Emerald Acquisition Ltd. bought a new stake in Exterran Corp. (NYSE:EXTN) during the second quarter, Holdings Channel reports. The institutional investor bought 204,662 shares of the company’s stock, valued at approximately $2,630,000. Emerald Acquisition Ltd. owned approximately 0.58% of Exterran Corp. as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of EXTN. Magnetar Financial LLC increased its stake in Exterran Corp. by 19.5% in the first quarter. Magnetar Financial LLC now owns 3,066,488 shares of the company’s stock valued at $47,408,000 after buying an additional 500,000 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Exterran Corp. by 0.8% in the first quarter. BlackRock Fund Advisors now owns 2,360,799 shares of the company’s stock worth $36,498,000 after buying an additional 19,207 shares during the period. Acadian Asset Management LLC increased its position in shares of Exterran Corp. by 37.2% in the second quarter. Acadian Asset Management LLC now owns 772,288 shares of the company’s stock worth $9,925,000 after buying an additional 209,365 shares during the period. Geode Capital Management LLC increased its position in shares of Exterran Corp. by 18.3% in the first quarter. Geode Capital Management LLC now owns 249,257 shares of the company’s stock worth $3,853,000 after buying an additional 38,527 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of Exterran Corp. by 5.9% in the first quarter. Prudential Financial Inc. now owns 85,903 shares of the company’s stock worth $1,328,000 after buying an additional 4,800 shares during the period. Institutional investors and hedge funds own 80.31% of the company’s stock.
Exterran Corp. (NYSE:EXTN) traded down 0.56% during mid-day trading on Tuesday, hitting $14.16. 91,376 shares of the stock traded hands. The firm has a market capitalization of $497.62 million and a P/E ratio of 10.51. The company has a 50-day moving average of $14.19 and a 200 day moving average of $14.02. Exterran Corp. has a 1-year low of $10.83 and a 1-year high of $19.36.
A number of brokerages have recently issued reports on EXTN. Scotiabank restated a “sector outperform” rating and issued a $20.00 price target (down previously from $22.00) on shares of Exterran Corp. in a research report on Wednesday, June 22nd. Howard Weil downgraded shares of Exterran Corp. from a “focus stock” rating to a “sector outperform” rating and dropped their price target for the stock from $22.00 to $20.00 in a research report on Wednesday, June 22nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $22.00.
Exterran Corp. Company Profile
Exterran Corporation is engaged in the provision of 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 product sales.
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