Exterran Corp (EXTN) Downgraded to Sell at Zacks Investment Research

Exterran Corp (NYSE:EXTN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

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. “

Separately, Howard Weil downgraded shares of Exterran Corp from an “outperform” rating to a “sector perform” rating in a report on Thursday, December 15th.

Shares of Exterran Corp (NYSE:EXTN) traded down 2.48% during mid-day trading on Monday, hitting $27.53. 244,621 shares of the stock traded hands. The stock’s market cap is $979.57 million. The firm has a 50 day moving average of $30.45 and a 200 day moving average of $22.37. Exterran Corp has a 12 month low of $10.83 and a 12 month high of $34.05.

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Hedge funds have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan increased its stake in Exterran Corp by 2.2% in the third quarter. Municipal Employees Retirement System of Michigan now owns 7,800 shares of the company’s stock valued at $122,000 after buying an additional 170 shares during the period. Anchor Capital Advisors LLC increased its stake in Exterran Corp by 2.2% in the third quarter. Anchor Capital Advisors LLC now owns 27,476 shares of the company’s stock valued at $431,000 after buying an additional 591 shares during the period. Thrivent Financial for Lutherans increased its stake in Exterran Corp by 6.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 16,875 shares of the company’s stock valued at $403,000 after buying an additional 950 shares during the period. New York State Teachers Retirement System increased its stake in Exterran Corp by 1.6% in the fourth quarter. New York State Teachers Retirement System now owns 69,651 shares of the company’s stock valued at $1,665,000 after buying an additional 1,100 shares during the period. Finally, Tudor Investment Corp Et Al increased its stake in Exterran Corp by 10.3% in the fourth quarter. Tudor Investment Corp Et Al now owns 13,253 shares of the company’s stock valued at $317,000 after buying an additional 1,238 shares during the period. 81.35% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:EXTN

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