Exterran (NYSE:EXTN) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of Exterran (NYSE:EXTN) from a buy rating to a hold rating in a research report sent to investors on Tuesday, Zacks.com reports.

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. “

EXTN has been the subject of several other research reports. Evercore ISI reaffirmed a buy rating and set a $28.00 price objective on shares of Exterran in a report on Thursday, August 8th. ValuEngine raised shares of Exterran from a hold rating to a buy rating in a report on Monday, November 4th.

EXTN traded down $0.80 during trading on Tuesday, reaching $8.64. The stock had a trading volume of 586,880 shares, compared to its average volume of 198,325. The firm has a market capitalization of $315.85 million, a price-to-earnings ratio of 45.47 and a beta of 1.19. The company has a quick ratio of 0.91, a current ratio of 1.51 and a debt-to-equity ratio of 1.07. Exterran has a 1-year low of $8.53 and a 1-year high of $24.40. The stock has a 50 day moving average of $12.55 and a two-hundred day moving average of $12.75.

Exterran (NYSE:EXTN) last released its earnings results on Monday, November 4th. The energy company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The firm had revenue of $302.43 million during the quarter, compared to analyst estimates of $337.00 million. Exterran had a negative return on equity of 3.30% and a negative net margin of 2.02%. On average, research analysts forecast that Exterran will post -0.52 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Exterran by 2.4% during the second quarter. BlackRock Inc. now owns 5,109,282 shares of the energy company’s stock worth $72,654,000 after purchasing an additional 120,435 shares in the last quarter. Invesco Ltd. boosted its position in shares of Exterran by 21.8% during the second quarter. Invesco Ltd. now owns 235,707 shares of the energy company’s stock worth $3,352,000 after purchasing an additional 42,174 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Exterran by 226.5% during the second quarter. Renaissance Technologies LLC now owns 632,100 shares of the energy company’s stock worth $8,988,000 after purchasing an additional 438,500 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Exterran by 35.0% during the second quarter. Cubist Systematic Strategies LLC now owns 16,010 shares of the energy company’s stock worth $228,000 after purchasing an additional 4,147 shares in the last quarter. Finally, Wedge Capital Management L L P NC bought a new position in shares of Exterran during the second quarter worth $736,000. 88.19% of the stock is owned by institutional investors.

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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