Short Interest in Exterran Corp (NYSE:EXTN) Expands By 15.8%

Exterran Corp (NYSE:EXTN) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 817,900 shares, a growth of 15.8% from the June 30th total of 706,000 shares. Currently, 2.3% of the shares of the company are short sold. Based on an average daily trading volume, of 209,900 shares, the days-to-cover ratio is presently 3.9 days.

In other news, Director William M. Goodyear purchased 5,000 shares of the stock in a transaction dated Friday, August 9th. The shares were purchased at an average cost of $10.67 per share, with a total value of $53,350.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 2.50% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the business. Hancock Whitney Corp increased its stake in Exterran by 0.9% in the 1st quarter. Hancock Whitney Corp now owns 229,436 shares of the energy company’s stock worth $3,866,000 after buying an additional 2,103 shares in the last quarter. Norges Bank purchased a new stake in Exterran in the 4th quarter worth $10,751,000. Spark Investment Management LLC purchased a new stake in Exterran in the 1st quarter worth $318,000. Geode Capital Management LLC grew its position in shares of Exterran by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 332,334 shares of the energy company’s stock valued at $5,882,000 after purchasing an additional 18,671 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its position in shares of Exterran by 340.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,932 shares of the energy company’s stock valued at $193,000 after purchasing an additional 8,449 shares in the last quarter. Institutional investors and hedge funds own 87.59% of the company’s stock.

EXTN stock traded up $0.07 during trading on Thursday, reaching $9.59. The company’s stock had a trading volume of 246,260 shares, compared to its average volume of 194,364. Exterran has a 1 year low of $9.08 and a 1 year high of $29.31. The company has a quick ratio of 0.91, a current ratio of 1.35 and a debt-to-equity ratio of 0.94. The firm has a market cap of $329.96 million, a P/E ratio of 50.47 and a beta of 1.06. The company has a fifty day moving average price of $12.59.

Exterran (NYSE:EXTN) last issued its quarterly earnings results on Monday, August 5th. The energy company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.07). Exterran had a negative return on equity of 1.63% and a negative net margin of 0.89%. The business had revenue of $390.87 million during the quarter, compared to analysts’ expectations of $369.15 million. On average, equities analysts forecast that Exterran will post -0.44 EPS for the current year.

Several equities research analysts have recently commented on EXTN shares. Zacks Investment Research lowered Exterran from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 10th. Evercore ISI restated a “buy” rating and issued a $28.00 price objective on shares of Exterran in a research note on Thursday, August 8th.

About Exterran

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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