Exterran Corporation (EXTN) Upgraded to Buy at BidaskClub

BidaskClub upgraded shares of Exterran Corporation (NYSE:EXTN) from a hold rating to a buy rating in a report released on Saturday.

A number of other brokerages have also weighed in on EXTN. Zacks Investment Research lowered Exterran Corporation from a buy rating to a hold rating in a research note on Friday, July 21st. ValuEngine upgraded Exterran Corporation from a sell rating to a hold rating in a research note on Friday, June 2nd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of Hold and an average price target of $30.00.

Exterran Corporation (NYSE:EXTN) traded up 0.58% during mid-day trading on Friday, reaching $29.25. The company had a trading volume of 495,399 shares. Exterran Corporation has a 12-month low of $13.28 and a 12-month high of $34.05. The stock has a 50 day moving average price of $26.84 and a 200-day moving average price of $27.98. The stock’s market capitalization is $1.05 billion.

Exterran Corporation (NYSE:EXTN) last announced its earnings results on Monday, August 7th. The energy company reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.37. The business 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%. Equities analysts anticipate that Exterran Corporation will post $0.09 EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in EXTN. Louisiana State Employees Retirement System increased its position in shares of Exterran Corporation by 1.6% during the 1st quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the energy company’s stock valued at $403,000 after purchasing an additional 200 shares during the last quarter. Nationwide Fund Advisors increased its position in shares of Exterran Corporation by 15.7% during the 1st quarter. Nationwide Fund Advisors now owns 115,870 shares of the energy company’s stock valued at $3,644,000 after purchasing an additional 15,714 shares during the last quarter. Strs Ohio increased its position in shares of Exterran Corporation by 151.4% during the 1st quarter. Strs Ohio now owns 27,400 shares of the energy company’s stock valued at $861,000 after purchasing an additional 16,500 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Exterran Corporation by 38.6% during the 1st quarter. Wells Fargo & Company MN now owns 80,340 shares of the energy company’s stock valued at $2,527,000 after purchasing an additional 22,367 shares during the last quarter. Finally, Great West Life Assurance Co. Can increased its position in shares of Exterran Corporation by 6.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 44,881 shares of the energy company’s stock valued at $1,411,000 after purchasing an additional 2,850 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

About Exterran Corporation

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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