Mackay Shields LLC Has $1.42 Million Stake in Exterran Corp (NYSE:EXTN)

Mackay Shields LLC raised its position in shares of Exterran Corp (NYSE:EXTN) by 407.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 108,700 shares of the energy company’s stock after acquiring an additional 87,300 shares during the period. Mackay Shields LLC’s holdings in Exterran were worth $1,420,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Susquehanna International Group LLP acquired a new stake in shares of Exterran in the second quarter valued at approximately $155,000. Marshall Wace North America L.P. acquired a new stake in shares of Exterran in the second quarter valued at approximately $156,000. State of Tennessee Treasury Department increased its holdings in shares of Exterran by 8.5% in the third quarter. State of Tennessee Treasury Department now owns 14,004 shares of the energy company’s stock valued at $183,000 after purchasing an additional 1,101 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Exterran by 35.0% in the second quarter. Cubist Systematic Strategies LLC now owns 16,010 shares of the energy company’s stock valued at $228,000 after purchasing an additional 4,147 shares in the last quarter. Finally, Capital Fund Management S.A. acquired a new stake in shares of Exterran in the second quarter valued at approximately $236,000. 88.41% of the stock is owned by institutional investors.

Shares of Exterran stock opened at $7.56 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.51 and a quick ratio of 0.99. The firm has a market cap of $263.27 million, a P/E ratio of 39.79 and a beta of 1.19. The firm has a 50 day simple moving average of $11.90 and a 200 day simple moving average of $12.50. Exterran Corp has a fifty-two week low of $7.61 and a fifty-two week high of $24.40.

Exterran (NYSE:EXTN) last released its earnings results on Monday, November 4th. The energy company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). Exterran had a negative return on equity of 3.30% and a negative net margin of 2.02%. The business had revenue of $302.43 million for the quarter, compared to analyst estimates of $337.00 million. On average, sell-side analysts expect that Exterran Corp will post -0.35 EPS for the current year.

A number of brokerages recently weighed in on EXTN. ValuEngine raised shares of Exterran from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Evercore ISI reissued a “buy” rating and issued a $28.00 price target on shares of Exterran in a report on Thursday, August 8th. Finally, Zacks Investment Research lowered shares of Exterran from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th.

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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Institutional Ownership by Quarter for Exterran (NYSE:EXTN)

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