Insider Selling: Exterran Corp (EXTN) CEO Sells 34,517 Shares of Stock

Exterran Corp (NYSE:EXTN) CEO Andrew James Way sold 34,517 shares of the company’s stock in a transaction dated Wednesday, October 17th. The stock was sold at an average price of $25.49, for a total value of $879,838.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of EXTN opened at $24.18 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.30 and a quick ratio of 0.93. The stock has a market capitalization of $958.40 million, a price-to-earnings ratio of -62.00 and a beta of 0.88. Exterran Corp has a 52 week low of $24.12 and a 52 week high of $33.69.

Exterran (NYSE:EXTN) last issued its quarterly earnings results on Monday, August 6th. The energy company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). The company had revenue of $343.47 million during the quarter, compared to analysts’ expectations of $326.75 million. Exterran had a return on equity of 1.70% and a net margin of 1.14%. As a group, research analysts anticipate that Exterran Corp will post 0.65 earnings per share for the current fiscal year.

EXTN has been the subject of a number of analyst reports. ValuEngine upgraded Exterran from a “hold” rating to a “buy” rating in a research report on Thursday, July 5th. Zacks Investment Research upgraded Exterran from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Tuesday, September 18th. Finally, AltaCorp Capital restated an “outperform” rating on shares of Exterran in a research report on Tuesday, July 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $27.00.

A number of institutional investors and hedge funds have recently modified their holdings of EXTN. Piedmont Investment Advisors LLC bought a new position in shares of Exterran in the second quarter worth about $188,000. Barclays PLC boosted its stake in shares of Exterran by 29.1% in the first quarter. Barclays PLC now owns 11,447 shares of the energy company’s stock worth $305,000 after acquiring an additional 2,581 shares during the period. SG Americas Securities LLC boosted its stake in shares of Exterran by 138.6% in the second quarter. SG Americas Securities LLC now owns 13,688 shares of the energy company’s stock worth $343,000 after acquiring an additional 7,952 shares during the period. Campbell & CO Investment Adviser LLC bought a new position in shares of Exterran in the second quarter worth about $348,000. Finally, Dupont Capital Management Corp boosted its stake in shares of Exterran by 34.7% in the second quarter. Dupont Capital Management Corp now owns 14,141 shares of the energy company’s stock worth $354,000 after acquiring an additional 3,641 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

About Exterran

Exterran Corporation engages in the compression, production, and processing of products and services for the oil and natural gas industry worldwide. The company operates through three segments: contract Operations, Aftermarket Services, and Product Sales. Its contract operation services include personnel, equipment, tools, materials, and supplies.

Featured Story: Marijuana Stocks Future Looks Bright

Receive News & Ratings for Exterran Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exterran and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply