Archrock Partners, L.P. (NASDAQ:APLP) announced a quarterly dividend on Monday, October 23rd, Wall Street Journal reports. Shareholders of record on Wednesday, November 8th will be paid a dividend of 0.285 per share by the energy company on Tuesday, November 14th. This represents a $1.14 annualized dividend and a yield of 8.60%. The ex-dividend date of this dividend is Tuesday, November 7th.

Archrock Partners, L.P. (NASDAQ:APLP) last announced its earnings results on Tuesday, August 1st. The energy company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.04. Archrock Partners, L.P. had a negative net margin of 2.49% and a positive return on equity of 6.02%. The business had revenue of $138.30 million for the quarter, compared to analyst estimates of $137.10 million. During the same quarter last year, the business earned $0.21 earnings per share. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year.

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Several brokerages have recently issued reports on APLP. BidaskClub upgraded shares of Archrock Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research lowered shares of Archrock Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Royal Bank Of Canada restated a “buy” rating and set a $19.00 price target on shares of Archrock Partners, L.P. in a research report on Wednesday, September 27th. Finally, Citigroup Inc. assumed coverage on shares of Archrock Partners, L.P. in a research report on Friday, October 13th. They set a “neutral” rating and a $15.50 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $17.13.

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.

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

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