Bank of New York Mellon Corp lessened its position in Exterran Corp (NYSE:EXTN) by 4.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 429,096 shares of the energy company’s stock after selling 20,546 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.20% of Exterran worth $13,564,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pacad Investment Ltd. acquired a new position in shares of Exterran during the 2nd quarter worth about $107,000. Sei Investments Co. boosted its position in shares of 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 period. Municipal Employees Retirement System of Michigan boosted its position in shares of Exterran by 4.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,450 shares of the energy company’s stock valued at $199,000 after purchasing an additional 300 shares during the period. ARP Americas LLC acquired a new stake in shares of Exterran in the 3rd quarter valued at about $234,000. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Exterran in the 2nd quarter valued at about $242,000. 88.61% of the stock is owned by hedge funds and other institutional investors.
EXTN has been the subject of a number of research analyst reports. BidaskClub raised Exterran from a “hold” rating to a “buy” rating in a research report on Saturday, September 16th. ValuEngine raised Exterran from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, TheStreet raised Exterran from a “d+” rating to a “c+” rating in a research note on Wednesday, December 13th. Four 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 Corp (EXTN) traded down $0.34 on Friday, hitting $32.60. The company had a trading volume of 85,508 shares, compared to its average volume of 145,381. The firm has a market cap of $1,178.86, a PE ratio of -1,630.00 and a beta of 1.24. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.67. Exterran Corp has a 1-year low of $23.29 and a 1-year high of $34.05.
Exterran (NYSE:EXTN) last released its quarterly earnings results on Monday, November 6th. The energy company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The business had revenue of $327.10 million for the quarter, compared to analysts’ expectations of $324.70 million. Exterran had a negative return on equity of 2.82% and a net margin of 0.04%. equities analysts expect that Exterran Corp will post -0.03 earnings per share for the current fiscal year.
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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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