JPMorgan Chase & Co. raised its stake in shares of Archrock Partners, L.P. (NASDAQ:APLP) by 0.8% during the first quarter, Holdings Channel reports. The firm owned 108,233 shares of the energy company’s stock after buying an additional 840 shares during the period. JPMorgan Chase & Co.’s holdings in Archrock Partners, L.P. were worth $1,857,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Texas Yale Capital Corp. acquired a new stake in Archrock Partners, L.P. during the first quarter valued at approximately $208,000. Renaissance Technologies LLC increased its stake in Archrock Partners, L.P. by 311.8% in the fourth quarter. Renaissance Technologies LLC now owns 82,356 shares of the energy company’s stock valued at $1,321,000 after buying an additional 62,356 shares during the period. Guggenheim Capital LLC increased its stake in Archrock Partners, L.P. by 3.8% in the fourth quarter. Guggenheim Capital LLC now owns 156,396 shares of the energy company’s stock valued at $2,508,000 after buying an additional 5,766 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Archrock Partners, L.P. by 8.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 454,418 shares of the energy company’s stock valued at $7,798,000 after buying an additional 35,112 shares during the period. Finally, HITE Hedge Asset Management LLC increased its stake in Archrock Partners, L.P. by 5.2% in the fourth quarter. HITE Hedge Asset Management LLC now owns 1,028,435 shares of the energy company’s stock valued at $16,496,000 after buying an additional 50,894 shares during the period. 46.99% of the stock is currently owned by institutional investors and hedge funds.

Shares of Archrock Partners, L.P. (APLP) opened at 15.00 on Tuesday. The company’s market capitalization is $983.63 million. Archrock Partners, L.P. has a 12 month low of $12.43 and a 12 month high of $18.55. The stock’s 50 day moving average price is $15.12 and its 200 day moving average price is $16.48.

Archrock Partners, L.P. (NASDAQ:APLP) last posted its quarterly earnings data on Thursday, May 4th. The energy company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.10. Archrock Partners, L.P. had a negative net margin of 2.84% and a positive return on equity of 6.91%. The company had revenue of $137.29 million for the quarter, compared to analysts’ expectations of $139.76 million. During the same period in the previous year, the firm earned $0.18 earnings per share. The firm’s quarterly revenue was down 9.3% on a year-over-year basis. On average, analysts forecast that Archrock Partners, L.P. will post $0.39 EPS for the current year.

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Several equities research analysts have commented on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and set a $20.00 price objective on shares of Archrock Partners, L.P. in a report on Friday, April 21st. Zacks Investment Research downgraded shares of Archrock Partners, L.P. from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. Goldman Sachs Group, Inc. (The) downgraded shares of Archrock Partners, L.P. from a “buy” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a report on Monday, May 29th. Finally, Capital One Financial Corporation cut Archrock Partners, L.P. from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 23rd. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.00.

About Archrock Partners, L.P.

Archrock Partners, L.P. is engaged in natural gas compression industry in the United States. The Company’s contract operations services include designing, sourcing, owning, installing, operating, servicing, repairing and maintaining equipment to provide natural gas compression services to its customers.

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Institutional Ownership by Quarter for Archrock Partners, L.P. (NASDAQ:APLP)

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