The stock of Archrock Partners LP (NASDAQ:APLP) is a huge mover today! The stock decreased 1.67% or $0.25 on September 30, hitting $14.72. About 63,899 shares traded hands. Archrock Partners LP (NASDAQ:APLP) has risen 115.20% since February 29, 2016 and is uptrending. It has outperformed by 104.78% the S&P500.
The move comes after 9 months negative chart setup for the $879.61 million company. It was reported on Oct, 1 by Barchart.com. We have $13.54 PT which if reached, will make NASDAQ:APLP worth $70.37M less.
Analysts await Archrock Partners LP (APLP) to report earnings on November, 1. They expect $0.11 EPS, down 52.17% or $0.12 from last year’s $0.23 per share. APLP’s profit will be $6.57M for 33.45 P/E if the $0.11 EPS becomes a reality. After $0.21 actual EPS reported by Archrock Partners LP for the previous quarter, Wall Street now forecasts -47.62% negative EPS growth.
Archrock Partners LP (NASDAQ:APLP) Ratings Coverage
Out of 3 analysts covering Archrock Partners L.P. – Common Units representing Limited Partner Interests (NASDAQ:APLP), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Archrock Partners L.P. – Common Units representing Limited Partner Interests has been the topic of 5 analyst reports since November 9, 2015 according to StockzIntelligence Inc. The stock has “Equal-Weight” rating given by Barclays Capital on Monday, November 9. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, August 5 report. The firm has “Buy” rating given on Tuesday, June 21 by Goldman Sachs.
According to Zacks Investment Research, “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.”
More notable recent Archrock Partners LP (NASDAQ:APLP) news were published by: Reuters.com which released: “BRIEF-Archrock Partners LP files for mixed shelf of up to $500 mln” on September 27, 2016, also Marketwatch.com with their article: “/quotes/zigman/3870025/realtime” published on November 04, 2015, Businesswire.com published: “Archrock, Inc. Completes Spin-Off of Exterran Corporation” on November 04, 2015. More interesting news about Archrock Partners LP (NASDAQ:APLP) were released by: Businesswire.com and their article: “Archrock, Inc. and Archrock Partners, L.P. Fourth-Quarter 2015 Conference Call” published on February 17, 2016 as well as Moodys.com‘s news article titled: “Moody’s downgrades Archrock Partners to B1; negative outlook” with publication date: March 14, 2016.
APLP Company Profile
Archrock Partners, L.P., formerly Exterran Partners, L.P., incorporated on June 14, 2006, is engaged in the United States natural gas compression business. The Firm provides contract activities services, including the personnel, equipment, tools, materials and supplies to meet its customers’ natural gas compression needs. The Company’s contract activities services primarily include designing, sourcing, owning, installing, operating, servicing, repairing and maintaining equipment to provide natural gas compression services to its customers.
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