Federated Investors Inc. PA Boosts Holdings in Exterran Corporation (EXTN)
Federated Investors Inc. PA raised its position in shares of Exterran Corporation (NYSE:EXTN) by 434.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,274 shares of the energy company’s stock after acquiring an additional 59,557 shares during the period. Federated Investors Inc. PA owned approximately 0.20% of Exterran Corporation worth $1,956,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its position in Exterran Corporation by 4.0% during the second quarter. Nisa Investment Advisors LLC now owns 3,940 shares of the energy company’s stock valued at $105,000 after acquiring an additional 150 shares during the period. State of Alaska Department of Revenue grew its position in Exterran Corporation by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 3,480 shares of the energy company’s stock valued at $109,000 after acquiring an additional 90 shares during the period. Meeder Asset Management Inc. purchased a new stake in Exterran Corporation during the second quarter valued at about $134,000. Municipal Employees Retirement System of Michigan grew its position in Exterran Corporation by 4.2% during the second quarter. Municipal Employees Retirement System of Michigan now owns 7,450 shares of the energy company’s stock valued at $199,000 after acquiring an additional 300 shares during the period. Finally, BNP Paribas Arbitrage SA grew its position in Exterran Corporation by 13.0% during the first quarter. BNP Paribas Arbitrage SA now owns 6,418 shares of the energy company’s stock valued at $202,000 after acquiring an additional 739 shares during the period. 89.92% of the stock is owned by hedge funds and other institutional investors.
EXTN has been the subject of a number of research reports. Zacks Investment Research raised Exterran Corporation from a “hold” rating to a “strong-buy” rating and set a $34.00 price target for the company in a research report on Monday, May 15th. ValuEngine raised Exterran Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub raised Exterran Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Five investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of $30.00.
Shares of Exterran Corporation (EXTN) opened at 28.24 on Friday. Exterran Corporation has a 12 month low of $12.73 and a 12 month high of $34.05. The stock’s market cap is $1.01 billion. The stock has a 50 day moving average price of $26.66 and a 200 day moving average price of $28.05.
Exterran Corporation (NYSE:EXTN) last announced its quarterly earnings data on Monday, August 7th. The energy company reported ($0.16) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.53) by $0.37. Exterran Corporation had a negative return on equity of 5.57% and a negative net margin of 1.45%. The business had revenue of $330.59 million during the quarter, compared to analyst estimates of $329.50 million. Equities analysts anticipate that Exterran Corporation will post $0.09 EPS for the current fiscal year.
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Exterran Corporation Profile
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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