Archrock Partners, L.P. (NASDAQ:APLP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The firm currently has a $16.00 price target on the energy company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 12.99% from the company’s previous close.

According to Zacks, “Archrock Partners LP is a master limited partnership. The company provides natural gas contract compression services primarily in the United States. Archrock Partners LP, formerly known as Exterran Partners, L.P., is based in Houston, Texas. “

Other research analysts have also issued research reports about the company. Royal Bank Of Canada restated a “buy” rating and set a $19.00 target price on shares of Archrock Partners, L.P. in a research report on Wednesday, September 27th. Capital One Financial Corporation lowered Archrock Partners, L.P. from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 23rd. Finally, BidaskClub upgraded Archrock Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Archrock Partners, L.P. presently has a consensus rating of “Hold” and a consensus target price of $17.67.

Shares of Archrock Partners, L.P. (NASDAQ:APLP) opened at 14.16 on Tuesday. The firm has a 50-day moving average price of $13.71 and a 200 day moving average price of $14.98. Archrock Partners, L.P. has a 12-month low of $12.56 and a 12-month high of $18.55. The stock’s market cap is $928.61 million.

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 positive return on equity of 6.02% and a negative net margin of 2.49%. The business had revenue of $138.30 million during the quarter, compared to analyst estimates of $137.10 million. During the same quarter in the previous 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. Equities research analysts expect that Archrock Partners, L.P. will post $0.47 earnings per share for the current year.

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Several large investors have recently made changes to their positions in APLP. Americafirst Capital Management LLC purchased a new position in shares of Archrock Partners, L.P. during the second quarter valued at approximately $146,000. Clinton Group Inc. boosted its position in shares of Archrock Partners, L.P. by 5.5% during the first quarter. Clinton Group Inc. now owns 12,925 shares of the energy company’s stock valued at $222,000 after buying an additional 674 shares during the period. Global X Management Co. LLC boosted its position in shares of Archrock Partners, L.P. by 3.7% during the first quarter. Global X Management Co. LLC now owns 13,454 shares of the energy company’s stock valued at $231,000 after buying an additional 484 shares during the period. Royal Bank of Canada boosted its position in shares of Archrock Partners, L.P. by 2.7% during the second 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 during the period. Finally, Texas Yale Capital Corp. boosted its position in shares of Archrock Partners, L.P. by 52.9% during the second 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 during the period. Institutional investors and hedge funds own 41.17% 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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