Archrock Partners (NASDAQ:APLP) Change of Rating
New York-listed Archrock Partners (NASDAQ:APLP), was cut by investment analysts at RBC Capital. RBC Capital cut its rating on the $826.79M market cap company to “Sector Perform” from a previous “Outperform”.
The firm’s rating downgrade was most probably noticed by stock speculators, as NASDAQ:APLP is right now trading -3.92% lower at $11.78 as of 6:04 PM New York time. Archrock Partners shares have [From2] 0% over the past 200 days, while the S&P500 has surged 6.00% over the same time period.
Out of 8 analysts covering Archrock Partners, 3 rate it a Buy, 5 indicate a Hold while 0 suggest a Sell. The highest target is $45 and the lowest is $8 according to Thomson/First Call. The 12-month mean target is $16.81, which means upside potential of 42.70% over the current price.
Archrock Partners (NASDAQ:APLP) 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. It provides contract operations services, including the personnel, equipment, tools, materials and supplies to meet its customers’ natural gas compression needs.
Archrock Partners (NASDAQ:APLP) traded down -3.92% on 3 January, hitting $11.78. A total of 149,922 shares of the company’s stock traded hands. This is up from average of 89,110 shares. Archrock Partners has a 52 week low of $11.71 and a 52 week high of $18.55. The company has a market cap of $826.79 million and a P/E ratio of 0.
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