Exterran Corporation (EXTN) Rating Increased to Hold at BidaskClub
Exterran Corporation (NYSE:EXTN) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Friday.
Other research analysts have also issued reports about the company. Zacks Investment Research raised Exterran Corporation from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Thursday, July 20th. ValuEngine upgraded Exterran Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Five research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus target price of $30.00.
Shares of Exterran Corporation (NYSE EXTN) traded up 0.61% during midday trading on Friday, reaching $26.44. 9,579 shares of the company’s stock traded hands. Exterran Corporation has a 52 week low of $12.73 and a 52 week high of $34.05. The stock’s 50 day moving average is $26.59 and its 200-day moving average is $28.37. The company’s market capitalization is $946.37 million.
Exterran Corporation (NYSE:EXTN) last posted its quarterly earnings results on Monday, August 7th. The energy company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.53) by $0.37. The firm had revenue of $330.59 million for the quarter, compared to analyst estimates of $329.50 million. Exterran Corporation had a negative return on equity of 5.57% and a negative net margin of 1.45%. On average, analysts forecast that Exterran Corporation will post $0.09 earnings per share for the current fiscal year.
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Hedge funds have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Exterran Corporation during the second quarter valued at $498,000. WINTON GROUP Ltd increased its stake in shares of Exterran Corporation by 55.5% in the second quarter. WINTON GROUP Ltd now owns 47,665 shares of the energy company’s stock valued at $1,273,000 after buying an additional 17,004 shares during the last quarter. Sterling Capital Management LLC acquired a new stake in shares of Exterran Corporation during the second quarter valued at $941,000. The Manufacturers Life Insurance Company increased its stake in shares of Exterran Corporation by 3.1% in the second quarter. The Manufacturers Life Insurance Company now owns 25,315 shares of the energy company’s stock valued at $676,000 after buying an additional 767 shares during the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Exterran Corporation during the second quarter valued at $374,000. Hedge funds and other institutional investors own 89.71% of the company’s stock.
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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