Wall Street analysts expect Archrock Partners, L.P. (NASDAQ:APLP) to announce earnings of $0.10 per share for the current quarter, according to Zacks. Two analysts have issued estimates for Archrock Partners, L.P.’s earnings. The lowest EPS estimate is $0.09 and the highest is $0.12. Archrock Partners, L.P. posted earnings per share of $0.16 during the same quarter last year, which indicates a negative year over year growth rate of 37.5%. The business is expected to issue its next earnings report on Thursday, February 22nd.
On average, analysts expect that Archrock Partners, L.P. will report full-year earnings of $0.29 per share for the current year, with EPS estimates ranging from $0.28 to $0.29. For the next fiscal year, analysts expect that the business will report earnings of $0.86 per share, with EPS estimates ranging from $0.71 to $1.05. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Archrock Partners, L.P..
Archrock Partners, L.P. (NASDAQ:APLP) last posted its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.13). Archrock Partners, L.P. had a negative net margin of 3.10% and a positive return on equity of 4.32%. The business had revenue of $140.19 million during the quarter, compared to the consensus estimate of $141.37 million. During the same quarter last year, the company posted $0.15 EPS. The firm’s revenue was up 3.5% on a year-over-year basis.
A number of equities research analysts recently weighed in on APLP shares. Royal Bank Of Canada restated a “buy” rating and issued a $19.00 price target on shares of Archrock Partners, L.P. in a research note on Wednesday, September 27th. Zacks Investment Research cut Archrock Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Monday, October 23rd. Citigroup Inc. started coverage on Archrock Partners, L.P. in a research note on Friday, October 13th. They issued a “neutral” rating and a $15.50 price target on the stock. Finally, BidaskClub cut Archrock Partners, L.P. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.13.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada grew its holdings in Archrock Partners, L.P. by 2.7% in the 2nd quarter. Royal Bank of Canada now owns 18,242 shares of the energy company’s stock valued at $272,000 after buying an additional 486 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Archrock Partners, L.P. by 0.8% in the 1st quarter. JPMorgan Chase & Co. now owns 108,233 shares of the energy company’s stock valued at $1,857,000 after buying an additional 840 shares in the last quarter. Texas Yale Capital Corp. grew its holdings in Archrock Partners, L.P. by 52.9% in the 2nd quarter. Texas Yale Capital Corp. now owns 18,565 shares of the energy company’s stock valued at $277,000 after buying an additional 6,425 shares in the last quarter. Americafirst Capital Management LLC acquired a new position in Archrock Partners, L.P. in the 2nd quarter valued at $146,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Archrock Partners, L.P. by 2.1% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 491,104 shares of the energy company’s stock valued at $7,003,000 after buying an additional 10,049 shares in the last quarter. 41.15% of the stock is currently owned by hedge funds and other institutional investors.
Archrock Partners, L.P. (NASDAQ APLP) traded up $0.04 on Thursday, reaching $13.05. The company had a trading volume of 53,400 shares, compared to its average volume of 101,857. Archrock Partners, L.P. has a twelve month low of $12.43 and a twelve month high of $18.55. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 2.49. The company has a market cap of $915.93, a PE ratio of 39.55, a PEG ratio of 3.05 and a beta of 2.29.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Investors of record on Wednesday, November 8th will be paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 8.74%. The ex-dividend date is Tuesday, November 7th. Archrock Partners, L.P.’s dividend payout ratio (DPR) is presently -422.21%.
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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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