SG Americas Securities LLC acquired a new position in Archrock Partners, L.P. (NASDAQ:APLP) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 239,700 shares of the energy company’s stock, valued at approximately $3,418,000. SG Americas Securities LLC owned approximately 0.34% of Archrock Partners, L.P. at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of APLP. Americafirst Capital Management LLC purchased a new position in shares of Archrock Partners, L.P. in the 2nd quarter worth about $146,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Archrock Partners, L.P. during the 3rd quarter valued at about $218,000. Royal Bank of Canada boosted its holdings in Archrock Partners, L.P. 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 period. Texas Yale Capital Corp. boosted its holdings in 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 during the period. Finally, Marshall Wace North America L.P. purchased a new stake in Archrock Partners, L.P. during the 2nd quarter valued at about $719,000. Hedge funds and other institutional investors own 42.96% of the company’s stock.

Archrock Partners, L.P. (NASDAQ:APLP) traded down $0.13 on Tuesday, reaching $11.70. The company’s stock had a trading volume of 292,600 shares, compared to its average volume of 112,215. The company has a market cap of $830.30, a price-to-earnings ratio of 35.85, a price-to-earnings-growth ratio of 2.77 and a beta of 2.29. The company has a debt-to-equity ratio of 2.49, a current ratio of 1.33 and a quick ratio of 1.33. Archrock Partners, L.P. has a fifty-two week low of $11.60 and a fifty-two week high of $18.55.

Archrock Partners, L.P. (NASDAQ:APLP) last released its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.13). The business had revenue of $140.19 million for the quarter, compared to the consensus estimate of $141.37 million. Archrock Partners, L.P. had a negative net margin of 3.10% and a positive return on equity of 4.32%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 EPS. analysts anticipate that Archrock Partners, L.P. will post 0.28 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Shareholders of record on Wednesday, November 8th were given a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a yield of 9.74%. The ex-dividend date of this dividend was Tuesday, November 7th. Archrock Partners, L.P.’s payout ratio is -438.46%.

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APLP has been the subject of several analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $19.00 target price on shares of Archrock Partners, L.P. in a report on Wednesday, September 27th. Zacks Investment Research upgraded Archrock Partners, L.P. from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Tuesday, October 3rd. BidaskClub upgraded Archrock Partners, L.P. from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, Citigroup Inc. began coverage on Archrock Partners, L.P. in a report on Friday, October 13th. They set a “neutral” rating and a $15.50 target price for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Archrock Partners, L.P. presently has an average rating of “Hold” and a consensus target price of $17.13.

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.

Institutional Ownership by Quarter for Archrock Partners, L.P. (NASDAQ:APLP)

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