Bank of America Corp DE raised its position in shares of Exterran Corporation (NYSE:EXTN) by 100.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,145 shares of the energy company’s stock after buying an additional 25,126 shares during the period. Bank of America Corp DE’s holdings in Exterran Corporation were worth $1,577,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in EXTN. State of Alaska Department of Revenue raised its stake in Exterran Corporation by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 3,480 shares of the energy company’s stock worth $109,000 after buying an additional 90 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in Exterran Corporation by 13.0% in the first quarter. BNP Paribas Arbitrage SA now owns 6,418 shares of the energy company’s stock worth $202,000 after buying an additional 739 shares during the last quarter. Virginia Retirement Systems ET AL acquired a new stake in Exterran Corporation during the first quarter worth about $204,000. Municipal Employees Retirement System of Michigan raised its stake in Exterran Corporation by 2.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 7,150 shares of the energy company’s stock worth $225,000 after buying an additional 140 shares during the last quarter. Finally, Mason Street Advisors LLC raised its stake in Exterran Corporation by 7.9% in the first quarter. Mason Street Advisors LLC now owns 7,375 shares of the energy company’s stock worth $232,000 after buying an additional 541 shares during the last quarter. Institutional investors own 89.71% of the company’s stock.
Shares of Exterran Corporation (EXTN) traded down 0.82% during mid-day trading on Wednesday, hitting $24.15. The company had a trading volume of 15,686 shares. The company’s market capitalization is $864.40 million. Exterran Corporation has a one year low of $12.73 and a one year high of $34.05. The firm’s 50-day moving average price is $27.03 and its 200 day moving average price is $28.64.
Exterran Corporation (NYSE:EXTN) last announced its earnings results on Monday, August 7th. The energy company reported ($0.16) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.53) by $0.37. The firm had revenue of $330.59 million during the quarter, compared to analyst estimates of $329.50 million. Exterran Corporation had a negative net margin of 1.45% and a negative return on equity of 5.57%. Analysts predict that Exterran Corporation will post ($0.35) earnings per share for the current fiscal year.
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A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded Exterran Corporation from a “hold” rating to a “strong-buy” rating and set a $34.00 target price for the company in a report on Monday, May 15th. BidaskClub upgraded Exterran Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Finally, ValuEngine upgraded Exterran Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $30.00.
About Exterran Corporation
Exterran Corporation provides 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 oil and gas product sales. The contract operations segment provides natural gas compression services, production and processing equipment services, and maintenance services to meet specific customer requirements on assets owned by it.
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