Zacks: Exterran Corporation (EXTN) Receives Consensus Recommendation of “Buy” from Analysts
Exterran Corporation (NYSE:EXTN) has earned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Analysts have set a 1 year consensus price target of $31.00 for the company, according to Zacks. Zacks has also assigned Exterran Corporation an industry rank of 202 out of 265 based on the ratings given to its competitors.
Several equities analysts recently weighed in on the stock. BidaskClub cut shares of Exterran Corporation from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 11th. Zacks Investment Research raised shares of Exterran Corporation from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Thursday, July 20th.
Shares of Exterran Corporation (NYSE EXTN) opened at $32.44 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.08 and a current ratio of 1.39. Exterran Corporation has a 52 week low of $15.75 and a 52 week high of $34.05.
Exterran Corporation (NYSE:EXTN) last posted its earnings results on Monday, November 6th. The energy company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.06. The company had revenue of $327.10 million during the quarter, compared to analysts’ expectations of $324.70 million. Exterran Corporation had a net margin of 0.04% and a negative return on equity of 2.82%. analysts forecast that Exterran Corporation will post -0.03 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently bought and sold shares of the stock. Sei Investments Co. grew its stake in Exterran Corporation by 7,962.2% during the third quarter. Sei Investments Co. now owns 3,628 shares of the energy company’s stock valued at $115,000 after acquiring an additional 3,583 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Exterran Corporation by 4.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 3,940 shares of the energy company’s stock worth $105,000 after buying an additional 150 shares in the last quarter. Pacad Investment Ltd. purchased a new position in shares of Exterran Corporation in the 2nd quarter worth $107,000. Meeder Asset Management Inc. purchased a new position in shares of Exterran Corporation in the 2nd quarter worth $134,000. Finally, State of Alaska Department of Revenue grew its stake in shares of Exterran Corporation by 79.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,255 shares of the energy company’s stock worth $167,000 after buying an additional 2,775 shares in the last quarter. 89.82% of the stock is owned by institutional investors.
Exterran Corporation Company 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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