Pin Oak Investment Advisors Inc. Invests $541,000 in Archrock Partners LP (APLP)

Pin Oak Investment Advisors Inc. acquired a new stake in Archrock Partners LP (NASDAQ:APLP) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 45,400 shares of the energy company’s stock, valued at approximately $541,000. Pin Oak Investment Advisors Inc. owned 0.06% of Archrock Partners as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in APLP. Bell & Brown Wealth Advisors LLC acquired a new position in Archrock Partners in the 4th quarter valued at $119,000. Raymond James Trust N.A. acquired a new position in shares of Archrock Partners during the 4th quarter worth $163,000. Franklin Square Holdings L.P. acquired a new position in shares of Archrock Partners during the 3rd quarter worth $214,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Archrock Partners during the 3rd quarter worth $218,000. Finally, Chicago Partners Investment Group LLC acquired a new position in shares of Archrock Partners during the 3rd quarter worth $338,000. 45.33% of the stock is currently owned by institutional investors.

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Shares of Archrock Partners LP (NASDAQ APLP) opened at $12.74 on Friday. Archrock Partners LP has a 1 year low of $10.58 and a 1 year high of $17.42. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 2.64. The company has a market cap of $881.67, a PE ratio of -1,272.73, a P/E/G ratio of 1.01 and a beta of 2.03.

Archrock Partners (NASDAQ:APLP) last released its quarterly earnings data on Thursday, February 22nd. The energy company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.08 by $0.02. Archrock Partners had a negative net margin of 0.08% and a positive return on equity of 3.74%. The business had revenue of $141.76 million for the quarter, compared to analyst estimates of $142.97 million. During the same period in the previous year, the firm earned $0.16 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. analysts anticipate that Archrock Partners LP will post 0.83 earnings per share for the current fiscal year.

A number of equities analysts have recently weighed in on APLP shares. BidaskClub cut shares of Archrock Partners from a “hold” rating to a “sell” rating in a research note on Thursday. JPMorgan Chase & Co. cut shares of Archrock Partners from an “overweight” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research note on Thursday, January 4th. Zacks Investment Research raised shares of Archrock Partners from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Raymond James Financial reaffirmed a “market perform” rating on shares of Archrock Partners in a research note on Thursday, January 18th. Finally, ValuEngine cut shares of Archrock Partners from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Archrock Partners has a consensus rating of “Hold” and an average price target of $16.50.

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Archrock Partners Company Profile

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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Institutional Ownership by Quarter for Archrock Partners (NASDAQ:APLP)

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