Shares of Exterran Corp (NYSE:EXTN) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus price target of $36.50 for the company and are anticipating that the company will post $0.21 EPS for the current quarter, according to Zacks. Zacks has also assigned Exterran an industry rank of 236 out of 255 based on the ratings given to related companies.
A number of brokerages recently commented on EXTN. AltaCorp Capital restated an “outperform” rating on shares of Exterran in a research note on Tuesday, July 10th. ValuEngine cut shares of Exterran from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, Zacks Investment Research cut shares of Exterran from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 8th.
EXTN opened at $21.90 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.93 and a current ratio of 1.30. The stock has a market capitalization of $772.35 million, a price-to-earnings ratio of -56.15 and a beta of 1.37. Exterran has a twelve month low of $20.76 and a twelve month high of $33.69.
Exterran (NYSE:EXTN) last released its earnings results on Monday, August 6th. The energy company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.06). The company had revenue of $343.47 million during the quarter, compared to analysts’ expectations of $326.75 million. Exterran had a net margin of 1.14% and a return on equity of 1.70%. As a group, research analysts anticipate that Exterran will post 0.64 earnings per share for the current fiscal year.
In related news, CEO Andrew James Way sold 34,517 shares of the company’s stock in a transaction that occurred on Wednesday, October 17th. The shares were sold at an average price of $25.49, for a total transaction of $879,838.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.20% of the company’s stock.
Several hedge funds have recently made changes to their positions in EXTN. Russell Investments Group Ltd. lifted its stake in shares of Exterran by 5.7% during the 1st quarter. Russell Investments Group Ltd. now owns 51,660 shares of the energy company’s stock valued at $1,380,000 after buying an additional 2,803 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Exterran by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 252,704 shares of the energy company’s stock valued at $6,747,000 after buying an additional 6,184 shares in the last quarter. Barclays PLC lifted its stake in shares of Exterran by 29.1% during the 1st quarter. Barclays PLC now owns 11,447 shares of the energy company’s stock valued at $305,000 after buying an additional 2,581 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Exterran by 97.1% during the 1st quarter. Millennium Management LLC now owns 450,273 shares of the energy company’s stock valued at $12,022,000 after buying an additional 221,808 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Exterran by 20.0% during the 1st quarter. Legal & General Group Plc now owns 80,102 shares of the energy company’s stock valued at $2,140,000 after buying an additional 13,363 shares in the last quarter. Institutional investors own 87.79% of the company’s stock.
Exterran Corporation engages in the compression, production, and processing of products and services for the oil and natural gas industry worldwide. The company operates through three segments: contract Operations, Aftermarket Services, and Product Sales. Its contract operation services include personnel, equipment, tools, materials, and supplies.
Recommended Story: S&P 500 Index
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