Shares of Archrock Partners LP (NASDAQ:APLP) traded 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 traded. The stock had previously closed at $14.52.

A number of analysts have issued reports on the company. JPMorgan Chase & Co. reissued a “buy” rating and issued a $17.00 price target on shares of Archrock Partners in a research note on Thursday, May 5th. Zacks Investment Research lowered Archrock Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Credit Suisse Group AG set a $17.00 price objective on Archrock Partners and gave the company a “buy” rating in a research note on Friday, August 5th. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $14.00 price objective (up from $8.00) on shares of Archrock Partners in a research note on Friday, August 5th. Finally, Capital One Financial Corp. raised Archrock Partners from an “equal weight” rating to an “overweight” rating and set a $15.00 price objective on the stock in a research note on Tuesday, June 21st. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $14.89.

The company’s 50 day moving average is $14.22 and its 200 day moving average is $12.05. The company’s market cap is $868.11 million.

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, topping analysts’ consensus estimates of $0.13 by $0.08. The company had revenue of $140.05 million for the quarter, compared to analyst estimates of $146.04 million. The firm’s revenue for the quarter was down 16.5% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share. Analysts predict that Archrock Partners LP will post $0.55 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 15th. Investors of record on Tuesday, August 9th were given a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 7.88%. The ex-dividend date was Friday, August 5th.

A hedge fund recently bought a new stake in Archrock Partners stock. Morgan Stanley purchased a new stake in shares of Archrock Partners LP (NASDAQ:APLP) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,187,887 shares of the company’s stock, valued at approximately $14,622,000. Morgan Stanley owned 1.99% of Archrock Partners at the end of the most recent reporting period.

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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