Brokerages expect that Archrock Partners LP (NASDAQ:APLP) will announce sales of $142.57 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Archrock Partners’ earnings. The lowest sales estimate is $142.07 million and the highest is $143.07 million. Archrock Partners reported sales of $135.41 million in the same quarter last year, which indicates a positive year over year growth rate of 5.3%. The business is expected to announce its next earnings results before the market opens on Thursday, February 22nd.

According to Zacks, analysts expect that Archrock Partners will report full-year sales of $142.57 million for the current financial year, with estimates ranging from $557.81 million to $558.81 million. For the next financial year, analysts expect that the firm will report sales of $619.39 million per share, with estimates ranging from $612.00 million to $626.78 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Archrock Partners.

A number of equities research analysts recently weighed in on APLP shares. JPMorgan Chase & Co. lowered shares of Archrock Partners from an “overweight” rating to a “neutral” rating and set a $16.00 price target for the company. in a report on Thursday, January 4th. Royal Bank of Canada lowered shares of Archrock Partners from an “outperform” rating to a “sector perform” rating and set a $15.00 price target for the company. in a report on Wednesday, January 3rd. Zacks Investment Research lowered shares of Archrock Partners from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. Raymond James Financial reaffirmed a “market perform” rating on shares of Archrock Partners in a report on Thursday, January 18th. Finally, ValuEngine lowered shares of Archrock Partners from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $16.10.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its stake in Archrock Partners by 2.7% during the 2nd quarter. Royal Bank of Canada now owns 18,242 shares of the energy company’s stock valued at $272,000 after acquiring an additional 486 shares during the last quarter. Atlantic Trust Group LLC boosted its stake in Archrock Partners by 59.2% during the 3rd quarter. Atlantic Trust Group LLC now owns 1,185,888 shares of the energy company’s stock valued at $16,911,000 after acquiring an additional 441,090 shares during the last quarter. HITE Hedge Asset Management LLC boosted its stake in Archrock Partners by 63.5% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 1,842,984 shares of the energy company’s stock valued at $26,281,000 after acquiring an additional 715,440 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Archrock Partners by 2.1% during 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 acquiring an additional 10,049 shares during the last quarter. Finally, Chicago Partners Investment Group LLC bought a new position in Archrock Partners during the 3rd quarter valued at $338,000. Hedge funds and other institutional investors own 46.42% of the company’s stock.

Archrock Partners (NASDAQ APLP) traded down $0.29 on Tuesday, reaching $12.45. 708,475 shares of the company were exchanged, compared to its average volume of 230,543. The firm has a market cap of $875.19, a price-to-earnings ratio of -46.11, a price-to-earnings-growth ratio of 0.90 and a beta of 2.15. Archrock Partners has a 1-year low of $10.58 and a 1-year high of $18.34. The company has a debt-to-equity ratio of 2.49, a quick ratio of 1.33 and a current ratio of 1.33.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Thursday, February 8th will be paid a dividend of $0.285 per share. The ex-dividend date is Wednesday, February 7th. This represents a $1.14 dividend on an annualized basis and a yield of 9.16%. Archrock Partners’s dividend payout ratio (DPR) is -422.21%.

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About Archrock Partners

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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