Insider Selling: Exterran Corp (EXTN) SVP Sells $226,875.00 in Stock

Exterran Corp (NYSE:EXTN) SVP Girish Saligram sold 7,500 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $30.25, for a total value of $226,875.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Girish Saligram also recently made the following trade(s):

  • On Tuesday, January 16th, Girish Saligram sold 7,500 shares of Exterran stock. The shares were sold at an average price of $32.31, for a total value of $242,325.00.

Shares of Exterran Corp (NYSE EXTN) opened at $28.95 on Friday. 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 Corp has a fifty-two week low of $23.29 and a fifty-two week high of $34.05.

Exterran (NYSE:EXTN) last released its earnings results on Monday, November 6th. The energy company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.06. The firm had revenue of $327.10 million for the quarter, compared to analyst estimates of $324.70 million. Exterran had a negative return on equity of 2.82% and a net margin of 0.04%. sell-side analysts predict that Exterran Corp will post -0.03 EPS for the current year.

EXTN has been the topic of a number of analyst reports. BidaskClub lowered Exterran from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 11th. TheStreet raised Exterran from a “d+” rating to a “c+” rating in a report on Wednesday, December 13th. Finally, ValuEngine raised Exterran from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Four analysts have rated the stock with a hold rating, Exterran presently has an average rating of “Hold” and an average price target of $30.00.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Algert Global LLC grew its holdings in Exterran by 14.0% in the 4th quarter. Algert Global LLC now owns 86,993 shares of the energy company’s stock valued at $2,735,000 after buying an additional 10,668 shares during the last quarter. Cigna Investments Inc. New acquired a new stake in Exterran in the 4th quarter valued at approximately $221,000. James Investment Research Inc. acquired a new stake in Exterran in the 4th quarter valued at approximately $1,701,000. Schwab Charles Investment Management Inc. grew its holdings in Exterran by 26.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 292,326 shares of the energy company’s stock valued at $9,191,000 after buying an additional 62,000 shares during the last quarter. Finally, Convergence Investment Partners LLC acquired a new stake in Exterran in the 4th quarter valued at approximately $821,000. 88.21% of the stock is currently owned by hedge funds and other institutional investors.

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About Exterran

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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