Archrock Partners LP (NASDAQ:APLP) has been downgraded to Hold in a statement by Zacks Investment Research today.
- Updated: October 12, 2016
Yesterday Archrock Partners LP (NASDAQ:APLP) traded -1.40% lower at $15.48. Archrock Partners LP’s 50-day moving average is $14.83 and its 200-day moving average is $13.63. The last stock price is up 13.56% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 133,248 shares of APLP traded hands, up from an average trading volume of 119,506
Zacks Investment Research has downgraded Archrock Partners LP (NASDAQ:APLP) to Hold in a report released on 10/12/2016.
Previously on 8/5/2016, RBC Capital Markets released a statement for Archrock Partners LP (NASDAQ:APLP) raised the target price from $8.00 to $14.00 that suggested an upside of 0%.
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Archrock Partners LP has a with a one year low of $5.36 and a one year high of $20.96 APLP’s total market value is presently $0.
A total of 8 brokers have issued a research note on the stock. 0 firms rating the stock a strong buy, three equity analysts rating the stock a buy, 5 brokerages rating the company a hold, zero analysts rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $16.81.
Brief Synopsis On Archrock Partners LP (NASDAQ:APLP)
Archrock Partners, L.P., formerly Exterran Partners, L.P., is engaged in the United States natural gas compression business. The Company provides contract operations services, including the personnel, equipment, tools, materials and supplies to meet its customers' natural gas compression needs. The Company's contract operations services primarily include designing, sourcing, owning, installing, operating, servicing, repairing and maintaining equipment to provide natural gas compression services to its customers. Its Company's natural gas compressor fleet includes approximately 6,490 units, with a total aggregate horsepower of over 3,320,000. Its customers include various companies engaged in various aspects of the oil and natural gas industry, including natural gas producers, processors, gatherers, transporters and storage providers. The Company's general partner, Archrock General Partner, L.P., conducts its business and manages its operations through Archrock Partners Operating LLC.
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