Archrock Partners LP (NASDAQ:APLP) CFO David S. Miller sold 797 shares of the stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $16.96, for a total transaction of $13,517.12. Following the transaction, the chief financial officer now directly owns 21,976 shares of the company’s stock, valued at $372,712.96. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Archrock Partners LP (NASDAQ:APLP) traded down 1.12% on Monday, reaching $16.75. 93,336 shares of the company traded hands. The stock’s 50-day moving average is $17.54 and its 200-day moving average is $16.14. Archrock Partners LP has a 1-year low of $9.61 and a 1-year high of $18.55. The stock’s market capitalization is $1.10 billion.
Archrock Partners (NASDAQ:APLP) last issued its earnings results on Thursday, February 23rd. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The business earned $135.40 million during the quarter, compared to analysts’ expectations of $138.06 million. Archrock Partners had a negative net margin of 22.89% and a positive return on equity of 9.80%. The business’s revenue for the quarter was down 16.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.19 earnings per share. Equities research analysts expect that Archrock Partners LP will post $0.65 EPS for the current year.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Boston Advisors LLC bought a new position in Archrock Partners during the third quarter valued at $3,357,000. Wells Fargo & Company MN boosted its position in Archrock Partners by 6.6% in the third quarter. Wells Fargo & Company MN now owns 158,656 shares of the company’s stock valued at $2,335,000 after buying an additional 9,814 shares during the last quarter. Morgan Stanley boosted its position in Archrock Partners by 6.9% in the third quarter. Morgan Stanley now owns 1,899,002 shares of the company’s stock valued at $27,954,000 after buying an additional 123,241 shares during the last quarter. Global X Management Co. LLC boosted its position 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 during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position 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 during the last quarter. 45.82% of the stock is owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research downgraded shares of Archrock Partners from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 25th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $15.67.
About Archrock Partners
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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