Exterran Corp (EXTN) Given Average Recommendation of “Strong Buy” by Analysts

Shares of Exterran Corp (NYSE:EXTN) have received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 1 year consensus target price of $36.50 for the company and are predicting that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also given Exterran an industry rank of 232 out of 257 based on the ratings given to its competitors.

A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Exterran from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Tuesday, September 18th. ValuEngine lowered shares of Exterran from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th.

In other news, CEO Andrew James Way sold 34,517 shares of the company’s stock in a transaction that occurred on Wednesday, October 17th. The shares were sold at an average price of $25.49, for a total transaction of $879,838.33. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Chai Trust Co Llc bought 85,579 shares of Exterran stock in a transaction dated Friday, November 30th. The shares were bought at an average price of $22.46 per share, for a total transaction of $1,922,104.34. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 859,259 shares of company stock worth $19,879,836. Company insiders own 2.20% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Bank of Montreal Can lifted its position in shares of Exterran by 21.3% during the third quarter. Bank of Montreal Can now owns 104,432 shares of the energy company’s stock worth $2,771,000 after purchasing an additional 18,356 shares in the last quarter. BlackRock Inc. lifted its position in shares of Exterran by 5.3% during the second quarter. BlackRock Inc. now owns 4,885,496 shares of the energy company’s stock worth $122,333,000 after purchasing an additional 244,903 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Exterran during the third quarter worth approximately $4,288,000. Principal Financial Group Inc. lifted its position in shares of Exterran by 2.5% during the first quarter. Principal Financial Group Inc. now owns 252,704 shares of the energy company’s stock worth $6,747,000 after purchasing an additional 6,184 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its position in shares of Exterran by 11.9% during the second quarter. OppenheimerFunds Inc. now owns 30,739 shares of the energy company’s stock worth $770,000 after purchasing an additional 3,262 shares in the last quarter. Institutional investors own 87.81% of the company’s stock.

NYSE EXTN traded down $0.99 on Thursday, reaching $20.77. The company’s stock had a trading volume of 268,246 shares, compared to its average volume of 149,836. The stock has a market cap of $786.70 million, a P/E ratio of -53.26 and a beta of 1.39. Exterran has a 52 week low of $20.72 and a 52 week high of $33.32. The company has a quick ratio of 1.02, a current ratio of 1.37 and a debt-to-equity ratio of 0.76.

Exterran (NYSE:EXTN) last posted its earnings results on Monday, November 5th. The energy company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.04). The business had revenue of $334.85 million during the quarter, compared to the consensus estimate of $358.60 million. Exterran had a net margin of 1.28% and a return on equity of 2.01%. Research analysts anticipate that Exterran will post 0.38 earnings per share for the current year.

Exterran Company Profile

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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