quarter valued at approximately $5,008,000.

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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