Exterran Corp (NYSE:EXTN)’s stock price fell 7.6% during trading on Tuesday . The stock traded as low as $5.97 and last traded at $6.32, 639,263 shares changed hands during mid-day trading. An increase of 212% from the average session volume of 204,632 shares. The stock had previously closed at $6.84.
Several research firms have commented on EXTN. Zacks Investment Research downgraded shares of Exterran from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. ValuEngine upgraded shares of Exterran from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Finally, Evercore ISI restated a “buy” rating and issued a $28.00 price target on shares of Exterran in a research note on Thursday, August 8th.
The firm has a market capitalization of $229.14 million, a PE ratio of 33.26 and a beta of 1.19. The company’s 50-day moving average price is $11.41 and its 200-day moving average price is $12.35. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.99 and a current ratio of 1.51.
Exterran (NYSE:EXTN) last released its quarterly earnings data on Monday, November 4th. The energy company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.06). The firm had revenue of $302.43 million for the quarter, compared to analysts’ expectations of $337.00 million. Exterran had a negative return on equity of 3.30% and a negative net margin of 2.02%. As a group, analysts anticipate that Exterran Corp will post -0.35 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in EXTN. Nuveen Asset Management LLC purchased a new stake in shares of Exterran during the 2nd quarter worth $10,851,000. Renaissance Technologies LLC lifted its position in shares of Exterran by 226.5% during the 2nd quarter. Renaissance Technologies LLC now owns 632,100 shares of the energy company’s stock worth $8,988,000 after purchasing an additional 438,500 shares during the last quarter. Morgan Stanley lifted its position in shares of Exterran by 1,437.1% during the 2nd quarter. Morgan Stanley now owns 141,765 shares of the energy company’s stock worth $2,016,000 after purchasing an additional 132,542 shares during the last quarter. BlackRock Inc. lifted its position in shares of Exterran by 2.4% during the 2nd quarter. BlackRock Inc. now owns 5,109,282 shares of the energy company’s stock worth $72,654,000 after purchasing an additional 120,435 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of Exterran by 35.2% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 392,664 shares of the energy company’s stock worth $5,584,000 after purchasing an additional 102,183 shares during the last quarter. 92.91% of the stock is owned by institutional investors and hedge funds.
About Exterran (NYSE:EXTN)
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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