Arrowstreet Capital Limited Partnership decreased its holdings in Exterran Corporation (NYSE:EXTN) by 31.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,135 shares of the energy company’s stock after selling 57,928 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.36% of Exterran Corporation worth $3,421,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised its position in Exterran Corporation by 4.0% during 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 last quarter. Pacad Investment Ltd. purchased a new position in Exterran Corporation during the 2nd quarter worth $107,000. Meeder Asset Management Inc. purchased a new position in Exterran Corporation during the 2nd quarter worth $134,000. State of Alaska Department of Revenue raised its position in Exterran Corporation by 79.7% during 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 last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in shares of Exterran Corporation by 2.0% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 7,150 shares of the energy company’s stock worth $225,000 after purchasing an additional 140 shares during the period. Institutional investors own 89.67% of the company’s stock.
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Exterran Corporation (NYSE:EXTN) traded up 1.38% during trading on Friday, reaching $30.84. 19,795 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $30.68 and its 200-day moving average price is $28.37. The company’s market capitalization is $1.10 billion. Exterran Corporation has a 52-week low of $14.51 and a 52-week high of $34.05.
Exterran Corporation (NYSE:EXTN) last announced its earnings results on Monday, August 7th. The energy company reported ($0.16) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.53) by $0.37. The firm had revenue of $330.59 million for the quarter, compared to the consensus estimate of $329.50 million. Exterran Corporation had a negative return on equity of 5.57% and a negative net margin of 1.45%. Equities analysts expect that Exterran Corporation will post $0.06 earnings per share for the current year.
A number of equities research analysts recently commented on the stock. BidaskClub cut shares of Exterran Corporation from a “buy” rating to a “hold” rating in a research note on Friday, October 20th. Zacks Investment Research upgraded shares of Exterran Corporation from a “hold” rating to a “strong-buy” rating and set a $31.00 target price on the stock in a report on Tuesday, July 4th. Five equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus target price of $30.00.
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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