Zacks: Analysts Set $36.50 Price Target for Exterran Corp (EXTN)

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Exterran Corp (NYSE:EXTN) has been assigned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Brokers have set a one year consensus target price of $36.50 for the company and are predicting that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also assigned Exterran an industry rank of 227 out of 257 based on the ratings given to related companies.

A number of analysts have recently commented on the stock. Zacks Investment Research lowered shares of Exterran from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. ValuEngine lowered shares of Exterran from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd.

Shares of EXTN stock traded up $0.20 during trading on Friday, reaching $22.97. The company’s stock had a trading volume of 305,364 shares, compared to its average volume of 149,665. The company has a quick ratio of 0.93, a current ratio of 1.37 and a debt-to-equity ratio of 0.76. The firm has a market cap of $813.18 million, a PE ratio of -58.90 and a beta of 1.37. Exterran has a one year low of $20.76 and a one year high of $33.32.

Exterran (NYSE:EXTN) last announced its quarterly earnings data on Monday, November 5th. The energy company reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.04). The business had revenue of $334.85 million during the quarter, compared to the consensus estimate of $358.60 million. Exterran had a return on equity of 2.01% and a net margin of 1.28%. On average, equities analysts predict that Exterran will post 0.64 earnings per share for the current fiscal year.

In other Exterran news, CEO Andrew James Way sold 34,517 shares of the company’s stock in a transaction on Wednesday, October 17th. The shares were sold at an average price of $25.49, for a total transaction of $879,838.33. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of EXTN. Russell Investments Group Ltd. raised its position in Exterran by 5.7% during the first quarter. Russell Investments Group Ltd. now owns 51,660 shares of the energy company’s stock worth $1,380,000 after acquiring an additional 2,803 shares in the last quarter. Principal Financial Group Inc. raised its position in Exterran by 2.5% during the first quarter. Principal Financial Group Inc. now owns 252,704 shares of the energy company’s stock worth $6,747,000 after acquiring an additional 6,184 shares in the last quarter. Barclays PLC raised its position in Exterran by 29.1% during the first quarter. Barclays PLC now owns 11,447 shares of the energy company’s stock worth $305,000 after acquiring an additional 2,581 shares in the last quarter. Millennium Management LLC raised its position in Exterran by 97.1% during the first quarter. Millennium Management LLC now owns 450,273 shares of the energy company’s stock worth $12,022,000 after acquiring an additional 221,808 shares in the last quarter. Finally, Legal & General Group Plc raised its position in Exterran by 20.0% during the first quarter. Legal & General Group Plc now owns 80,102 shares of the energy company’s stock worth $2,140,000 after acquiring an additional 13,363 shares in the last quarter. 87.79% of the stock is currently owned by hedge funds and other institutional investors.

About Exterran

Exterran Corporation engages in the compression, production, and processing of products and services for the oil and natural gas industry worldwide. The company operates through three segments: contract Operations, Aftermarket Services, and Product Sales. Its contract operation services include personnel, equipment, tools, materials, and supplies.

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