Exterran Corp (EXTN) Receives Average Recommendation of “Strong Buy” from Brokerages

Shares of Exterran Corp (NYSE:EXTN) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokers have set a one year consensus price target of $34.00 for the company and are expecting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also given Exterran an industry rank of 211 out of 256 based on the ratings given to its competitors.

A number of equities analysts have recently commented on EXTN shares. Zacks Investment Research upgraded Exterran from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a research note on Friday, January 4th. ValuEngine upgraded Exterran from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Finally, TheStreet lowered Exterran from a “c” rating to a “d+” rating in a research note on Tuesday, February 26th.

A number of hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its position in Exterran by 1.0% during the first quarter. Rhumbline Advisers now owns 98,209 shares of the energy company’s stock worth $1,655,000 after buying an additional 944 shares in the last quarter. Parallel Advisors LLC acquired a new stake in Exterran during the first quarter worth about $28,000. Menta Capital LLC acquired a new stake in Exterran during the first quarter worth about $292,000. Quantamental Technologies LLC grew its position in Exterran by 56.2% during the first quarter. Quantamental Technologies LLC now owns 2,501 shares of the energy company’s stock worth $42,000 after buying an additional 900 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in Exterran by 56.3% during the first quarter. SG Americas Securities LLC now owns 24,516 shares of the energy company’s stock worth $413,000 after buying an additional 8,833 shares in the last quarter. 91.06% of the stock is currently owned by institutional investors and hedge funds.

NYSE EXTN opened at $14.22 on Monday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.91 and a current ratio of 1.24. The stock has a market cap of $513.94 million, a price-to-earnings ratio of 74.84 and a beta of 1.20. Exterran has a fifty-two week low of $13.95 and a fifty-two week high of $30.94.

Exterran (NYSE:EXTN) last posted its quarterly earnings data on Monday, February 25th. The energy company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.23). The business had revenue of $332.15 million during the quarter, compared to the consensus estimate of $337.50 million. Exterran had a return on equity of 1.26% and a net margin of 0.40%. Analysts anticipate that Exterran will post 0.05 earnings per share for the current fiscal year.

Exterran Company Profile

Exterran Corporation, a systems and process company, provides various solutions in the oil, gas, water, and power markets worldwide. The company operates through three segments: contract Operations, Aftermarket Services, and Product Sales. It offers compression, processing, and treating services through the operation of natural gas compression equipment, and crude oil and natural gas production and process equipment; and water treatment and power solutions.

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