Market Runner: Archrock Partners LP Has Another Very Strong Trading Session

Market Runner: Archrock Partners LP Has Another Very Strong Trading Session

The stock of Archrock Partners LP (NASDAQ:APLP) is a huge mover today! The stock increased 4.76% or $0.7 on October 3, hitting $15.42. About 120,297 shares traded hands. Archrock Partners LP (NASDAQ:APLP) has risen 115.20% since February 29, 2016 and is uptrending. It has outperformed by 102.99% the S&P500.
The move comes after 6 months positive chart setup for the $910.29 million company. It was reported on Oct, 4 by Barchart.com. We have $25.91 PT which if reached, will make NASDAQ:APLP worth $619.00M more.

Analysts await Archrock Partners LP (NASDAQ:APLP) to report earnings on November, 1. They expect $0.11 earnings per share, down 52.17% or $0.12 from last year’s $0.23 per share. APLP’s profit will be $6.49M for 35.05 P/E if the $0.11 EPS becomes a reality. After $0.21 actual earnings per share 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. Barclays Capital maintained it with “Equal-Weight” rating and $21 target price in Monday, November 9 report. The stock of Archrock Partners LP (NASDAQ:APLP) has “Sector Perform” rating given on Friday, August 5 by RBC Capital Markets. Goldman Sachs upgraded it to “Buy” rating and $14 target price in Tuesday, June 21 report.

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: “Virtual Stock Exchange” 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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