Exterran Corp (NYSE:EXTN) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday. The brokerage presently has a $34.00 price target on the energy company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 14.56% from the stock’s current price.

According to Zacks, “Exterran Corporation is involved in compression, production and processing products and services of the oil and natural gas industry. The company’s product lines include natural gas compression, process & treating and production equipment and water treatment solutions. Exterran Corporation is headquartered in Houston, Texas. “

Separately, Scotiabank reaffirmed a “hold” rating and set a $28.00 price target on shares of Exterran Corp in a research note on Wednesday, March 22nd.

Shares of Exterran Corp (NYSE:EXTN) traded up 0.68% during mid-day trading on Monday, hitting $29.68. The stock had a trading volume of 274,674 shares. The firm’s market cap is $1.06 billion. Exterran Corp has a one year low of $10.83 and a one year high of $34.05. The company has a 50-day moving average of $29.22 and a 200 day moving average of $26.28.

Exterran Corp (NYSE:EXTN) last posted its quarterly earnings results on Wednesday, May 3rd. The energy company reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.56) by $0.69. Exterran Corp had a negative return on equity of 5.39% and a negative net margin of 17.15%. The company had revenue of $280.70 million during the quarter, compared to the consensus estimate of $260.60 million. On average, equities research analysts forecast that Exterran Corp will post ($0.39) earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of EXTN. State of Alaska Department of Revenue raised its position in shares of Exterran Corp by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 3,480 shares of the energy company’s stock worth $109,000 after buying an additional 90 shares in the last quarter. Huntington Asset Advisors Inc. acquired a new stake in Exterran Corp during the first quarter worth about $116,000. Municipal Employees Retirement System of Michigan raised its stake in Exterran Corp by 2.2% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,800 shares of the energy company’s stock worth $122,000 after buying an additional 170 shares during the period. Whittier Trust Co. raised its stake in Exterran Corp by 1.2% in the second quarter. Whittier Trust Co. now owns 10,639 shares of the energy company’s stock worth $137,000 after buying an additional 130 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in Exterran Corp by 88.9% in the second quarter. BNP Paribas Arbitrage SA now owns 11,506 shares of the energy company’s stock worth $148,000 after buying an additional 5,414 shares during the period. 81.35% of the stock is currently owned by institutional investors and hedge funds.

Exterran Corp Company Profile

Exterran Corporation provides 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 oil and gas product sales. The contract operations segment provides natural gas compression services, production and processing equipment services, and maintenance services to meet specific customer requirements on assets owned by it.

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