Exterran Corporation (EXTN) Rating Lowered to Buy at BidaskClub

Exterran Corporation (NYSE:EXTN) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Separately, Zacks Investment Research raised shares of Exterran Corporation from a “hold” rating to a “strong-buy” rating and set a $31.00 price target for the company in a report on Tuesday, July 4th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $30.00.

Exterran Corporation (NYSE:EXTN) opened at 31.66 on Wednesday. The stock has a 50 day moving average of $29.86 and a 200-day moving average of $28.36. Exterran Corporation has a one year low of $14.51 and a one year high of $34.05. The stock’s market cap is $1.13 billion.

Exterran Corporation (NYSE:EXTN) last posted its quarterly earnings data on Monday, August 7th. The energy company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.53) by $0.37. The business had revenue of $330.59 million during the quarter, compared to the consensus estimate of $329.50 million. Exterran Corporation had a negative net margin of 1.45% and a negative return on equity of 5.57%. Analysts anticipate that Exterran Corporation will post $0.06 EPS for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the business. Louisiana State Employees Retirement System lifted its holdings in Exterran Corporation by 0.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 12,900 shares of the energy company’s stock valued at $344,000 after acquiring an additional 100 shares during the last quarter. Arizona State Retirement System lifted its holdings in Exterran Corporation by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 16,490 shares of the energy company’s stock valued at $440,000 after acquiring an additional 100 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in Exterran Corporation by 2.0% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 7,150 shares of the energy company’s stock valued at $225,000 after acquiring an additional 140 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings 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 valued at $105,000 after acquiring an additional 150 shares during the last quarter. Finally, Martingale Asset Management L P lifted its holdings in Exterran Corporation by 0.4% in the 2nd quarter. Martingale Asset Management L P now owns 52,325 shares of the energy company’s stock valued at $1,398,000 after acquiring an additional 200 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

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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