Exterran Corp (EXTN) Downgraded to Sell at Zacks Investment Research

Exterran Corp (NYSE:EXTN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

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, Howard Weil downgraded shares of Exterran Corp from an “outperform” rating to a “sector perform” rating in a research report on Thursday, December 15th.

Exterran Corp (NYSE:EXTN) traded down 2.48% during mid-day trading on Monday, reaching $27.53. 244,621 shares of the company’s stock traded hands. The firm’s market cap is $979.57 million. The firm’s 50-day moving average price is $30.45 and its 200 day moving average price is $22.37. Exterran Corp has a one year low of $10.83 and a one year high of $34.05.

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Several hedge funds have recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan increased its stake in shares of Exterran Corp by 2.2% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,800 shares of the company’s stock valued at $122,000 after buying an additional 170 shares during the last quarter. Anchor Capital Advisors LLC increased its stake in shares of Exterran Corp by 2.2% in the third quarter. Anchor Capital Advisors LLC now owns 27,476 shares of the company’s stock valued at $431,000 after buying an additional 591 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Exterran Corp by 6.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,875 shares of the company’s stock valued at $403,000 after buying an additional 950 shares during the last quarter. New York State Teachers Retirement System increased its stake in shares of Exterran Corp by 1.6% in the fourth quarter. New York State Teachers Retirement System now owns 69,651 shares of the company’s stock valued at $1,665,000 after buying an additional 1,100 shares during the last quarter. Finally, Tudor Investment Corp Et Al increased its stake in shares of Exterran Corp by 10.3% in the fourth quarter. Tudor Investment Corp Et Al now owns 13,253 shares of the company’s stock valued at $317,000 after buying an additional 1,238 shares during the last quarter. Hedge funds and other institutional investors own 81.35% of the company’s stock.

Exterran Corp Company Profile

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.

5 Day Chart for NYSE:EXTN

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