Exterran Corporation (EXTN) Shares Bought by Ameriprise Financial Inc.
Ameriprise Financial Inc. lifted its holdings in shares of Exterran Corporation (NYSE:EXTN) by 18.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 985,167 shares of the energy company’s stock after purchasing an additional 153,195 shares during the period. Ameriprise Financial Inc. owned 2.75% of Exterran worth $31,142,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in EXTN. Schwab Charles Investment Management Inc. grew its holdings in shares of Exterran by 9.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 138,538 shares of the energy company’s stock worth $4,358,000 after purchasing an additional 12,494 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Exterran by 100.4% during the first quarter. Bank of America Corp DE now owns 50,145 shares of the energy company’s stock worth $1,577,000 after purchasing an additional 25,126 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Exterran by 3,853.0% during the second quarter. Bank of Montreal Can now owns 70,877 shares of the energy company’s stock worth $1,892,000 after purchasing an additional 69,084 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Exterran by 79.7% during the second quarter. State of Alaska Department of Revenue now owns 6,255 shares of the energy company’s stock worth $167,000 after purchasing an additional 2,775 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Exterran by 4.0% during the second quarter. Nisa Investment Advisors LLC now owns 3,940 shares of the energy company’s stock worth $105,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.
Separately, BidaskClub cut Exterran from a “buy” rating to a “hold” rating in a report on Friday, October 20th. Five research analysts have rated the stock with a hold rating, Exterran presently has an average rating of “Hold” and a consensus price target of $30.00.
Exterran (NYSE:EXTN) last posted its quarterly earnings results on Monday, November 6th. The energy company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.06. The business had revenue of $327.10 million for the quarter, compared to analysts’ expectations of $324.70 million. Exterran had a negative return on equity of 2.82% and a net margin of 0.04%. equities analysts predict that Exterran Corporation will post -0.03 earnings per share for the current fiscal year.
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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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