Exterran (NYSE:EXTN) was upgraded by equities research analysts at TheStreet from a “d+” rating to a “c+” rating in a report issued on Wednesday.
Separately, BidaskClub lowered shares of Exterran from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Five investment analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average target price of $30.00.
Shares of Exterran (NYSE:EXTN) traded up $0.29 on Wednesday, reaching $28.71. 319,100 shares of the company’s stock were exchanged, compared to its average volume of 215,343. Exterran has a 1 year low of $22.34 and a 1 year high of $34.05. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.39 and a quick ratio of 1.04.
Exterran (NYSE:EXTN) last issued its quarterly earnings results on Monday, November 6th. The energy company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. The business had revenue of $327.10 million during the quarter, compared to analyst estimates of $324.70 million. Exterran had a net margin of 0.04% and a negative return on equity of 2.82%. sell-side analysts anticipate that Exterran will post -0.03 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its holdings in shares of Exterran 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 acquiring an additional 150 shares during the period. Pacad Investment Ltd. bought a new position in Exterran in the 2nd quarter valued at approximately $107,000. Sei Investments Co. lifted its stake in Exterran by 7,962.2% in the 3rd quarter. Sei Investments Co. now owns 3,628 shares of the energy company’s stock valued at $115,000 after purchasing an additional 3,583 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Exterran by 4.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 7,450 shares of the energy company’s stock valued at $199,000 after acquiring an additional 300 shares during the last quarter. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Exterran during the third quarter valued at $219,000. 88.67% of the stock is currently owned by institutional investors.
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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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