Algert Global LLC Invests $2.41 Million in Exterran Corporation (EXTN)

Algert Global LLC purchased a new stake in shares of Exterran Corporation (NYSE:EXTN) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 76,325 shares of the energy company’s stock, valued at approximately $2,413,000. Algert Global LLC owned about 0.21% of Exterran at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Numeric Investors LLC lifted its position in shares of Exterran by 4,133.9% during the 2nd quarter. Numeric Investors LLC now owns 584,285 shares of the energy company’s stock worth $15,600,000 after buying an additional 570,485 shares during the last quarter. American Century Companies Inc. raised its position in Exterran by 255.3% in the 2nd quarter. American Century Companies Inc. now owns 236,382 shares of the energy company’s stock valued at $6,311,000 after purchasing an additional 169,860 shares during the last quarter. AJO LP raised its position in Exterran by 683.5% in the 2nd quarter. AJO LP now owns 185,766 shares of the energy company’s stock valued at $4,960,000 after purchasing an additional 162,055 shares during the last quarter. Ameriprise Financial Inc. raised its position in Exterran by 18.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 985,167 shares of the energy company’s stock valued at $31,142,000 after purchasing an additional 153,195 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Exterran by 103.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 276,563 shares of the energy company’s stock valued at $7,384,000 after purchasing an additional 140,347 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Shares of Exterran Corporation (EXTN) traded up $0.29 during trading on Friday, reaching $28.71. 319,100 shares of the company’s stock were exchanged, compared to its average volume of 215,343. The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 0.67. Exterran Corporation has a 52 week low of $22.34 and a 52 week high of $34.05.

Exterran (NYSE:EXTN) last posted its quarterly earnings results on Monday, November 6th. The energy company reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.06. Exterran had a net margin of 0.04% and a negative return on equity of 2.82%. The business had revenue of $327.10 million for the quarter, compared to analysts’ expectations of $324.70 million. equities research analysts forecast that Exterran Corporation will post -0.03 earnings per share for the current year.

Several research firms recently commented on EXTN. TheStreet upgraded shares of Exterran from a “d+” rating to a “c+” rating in a research report on Wednesday. BidaskClub downgraded shares of Exterran from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Five investment analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of $30.00.

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Exterran 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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Institutional Ownership by Quarter for Exterran (NYSE:EXTN)

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