Exterran (EXTN) Rating Increased to Hold at ValuEngine
ValuEngine upgraded shares of Exterran (NYSE:EXTN) from a sell rating to a hold rating in a research note published on Wednesday.
Separately, Zacks Investment Research raised Exterran from a hold rating to a buy rating and set a $31.00 price objective for the company in a research note on Wednesday, March 21st.
EXTN opened at $29.49 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.33 and a debt-to-equity ratio of 0.66. The company has a market cap of $1,054.00, a price-to-earnings ratio of 983.00 and a beta of 0.91. Exterran has a 52 week low of $23.29 and a 52 week high of $33.69.
In other Exterran news, SVP Girish Saligram sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $30.25, for a total transaction of $226,875.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William M. Goodyear bought 2,100 shares of the company’s stock in a transaction on Thursday, March 8th. The shares were acquired at an average price of $27.56 per share, for a total transaction of $57,876.00. The disclosure for this purchase can be found here. Insiders own 2.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. increased its position in Exterran by 32.2% during the 4th quarter. Meeder Asset Management Inc. now owns 11,533 shares of the energy company’s stock worth $363,000 after purchasing an additional 2,809 shares during the period. KBC Group NV increased its position in Exterran by 17.9% during the 4th quarter. KBC Group NV now owns 25,374 shares of the energy company’s stock worth $798,000 after purchasing an additional 3,857 shares during the period. Cigna Investments Inc. New acquired a new position in Exterran during the 4th quarter worth approximately $221,000. Paloma Partners Management Co acquired a new position in Exterran during the 4th quarter worth approximately $297,000. Finally, Rhumbline Advisers increased its position in Exterran by 14.2% during the 4th quarter. Rhumbline Advisers now owns 79,392 shares of the energy company’s stock worth $2,496,000 after purchasing an additional 9,874 shares during the period. Institutional investors own 90.73% 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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