Exterran Corporation (EXTN) Lifted to “Buy” at BidaskClub
Exterran Corporation (NYSE:EXTN) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.
EXTN has been the topic of several other research reports. Zacks Investment Research downgraded shares of Exterran Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 29th. ValuEngine raised shares of Exterran Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.00.
Shares of Exterran Corporation (EXTN) traded up 0.58% during midday trading on Friday, reaching $29.25. 495,399 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $26.84 and its 200-day moving average is $27.98. The stock’s market cap is $1.05 billion. Exterran Corporation has a 12-month low of $13.28 and a 12-month high of $34.05.
Exterran Corporation (NYSE:EXTN) last announced its earnings results on Monday, August 7th. The energy company reported ($0.16) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.53) by $0.37. Exterran Corporation had a negative net margin of 1.45% and a negative return on equity of 5.57%. The business had revenue of $330.59 million for the quarter, compared to the consensus estimate of $329.50 million. On average, equities analysts expect that Exterran Corporation will post $0.09 EPS for the current year.
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Several institutional investors and hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its stake in Exterran Corporation by 4.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,940 shares of the energy company’s stock worth $105,000 after buying an additional 150 shares during the period. Pacad Investment Ltd. purchased a new position in Exterran Corporation in the 2nd quarter worth about $107,000. Meeder Asset Management Inc. purchased a new position in Exterran Corporation in the 2nd quarter worth about $134,000. State of Alaska Department of Revenue increased its stake in Exterran Corporation by 79.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,255 shares of the energy company’s stock worth $167,000 after buying an additional 2,775 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in Exterran Corporation by 13.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,418 shares of the energy company’s stock worth $202,000 after buying an additional 739 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.
Exterran Corporation 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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