Exterran (EXTN) Rating Lowered to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Exterran (NYSE:EXTN) from a hold rating to a sell rating in a research note published on Friday morning, Zacks.com reports.

According to Zacks, “Exterran Corporation is involved in compression, production and processing products and services of the oil and natural gas industry. The company’s product lines include natural gas compression, process & treating and production equipment and water treatment solutions. Exterran Corporation is headquartered in Houston, Texas. “

A number of other equities research analysts have also issued reports on the stock. ValuEngine raised shares of Exterran from a sell rating to a hold rating in a report on Monday, April 1st. TheStreet lowered shares of Exterran from a c rating to a d+ rating in a report on Tuesday, February 26th.

EXTN traded down $0.53 during trading on Friday, reaching $13.65. 242,662 shares of the company traded hands, compared to its average volume of 315,240. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.24 and a quick ratio of 0.88. Exterran has a 12-month low of $13.09 and a 12-month high of $29.95. The firm has a market cap of $515.12 million, a P/E ratio of 71.84 and a beta of 1.20.

Exterran (NYSE:EXTN) last announced its quarterly earnings data on Wednesday, May 1st. The energy company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). Exterran had a negative net margin of 0.38% and a negative return on equity of 0.84%. The company had revenue of $351.45 million for the quarter, compared to analysts’ expectations of $360.40 million. On average, sell-side analysts anticipate that Exterran will post -0.19 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in shares of Exterran by 4.9% in the third quarter. Bank of New York Mellon Corp now owns 401,929 shares of the energy company’s stock valued at $10,663,000 after purchasing an additional 18,606 shares in the last quarter. MetLife Investment Advisors LLC grew its holdings in shares of Exterran by 56.9% in the third quarter. MetLife Investment Advisors LLC now owns 23,298 shares of the energy company’s stock valued at $618,000 after purchasing an additional 8,449 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Exterran by 9.0% in the third quarter. AQR Capital Management LLC now owns 57,854 shares of the energy company’s stock valued at $1,534,000 after purchasing an additional 4,765 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Exterran by 0.9% in the third quarter. Vanguard Group Inc. now owns 3,398,076 shares of the energy company’s stock valued at $90,151,000 after purchasing an additional 29,261 shares in the last quarter. Finally, Federated Investors Inc. PA grew its holdings in shares of Exterran by 7.1% in the third quarter. Federated Investors Inc. PA now owns 159,423 shares of the energy company’s stock valued at $4,230,000 after purchasing an additional 10,536 shares in the last quarter. 89.63% of the stock is owned by institutional investors and hedge funds.

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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