Zacks Investment Research lowered shares of Exterran (NYSE:EXTN) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

According to Zacks, “Exterran Corporation is involved in compression, production and processing products and services of the oil and natural gas industry. The company’s product lines include natural gas compression, process & treating and production equipment and water treatment solutions. Exterran Corporation is headquartered in Houston, Texas. “

Several other brokerages also recently weighed in on EXTN. AltaCorp Capital reaffirmed an outperform rating on shares of Exterran in a research note on Tuesday, July 10th. ValuEngine downgraded Exterran from a buy rating to a hold rating in a research note on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Exterran presently has an average rating of Hold and a consensus target price of $27.00.

Exterran stock traded down $0.26 during mid-day trading on Tuesday, hitting $25.75. 138,730 shares of the company’s stock traded hands, compared to its average volume of 144,284. 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 company has a market capitalization of $958.40 million, a P/E ratio of -66.03 and a beta of 0.88. Exterran has a one year low of $24.15 and a one year high of $33.69.

Exterran (NYSE:EXTN) last announced its earnings results on Monday, August 6th. The energy company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.06). The business had revenue of $343.47 million for the quarter, compared to the consensus estimate of $326.75 million. Exterran had a net margin of 1.14% and a return on equity of 1.70%. On average, research analysts expect that Exterran will post 0.65 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Bank of Montreal Can raised its stake in Exterran by 21.3% during the 3rd quarter. Bank of Montreal Can now owns 104,432 shares of the energy company’s stock valued at $2,771,000 after acquiring an additional 18,356 shares in the last quarter. Northern Trust Corp raised its stake in Exterran by 1.4% during the 2nd quarter. Northern Trust Corp now owns 725,466 shares of the energy company’s stock valued at $18,165,000 after acquiring an additional 10,053 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Exterran during the 2nd quarter valued at $452,000. Cannell Capital LLC increased its position in shares of Exterran by 48.9% during the 2nd quarter. Cannell Capital LLC now owns 498,929 shares of the energy company’s stock valued at $12,493,000 after purchasing an additional 163,896 shares during the period. Finally, OppenheimerFunds Inc. increased its position in shares of Exterran by 11.9% during the 2nd quarter. OppenheimerFunds Inc. now owns 30,739 shares of the energy company’s stock valued at $770,000 after purchasing an additional 3,262 shares during the period. 87.43% of the stock is currently owned by hedge funds and other institutional investors.

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.

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