Archrock Partners LP (APLP) is Reiterated by RBC Capital Mkts to Sector Perform, Raises Price Target to $ 14

Archrock Partners LP (APLP) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 14 from a previous price target of $8 . RBC Capital Mkts advised their investors in a research report released on Aug 5, 2016.

Many Wall Street Analysts have commented on Archrock Partners LP. Archrock Partners LP was Upgraded by Goldman to ” Buy” on Jun 21, 2016. Archrock Partners LP was Upgraded by CapitalOne to ” Overweight” on Jun 21, 2016.

On the company’s financial health, Archrock Partners LP reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.13. The company had revenue of $140.05 million for the quarter, compared to analysts expectations of $146.10 million. The company’s revenue was down -16.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.33 EPS.

In a different news, on Nov 5, 2015, Daniel K Schlanger (Senior Vice President) sold 2,750 shares at $30.53 per share price.

Archrock Partners LP formerly Exterran Partners L.P. provides natural gas contract operations services. 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. It provides contract operations services including the personnel equipment tools materials and supplies. The Company’s general partner Exterran General Partner L.P. conducts the Company’s business and manages its operations which are conducted through its wholly owned limited liability company EXLP Operating LLC. It caters to companies engaged in various aspects of the oil and natural gas industry including natural gas producers processors gatherers transporters and storage providers. Some of its customers are also Exterran Holdings’ contract operations services customers.

Archrock Partners LP

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