Exterran Partners Upgraded to Outperform by Credit Suisse (EXLP)
Exterran Partners (NASDAQ:EXLP) was upgraded by Credit Suisse from a “neutral” rating to an “outperform” rating in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm currently has a $32.00 price objective on the stock, up from their previous price objective of $31.00. Credit Suisse’s target price indicates a potential upside of 12.24% from the stock’s previous close.
The analysts wrote, “EXLP reported 4Q Adjusted EBITDA and DCF of $58.8mm and $37.8mm, in-line with our estimates of $57.3mm and $36.1mm, respectively and higher than Street’s EBITDA expectations of $55.8mm. 4Q13 gross margin and average utilization came in at 55.7% and 94%, respectively, in line with expectations.”
Exterran Partners (NASDAQ:EXLP) opened at 28.51 on Wednesday. Exterran Partners has a 52 week low of $22.71 and a 52 week high of $32.39. The stock has a 50-day moving average of $29.08 and a 200-day moving average of $28.73. The company has a market cap of $1.409 billion and a P/E ratio of 22.18.
Exterran Partners (NASDAQ:EXLP) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.26 by $0.03. The company had revenue of $118.90 million for the quarter, compared to the consensus estimate of $118.58 million. On average, analysts predict that Exterran Partners will post $1.26 earnings per share for the current fiscal year.
Exterran Partners, L.P. provides natural gas contract operations services to customers throughout the United States.
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