Archrock Partners LP (NASDAQ:APLP) has received an average rating of “Buy” from the nine brokerages that are currently covering the stock. Three research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $14.13.

A number of equities analysts have recently issued reports on APLP shares. Zacks Investment Research upgraded Archrock Partners from a “hold” rating to a “strong-buy” rating and set a $17.00 price objective for the company in a research report on Tuesday, October 18th. Royal Bank Of Canada lowered their price objective on Archrock Partners from $14.00 to $8.00 and set a “sector perform” rating for the company in a research report on Friday, August 5th. RBC Capital Markets restated a “sector perform” rating and set a $14.00 price objective (up from $8.00) on shares of Archrock Partners in a research report on Friday, August 5th. Finally, Credit Suisse Group AG set a $17.00 price objective on Archrock Partners and gave the stock a “buy” rating in a research report on Friday, August 5th.

Shares of Archrock Partners (NASDAQ:APLP) opened at 16.55 on Monday. The stock has a 50 day moving average price of $15.26 and a 200 day moving average price of $14.33. Archrock Partners has a 12-month low of $5.36 and a 12-month high of $17.50. The firm’s market cap is $993.58 million.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Thursday, November 10th were issued a dividend of $0.285 per share. The ex-dividend date of this dividend was Tuesday, November 8th. This represents a $1.14 annualized dividend and a dividend yield of 6.89%. Archrock Partners’s dividend payout ratio is -49.78%.

Several large investors have recently added to or reduced their stakes in APLP. Global X Management Co. LLC increased its stake in Archrock Partners by 2.5% in the third quarter. Global X Management Co. LLC now owns 12,390 shares of the company’s stock valued at $182,000 after buying an additional 302 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in Archrock Partners by 2.0% in the third quarter. Chicago Partners Investment Group LLC now owns 22,119 shares of the company’s stock valued at $326,000 after buying an additional 426 shares in the last quarter. Mariner Wealth Advisors LLC increased its stake in Archrock Partners by 2.3% in the second quarter. Mariner Wealth Advisors LLC now owns 20,461 shares of the company’s stock valued at $277,000 after buying an additional 461 shares in the last quarter. Clinton Group Inc. increased its stake in Archrock Partners by 6.3% in the second quarter. Clinton Group Inc. now owns 16,911 shares of the company’s stock valued at $229,000 after buying an additional 1,004 shares in the last quarter. Finally, Barclays PLC increased its stake in Archrock Partners by 4.4% in the first quarter. Barclays PLC now owns 61,241 shares of the company’s stock valued at $674,000 after buying an additional 2,566 shares in the last quarter. Hedge funds and other institutional investors own 44.43% of the company’s stock.

Archrock Partners Company Profile

Archrock Partners, L.P., formerly Exterran Partners, L.P., is engaged in the United States natural gas compression business. The Company provides contract operations services, including the personnel, equipment, tools, materials and supplies to meet its customers’ natural gas compression needs. The Company’s contract operations services primarily include designing, sourcing, owning, installing, operating, servicing, repairing and maintaining equipment to provide natural gas compression services to its customers.

5 Day Chart for NASDAQ:APLP

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