Millennium Management LLC Has $6.30 Million Stake in Exterran Corp (EXTN)

Millennium Management LLC decreased its position in Exterran Corp (NYSE:EXTN) by 44.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 251,747 shares of the energy company’s stock after selling 198,526 shares during the period. Millennium Management LLC owned 0.70% of Exterran worth $6,304,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp boosted its position in shares of Exterran by 49.8% during the first quarter. Northern Trust Corp now owns 715,413 shares of the energy company’s stock valued at $19,102,000 after buying an additional 237,681 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Exterran by 18.7% during the first quarter. JPMorgan Chase & Co. now owns 666,354 shares of the energy company’s stock valued at $17,792,000 after buying an additional 104,869 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Exterran by 5.7% during the first quarter. Russell Investments Group Ltd. now owns 51,660 shares of the energy company’s stock valued at $1,380,000 after buying an additional 2,803 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Exterran by 2.5% during the first quarter. Principal Financial Group Inc. now owns 252,704 shares of the energy company’s stock valued at $6,747,000 after buying an additional 6,184 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in shares of Exterran by 122.0% during the first quarter. Allianz Asset Management GmbH now owns 28,945 shares of the energy company’s stock valued at $773,000 after buying an additional 15,905 shares during the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.

EXTN has been the topic of several analyst reports. ValuEngine cut Exterran from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. Zacks Investment Research raised Exterran from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th. Finally, AltaCorp Capital reiterated an “outperform” rating on shares of Exterran in a report on Tuesday, July 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Exterran has a consensus rating of “Hold” and an average target price of $27.00.

Shares of Exterran stock opened at $25.75 on Friday. The firm has a market cap of $958.40 million, a P/E ratio of -66.03 and a beta of 0.88. Exterran Corp has a 12 month low of $24.15 and a 12 month high of $33.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.93 and a current ratio of 1.30.

Exterran (NYSE:EXTN) last issued its quarterly earnings results on Monday, August 6th. The energy company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.06). The business had revenue of $343.47 million for the quarter, compared to the consensus estimate of $326.75 million. Exterran had a return on equity of 1.70% and a net margin of 1.14%. Research analysts anticipate that Exterran Corp will post 0.65 EPS for the current year.

Exterran Company Profile

Exterran Corporation engages in the compression, production, and processing of products and services for the oil and natural gas industry worldwide. The company operates through three segments: contract Operations, Aftermarket Services, and Product Sales. Its contract operation services include personnel, equipment, tools, materials, and supplies.

See Also: How to Profit and Limit Losses With Stop Orders

Institutional Ownership by Quarter for Exterran (NYSE:EXTN)

Receive News & Ratings for Exterran Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exterran and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply