Archrock Partners LP (APLP) : Concannon Wealth Management added new position in Archrock Partners LP during the most recent quarter end. The investment management firm now holds 275 shares of Archrock Partners LP which is valued at $3,655 , the company said in a statement filed on Aug 2, 2016 with the SEC.
Other Hedge Funds, Including , Arrow Investment Advisors boosted its stake in APLP in the latest quarter, The investment management firm added 10,400 additional shares and now holds a total of 60,368 shares of Archrock Partners LP which is valued at $856,622. Archrock Partners LP makes up approx 0.18% of Arrow Investment Advisors’s portfolio.Creative Planning boosted its stake in APLP in the latest quarter, The investment management firm added 4,100 additional shares and now holds a total of 4,520 shares of Archrock Partners LP which is valued at $62,240.Davenport Co boosted its stake in APLP in the latest quarter, The investment management firm added 17,200 additional shares and now holds a total of 29,000 shares of Archrock Partners LP which is valued at $399,330. Archrock Partners LP makes up approx 0.01% of Davenport Co’s portfolio.
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.
Many Wall Street Analysts have commented on Archrock Partners LP. Company shares were Reiterated by RBC Capital Mkts on Aug 5, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 14 from a previous price target of $8 .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.
Archrock Partners LP formerly Exterran Partners L.P. provides natural gas contract operations services. The Companys 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 Companys general partner Exterran General Partner L.P. conducts the Companys 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.