Archrock Partners, L.P. (APLP) Releases Earnings Results, Beats Estimates By $0.04 EPS

Archrock Partners, L.P. (NASDAQ:APLP) posted its quarterly earnings data on Tuesday, August 1st. The energy company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.04, Bloomberg Earnings reports. The firm had revenue of $138.30 million for the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.21 EPS.

Shares of Archrock Partners, L.P. (NASDAQ:APLP) opened at 13.22 on Friday. The firm’s market capitalization is $866.97 million. Archrock Partners, L.P. has a 1-year low of $12.43 and a 1-year high of $18.55. The company has a 50-day moving average price of $14.36 and a 200 day moving average price of $15.86.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Tuesday, August 8th were paid a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 8.62%. The ex-dividend date was Friday, August 4th. Archrock Partners, L.P.’s dividend payout ratio (DPR) is presently -518.16%.

Several institutional investors have recently bought and sold shares of APLP. Texas Yale Capital Corp. purchased a new position in Archrock Partners, L.P. during the first quarter worth about $208,000. Goldman Sachs Group Inc. boosted its position in Archrock Partners, L.P. by 5.2% in the first quarter. Goldman Sachs Group Inc. now owns 3,560,831 shares of the energy company’s stock worth $61,104,000 after buying an additional 175,315 shares during the last quarter. OppenheimerFunds Inc. boosted its position in Archrock Partners, L.P. by 7.1% in the first quarter. OppenheimerFunds Inc. now owns 7,907,881 shares of the energy company’s stock worth $135,699,000 after buying an additional 524,530 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position 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 worth $7,798,000 after buying an additional 35,112 shares during the last quarter. Finally, Global X Management Co. LLC boosted its position in 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 during the last quarter. Hedge funds and other institutional investors own 43.78% of the company’s stock.

APLP has been the topic of several recent research reports. 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. Royal Bank Of Canada reissued a “hold” rating and set a $20.00 target price on shares of Archrock Partners, L.P. in a report on Friday, April 21st. Zacks Investment Research raised Archrock Partners, L.P. from a “sell” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub raised Archrock Partners, L.P. from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Goldman Sachs Group, Inc. (The) lowered Archrock Partners, L.P. from a “buy” rating to a “neutral” rating and set a $18.00 target price on the stock. in a report on Monday, May 29th. Five investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus price target of $18.33.

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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.

Earnings History for Archrock Partners, L.P. (NASDAQ:APLP)

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