Equities analysts expect Archrock Partners, L.P. (NASDAQ:APLP) to post $0.10 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Archrock Partners, L.P.’s earnings, with the lowest EPS estimate coming in at $0.09 and the highest estimate coming in at $0.12. Archrock Partners, L.P. posted earnings of $0.16 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 37.5%. The business is expected to announce its next quarterly earnings results on Thursday, February 22nd.
According to Zacks, 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 year, analysts expect that the firm will post earnings of $0.86 per share, with EPS estimates ranging from $0.71 to $1.05. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Archrock Partners, L.P..
Archrock Partners, L.P. (NASDAQ:APLP) last issued its earnings results on Thursday, November 2nd. The energy company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.13). Archrock Partners, L.P. had a positive return on equity of 4.32% and a negative net margin of 3.10%. The firm had revenue of $140.19 million for the quarter, compared to analysts’ expectations of $141.37 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year.
A number of equities analysts have 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 report on Wednesday, September 27th. Zacks Investment Research cut Archrock Partners, L.P. from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Citigroup Inc. started coverage on Archrock Partners, L.P. in a report on Friday, October 13th. They issued a “neutral” rating and a $15.50 price target for the company. Finally, BidaskClub cut Archrock Partners, L.P. from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.13.
Shares of Archrock Partners, L.P. (NASDAQ APLP) remained flat at $$13.05 during trading hours on Thursday. The stock had a trading volume of 109,800 shares, compared to its average volume of 111,451. The company has a debt-to-equity ratio of 2.49, a quick ratio of 1.33 and a current ratio of 1.33. Archrock Partners, L.P. has a 1 year low of $12.43 and a 1 year high of $18.55. The firm has a market cap of $915.93, a PE ratio of 39.54, a PEG ratio of 3.05 and a beta of 2.29.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Wednesday, November 8th will be paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 8.74%. The ex-dividend date is Tuesday, November 7th. Archrock Partners, L.P.’s dividend payout ratio (DPR) is currently -422.21%.
Several institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of Archrock Partners, L.P. by 0.8% during the 1st quarter. JPMorgan Chase & Co. now owns 108,233 shares of the energy company’s stock valued at $1,857,000 after acquiring an additional 840 shares in the last quarter. Texas Yale Capital Corp. raised its position in shares of Archrock Partners, L.P. by 52.9% during the 2nd quarter. Texas Yale Capital Corp. now owns 18,565 shares of the energy company’s stock valued at $277,000 after acquiring an additional 6,425 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in Archrock Partners, L.P. in the second quarter worth $719,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Archrock Partners, L.P. by 5.9% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 481,055 shares of the energy company’s stock worth $7,173,000 after buying an additional 26,637 shares during the period. Finally, Atlantic Trust Group LLC increased its position in Archrock Partners, L.P. by 20.3% in the second quarter. Atlantic Trust Group LLC now owns 744,798 shares of the energy company’s stock worth $11,105,000 after buying an additional 125,919 shares during the period. Institutional investors own 41.11% of the company’s stock.
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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