Zacks Investment Research upgraded shares of Archrock Partners, L.P. (NASDAQ:APLP) from a sell rating to a hold rating in a research note published on Friday.

According to Zacks, “Archrock Partners LP is a master limited partnership. The company provides natural gas contract compression services primarily in the United States. Archrock Partners LP, formerly known as Exterran Partners, L.P., is based in Houston, Texas. “

Other analysts also recently issued research reports about the company. Capital One Financial Corporation downgraded Archrock Partners, L.P. from an overweight rating to an equal weight rating in a research note on Friday, June 23rd. Royal Bank Of Canada restated a hold rating and set a $20.00 target price on shares of Archrock Partners, L.P. in a research note on Friday, April 21st. BidaskClub upgraded Archrock Partners, L.P. from a sell rating to a hold rating in a research note on Thursday. Finally, Goldman Sachs Group, Inc. (The) downgraded Archrock Partners, L.P. from a buy rating to a neutral rating and set a $18.00 target price for the company. in a research note on Monday, May 29th. Five analysts have rated the stock with a hold rating, Archrock Partners, L.P. currently has a consensus rating of Hold and a consensus target price of $18.33.

Archrock Partners, L.P. (NASDAQ:APLP) last released its quarterly earnings results on Tuesday, August 1st. The energy company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.04. The company had revenue of $138.30 million during the quarter, compared to the consensus estimate of $137.10 million. Archrock Partners, L.P. had a positive return on equity of 6.02% and a negative net margin of 2.49%. The firm’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 EPS.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Tuesday, August 8th will be paid a dividend of $0.285 per share. The ex-dividend date of this dividend is Friday, August 4th. This represents a $1.14 annualized dividend and a yield of 8.63%. Archrock Partners, L.P.’s payout ratio is -518.16%.

A number of hedge funds have recently made changes to their positions in APLP. Chicago Partners Investment Group LLC increased its stake in shares of Archrock Partners, L.P. by 1.6% in the first quarter. Chicago Partners Investment Group LLC now owns 22,853 shares of the energy company’s stock worth $392,000 after buying an additional 350 shares in the last quarter. Global X Management Co. LLC increased its stake in shares of Archrock Partners, L.P. by 3.7% in the first quarter. Global X Management Co. LLC now owns 13,454 shares of the energy company’s stock worth $231,000 after buying an additional 484 shares in the last quarter. Clinton Group Inc. increased its stake in shares of Archrock Partners, L.P. by 5.5% in the first quarter. Clinton Group Inc. now owns 12,925 shares of the energy company’s stock worth $222,000 after buying an additional 674 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Archrock Partners, L.P. by 0.8% in the first quarter. JPMorgan Chase & Co. now owns 108,233 shares of the energy company’s stock worth $1,857,000 after buying an additional 840 shares in the last quarter. Finally, Atlantic Trust Group LLC increased its stake in shares of Archrock Partners, L.P. by 1.0% in the first quarter. Atlantic Trust Group LLC now owns 618,879 shares of the energy company’s stock worth $10,620,000 after buying an additional 6,326 shares in the last quarter. Hedge funds and other institutional investors own 46.48% of the company’s stock.

Archrock Partners, L.P. Company Profile

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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