Exterran Corp (NYSE:EXTN) Short Interest Up 36.6% in July

Exterran Corp (NYSE:EXTN) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 758,500 shares, an increase of 36.6% from the June 30th total of 555,200 shares. Based on an average daily volume of 309,000 shares, the short-interest ratio is presently 2.5 days. Approximately 2.4% of the company’s shares are sold short.

Several equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of Exterran from a “hold” rating to a “sell” rating in a research report on Wednesday, July 15th. ValuEngine downgraded Exterran from a “strong-buy” rating to a “buy” rating in a report on Monday, June 1st.

Several hedge funds have recently added to or reduced their stakes in EXTN. Assenagon Asset Management S.A. purchased a new stake in shares of Exterran in the 2nd quarter worth approximately $1,302,000. UBS Group AG grew its stake in shares of Exterran by 7.9% in the fourth quarter. UBS Group AG now owns 39,643 shares of the energy company’s stock worth $310,000 after acquiring an additional 2,914 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Exterran by 25.3% during the first quarter. Legal & General Group Plc now owns 93,612 shares of the energy company’s stock valued at $506,000 after acquiring an additional 18,919 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Exterran by 1.8% in the 1st quarter. Geode Capital Management LLC now owns 400,626 shares of the energy company’s stock worth $1,923,000 after purchasing an additional 7,106 shares during the last quarter. Finally, Two Sigma Advisers LP boosted its stake in Exterran by 19.9% in the 1st quarter. Two Sigma Advisers LP now owns 108,300 shares of the energy company’s stock worth $520,000 after purchasing an additional 18,000 shares in the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Shares of Exterran stock opened at $4.97 on Friday. Exterran has a 12 month low of $3.24 and a 12 month high of $14.89. The firm has a market capitalization of $164.76 million, a P/E ratio of -1.42 and a beta of 1.24. The company has a current ratio of 1.40, a quick ratio of 0.94 and a debt-to-equity ratio of 1.28. The business has a fifty day simple moving average of $5.37 and a two-hundred day simple moving average of $5.66.

Exterran (NYSE:EXTN) last issued its quarterly earnings results on Monday, May 11th. The energy company reported ($0.52) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.25) by ($0.27). Exterran had a negative return on equity of 8.61% and a negative net margin of 9.80%. The business had revenue of $210.36 million during the quarter, compared to the consensus estimate of $210.00 million. Analysts predict that Exterran will post -1.67 earnings per share for the current year.

Exterran Company Profile

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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