Exterran (NYSE:EXTN) Downgraded by Zacks Investment Research to “Strong Sell”

Zacks Investment Research lowered shares of Exterran (NYSE:EXTN) from a hold rating to a strong sell rating in a report issued 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 price target on shares of Exterran in a research report on Thursday.

Shares of EXTN stock traded down $0.33 during midday trading on Friday, reaching $10.29. 185,808 shares of the company traded hands, compared to its average volume of 157,765. The business’s 50 day moving average price is $12.93. Exterran has a 1-year low of $10.27 and a 1-year high of $29.31. The company has a current ratio of 1.35, a quick ratio of 0.88 and a debt-to-equity ratio of 0.94.

Exterran (NYSE:EXTN) last posted its quarterly earnings results on Monday, August 5th. The energy company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $390.87 million for the quarter, compared to analyst estimates of $369.15 million. Sell-side analysts forecast that Exterran will post -0.27 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its position in shares of Exterran by 1.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 402,737 shares of the energy company’s stock worth $5,727,000 after purchasing an additional 6,707 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Exterran by 82.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 59,357 shares of the energy company’s stock valued at $844,000 after acquiring an additional 26,875 shares during the last quarter. Menta Capital LLC raised its holdings in Exterran by 121.8% in the 2nd quarter. Menta Capital LLC now owns 38,431 shares of the energy company’s stock valued at $546,000 after acquiring an additional 21,106 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in Exterran in the 2nd quarter valued at $736,000. Finally, Dupont Capital Management Corp raised its holdings in Exterran by 54.0% in the 2nd quarter. Dupont Capital Management Corp now owns 28,760 shares of the energy company’s stock valued at $409,000 after acquiring an additional 10,087 shares during the last quarter. Hedge funds and other institutional investors own 87.66% of the company’s stock.

About Exterran

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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