Shares of Archrock Partners LP (NASDAQ:APLP) were down 2.9% during mid-day trading on Thursday . The company traded as low as $14.05 and last traded at $14.10, with a volume of 57,203 shares changing hands. The stock had previously closed at $14.52.

A number of analysts have recently issued reports on APLP shares. Royal Bank Of Canada lowered their price objective on shares of Archrock Partners from $14.00 to $8.00 and set a “sector perform” rating on the stock in a report on Friday, August 5th. Zacks Investment Research upgraded shares of Archrock Partners from a “sell” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Tuesday, August 9th. Goldman Sachs Group Inc. upgraded shares of Archrock Partners from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $9.00 to $14.00 in a report on Tuesday, June 21st. Capital One Financial Corp. upgraded shares of 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. Finally, RBC Capital Markets restated a “sector perform” rating and set a $14.00 target price (up from $8.00) on shares of Archrock Partners in a report on Friday, August 5th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $14.89.

The company’s market capitalization is $855.50 million. The company has a 50-day moving average price of $14.21 and a 200-day moving average price of $12.00.

Archrock Partners (NASDAQ:APLP) last announced its earnings results on Thursday, August 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.08. The business had revenue of $140.05 million for the quarter, compared to analysts’ expectations of $146.04 million. During the same period in the prior year, the business earned $0.33 earnings per share. The company’s revenue for the quarter was down 16.5% compared to the same quarter last year. Equities analysts predict that Archrock Partners LP will post $0.55 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 15th. Stockholders of record on Tuesday, August 9th were given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 8.00%. The ex-dividend date of this dividend was Friday, August 5th.

An institutional investor recently bought a new position in Archrock Partners stock. Morgan Stanley bought a new stake in shares of Archrock Partners LP (NASDAQ:APLP) during the fourth quarter, according to its most recent disclosure with the SEC. The fund bought 1,187,887 shares of the company’s stock, valued at approximately $14,622,000. Morgan Stanley owned about 1.99% of Archrock Partners as of its most recent SEC filing.

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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