Zacks Investment Research downgraded shares of Exterran (NYSE:EXTN) from a hold rating to a strong sell rating in a research report report published on Saturday morning, Zacks.com reports.

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. “

Separately, Evercore ISI reiterated a buy rating and set a $28.00 target price on shares of Exterran in a report on Thursday, August 8th.

EXTN stock opened at $9.84 on Friday. The firm’s 50 day simple moving average is $12.67. Exterran has a 52-week low of $9.71 and a 52-week high of $29.31. The stock has a market capitalization of $363.17 million, a price-to-earnings ratio of 51.79 and a beta of 1.06. The company has a quick ratio of 0.91, a current ratio of 1.35 and a debt-to-equity ratio of 0.94.

Exterran (NYSE:EXTN) last released its earnings results on Monday, August 5th. The energy company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.07). Exterran had a negative net margin of 0.89% and a negative return on equity of 1.63%. The business had revenue of $390.87 million for the quarter, compared to analysts’ expectations of $369.15 million. Analysts forecast that Exterran will post -0.27 earnings per share for the current year.

In other news, Director William M. Goodyear acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average cost of $10.67 per share, for a total transaction of $53,350.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in EXTN. Norges Bank purchased a new position in Exterran in the 4th quarter worth approximately $10,751,000. Renaissance Technologies LLC raised its holdings in Exterran by 226.5% in the 2nd quarter. Renaissance Technologies LLC now owns 632,100 shares of the energy company’s stock worth $8,988,000 after acquiring an additional 438,500 shares during the last quarter. BlackRock Inc. raised its holdings in Exterran by 2.4% in the 2nd quarter. BlackRock Inc. now owns 5,109,282 shares of the energy company’s stock worth $72,654,000 after acquiring an additional 120,435 shares during the last quarter. Deutsche Bank AG raised its holdings in Exterran by 93.3% in the 4th quarter. Deutsche Bank AG now owns 145,831 shares of the energy company’s stock worth $2,579,000 after acquiring an additional 70,390 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in Exterran by 69.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 133,647 shares of the energy company’s stock worth $1,900,000 after acquiring an additional 54,723 shares during the last quarter. Institutional investors own 87.59% of the company’s stock.

Exterran Company Profile

Exterran Corporation, a systems and process company, provides various solutions in the oil, gas, water, and power markets worldwide. The company operates through three segments: contract Operations, Aftermarket Services, and Product Sales. It offers compression, processing, and treating services through the operation of natural gas compression equipment, and crude oil and natural gas production and process equipment; and water treatment and power solutions.

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