Exterran Corp. (EXTN) Receives Consensus Recommendation of “Strong Buy” from Analysts
Shares of Exterran Corp. (NYSE:EXTN) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokerages have set a one year consensus target price of $20.50 for the company, according to Zacks. Zacks has also given Exterran Corp. an industry rank of 191 out of 265 based on the ratings given to its competitors.
Several brokerages have recently issued reports on EXTN. Howard Weil cut Exterran Corp. from a “focus stock” rating to a “sector outperform” rating and lowered their price target for the company from $22.00 to $20.00 in a research report on Wednesday, June 22nd. Scotiabank reiterated a “sector outperform” rating and set a $20.00 price target (down from $22.00) on shares of Exterran Corp. in a research report on Wednesday, June 22nd.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/10/12/exterran-corp-extn-receives-consensus-recommendation-of-strong-buy-from-analysts.html
Several institutional investors have recently modified their holdings of EXTN. Huntington Asset Advisors Inc. bought a new position in shares of Exterran Corp. during the first quarter worth about $116,000. Cubist Systematic Strategies LLC acquired a new position in shares of Exterran Corp. during the second quarter worth $134,000. Whittier Trust Co. increased its position in shares of Exterran Corp. by 1.2% in the second quarter. Whittier Trust Co. now owns 10,639 shares of the company’s stock worth $137,000 after buying an additional 130 shares in the last quarter. BlackRock Inc. increased its position in shares of Exterran Corp. by 239.8% in the second quarter. BlackRock Inc. now owns 10,704 shares of the company’s stock worth $137,000 after buying an additional 7,554 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Exterran Corp. by 88.9% in the second quarter. BNP Paribas Arbitrage SA now owns 11,506 shares of the company’s stock worth $148,000 after buying an additional 5,414 shares in the last quarter. Institutional investors and hedge funds own 80.31% of the company’s stock.
Shares of Exterran Corp. (NYSE:EXTN) traded up 0.12% on Wednesday, hitting $16.56. The stock had a trading volume of 24,839 shares. Exterran Corp. has a 12 month low of $10.83 and a 12 month high of $19.36. The stock has a market cap of $581.97 million and a P/E ratio of 12.29. The firm has a 50 day moving average of $14.74 and a 200 day moving average of $14.00.
About Exterran Corp.
Exterran Corporation is engaged in the provision of compression, production and processing products and services that support the production and transportation of oil and natural gas around the world. The Company operates through three segments: contract operations, aftermarket services and product sales.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Exterran Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exterran Corp. and related companies with MarketBeat.com's FREE daily email newsletter.