BlackRock Inc. grew its stake in shares of Exterran Corp (NYSE:EXTN) by 4.9% in the 4th quarter, HoldingsChannel reports. The fund owned 4,909,339 shares of the energy company’s stock after purchasing an additional 230,426 shares during the quarter. BlackRock Inc. owned approximately 0.14% of Exterran worth $154,351,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Sei Investments Co. grew its holdings in Exterran by 7,962.2% during the 3rd quarter. Sei Investments Co. now owns 3,628 shares of the energy company’s stock worth $115,000 after acquiring an additional 3,583 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in Exterran during the 3rd quarter worth $219,000. Cigna Investments Inc. New acquired a new position in Exterran during the 4th quarter worth $221,000. Cubist Systematic Strategies LLC acquired a new position in Exterran during the 3rd quarter worth $318,000. Finally, Teacher Retirement System of Texas acquired a new position in Exterran during the 4th quarter worth $341,000. 90.73% of the stock is owned by institutional investors.
A number of research firms have recently issued reports on EXTN. ValuEngine upgraded shares of Exterran from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. TheStreet upgraded shares of Exterran from a “d+” rating to a “c+” rating in a research report on Wednesday, December 13th. Four research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus price target of $30.00.
In related news, SVP Girish Saligram sold 7,500 shares of Exterran stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $30.25, for a total value of $226,875.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William M. Goodyear acquired 2,100 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The stock was purchased at an average price of $28.14 per share, for a total transaction of $59,094.00. The disclosure for this purchase can be found here. Company insiders own 2.20% of the company’s stock.
EXTN stock opened at $28.08 on Wednesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.33 and a quick ratio of 1.06. Exterran Corp has a 52-week low of $23.29 and a 52-week high of $33.69. The stock has a market cap of $1,035.78, a PE ratio of 30.19 and a beta of 1.00.
Exterran (NYSE:EXTN) last posted its quarterly earnings results on Monday, February 26th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.14). Exterran had a return on equity of 0.26% and a net margin of 2.65%. The business had revenue of $337.69 million during the quarter, compared to the consensus estimate of $361.50 million. research analysts anticipate that Exterran Corp will post 0.59 earnings per share for the current year.
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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