Shares of Archrock Partners LP (NASDAQ:APLP) traded down 1.3% on Monday . The stock traded as low as $14.27 and last traded at $14.56, with a volume of 53,661 shares. The stock had previously closed at $14.75.

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. restated a “buy” rating and set a $17.00 price target on shares of Archrock Partners in a report on Thursday, May 5th. Zacks Investment Research cut Archrock Partners from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. Credit Suisse Group AG set a $17.00 target price on Archrock Partners and gave the company a “buy” rating in a report on Friday, August 5th. RBC Capital Markets reiterated a “sector perform” rating and issued a $14.00 target price (up from $8.00) on shares of Archrock Partners in a report on Friday, August 5th. Finally, Capital One Financial Corp. upgraded Archrock Partners from an “equal weight” rating to an “overweight” rating and set a $15.00 target price on the stock in a report on Tuesday, June 21st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $14.89.

The firm’s market cap is $870.51 million. The stock has a 50-day moving average price of $14.04 and a 200-day moving average price of $11.72.

Archrock Partners (NASDAQ:APLP) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.08. The business earned $140.05 million during the quarter, compared to analysts’ expectations of $146.04 million. The business’s revenue was down 16.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 EPS. On average, equities analysts anticipate that Archrock Partners LP will post $0.51 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 15th. Shareholders of record on Tuesday, August 9th were issued a $0.285 dividend. The ex-dividend date of this dividend was Friday, August 5th. This represents a $1.14 annualized dividend and a dividend yield of 7.87%.

Other institutional investors have recently made changes to their positions in the company. Kayne Anderson Capital Advisors LP purchased a new position in shares of Archrock Partners during the fourth quarter worth $10,161,000. Advisors Asset Management Inc. purchased a new position in shares of Archrock Partners during the fourth quarter worth $2,927,000. Finally, Morgan Stanley purchased a new position in shares of Archrock Partners during the fourth quarter worth $14,622,000.

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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