Exterran Corporation (NYSE:EXTN) Downgraded by BidaskClub to “Sell”

Exterran Corporation (NYSE:EXTN) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, August 5th.

A number of other research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Exterran Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 21st. ValuEngine raised shares of Exterran Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $30.00.

Shares of Exterran Corporation (NYSE EXTN) traded down 0.83% during trading on Friday, hitting $24.01. 313,133 shares of the stock traded hands. The company has a 50 day moving average price of $26.74 and a 200 day moving average price of $28.53. The firm’s market cap is $859.39 million. Exterran Corporation has a 12 month low of $12.73 and a 12 month high of $34.05.

Exterran Corporation (NYSE:EXTN) last issued its quarterly earnings results on Monday, August 7th. The energy company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.53) by $0.37. Exterran Corporation had a negative net margin of 1.45% and a negative return on equity of 5.57%. The company had revenue of $330.59 million during the quarter, compared to analysts’ expectations of $329.50 million. Analysts anticipate that Exterran Corporation will post ($0.59) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXTN. Nisa Investment Advisors LLC boosted its position in Exterran Corporation by 4.0% in the second quarter. Nisa Investment Advisors LLC now owns 3,940 shares of the energy company’s stock valued at $105,000 after buying an additional 150 shares during the last quarter. Pacad Investment Ltd. bought a new position in Exterran Corporation during the second quarter valued at $107,000. State of Alaska Department of Revenue boosted its position in Exterran Corporation by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 3,480 shares of the energy company’s stock valued at $109,000 after buying an additional 90 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Exterran Corporation during the second quarter valued at $134,000. Finally, Municipal Employees Retirement System of Michigan boosted its position in Exterran Corporation by 4.2% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,450 shares of the energy company’s stock valued at $199,000 after buying an additional 300 shares during the last quarter. 89.71% of the stock is owned by hedge funds and other institutional investors.

Exterran Corporation Company Profile

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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