Exterran (NYSE:EXTN) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Exterran (NYSE:EXTN) from a hold rating to a strong sell rating in a research report sent to investors 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 issued a $28.00 target price on shares of Exterran in a research report on Thursday, August 8th.

Shares of NYSE EXTN opened at $9.88 on Friday. The firm has a 50-day moving average of $12.73. Exterran has a 52-week low of $9.71 and a 52-week high of $29.31. The company has a current ratio of 1.35, a quick ratio of 0.91 and a debt-to-equity ratio of 0.94.

Exterran (NYSE:EXTN) last announced 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 company had revenue of $390.87 million during the quarter, compared to analyst estimates of $369.15 million. Research analysts predict that Exterran will post -0.27 earnings per share for the current fiscal year.

In other Exterran news, Director William M. Goodyear purchased 5,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were purchased 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC acquired a new position in Exterran during the first quarter worth about $28,000. Quantamental Technologies LLC boosted its position in Exterran by 56.2% during the first quarter. Quantamental Technologies LLC now owns 2,501 shares of the energy company’s stock worth $42,000 after acquiring an additional 900 shares during the last quarter. Group One Trading L.P. acquired a new position in Exterran during the first quarter worth about $76,000. BNP Paribas Arbitrage SA boosted its position in Exterran by 181.3% during the first quarter. BNP Paribas Arbitrage SA now owns 7,469 shares of the energy company’s stock worth $126,000 after acquiring an additional 4,814 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan acquired a new position in Exterran during the fourth quarter worth about $161,000. Hedge funds and other institutional investors own 87.59% 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.

Recommended Story: Buy-Side Analysts

Get a free copy of the Zacks research report on Exterran (EXTN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Exterran Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exterran and related companies with MarketBeat.com's FREE daily email newsletter.