Exterran (NYSE:EXTN) Upgraded by ValuEngine to “Strong-Buy”

ValuEngine upgraded shares of Exterran (NYSE:EXTN) from a buy rating to a strong-buy rating in a report published on Tuesday morning, ValuEngine reports.

A number of other equities analysts have also weighed in on the company. Evercore ISI reaffirmed a buy rating and issued a $28.00 price objective on shares of Exterran in a research note on Thursday, August 8th. Zacks Investment Research downgraded Exterran from a buy rating to a hold rating in a research note on Tuesday, November 5th.

Shares of Exterran stock opened at $5.20 on Tuesday. Exterran has a fifty-two week low of $5.06 and a fifty-two week high of $23.08. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.99 and a current ratio of 1.51. The company has a market capitalization of $180.21 million, a P/E ratio of 27.37 and a beta of 0.92. The company has a fifty day moving average of $9.57 and a 200 day moving average of $11.79.

Exterran (NYSE:EXTN) last posted its quarterly earnings results on Monday, November 4th. The energy company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.06). Exterran had a negative net margin of 2.02% and a negative return on equity of 3.30%. The business had revenue of $302.43 million for the quarter, compared to the consensus estimate of $337.00 million. Analysts forecast that Exterran will post -0.35 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in EXTN. State of Tennessee Treasury Department boosted its position in shares of Exterran by 8.5% during the third quarter. State of Tennessee Treasury Department now owns 14,004 shares of the energy company’s stock worth $183,000 after acquiring an additional 1,101 shares during the last quarter. Mackay Shields LLC lifted its stake in Exterran by 407.9% in the 3rd quarter. Mackay Shields LLC now owns 108,700 shares of the energy company’s stock worth $1,420,000 after purchasing an additional 87,300 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Exterran by 2.4% during the 2nd quarter. BlackRock Inc. now owns 5,109,282 shares of the energy company’s stock valued at $72,654,000 after purchasing an additional 120,435 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Exterran by 21.8% during the 2nd quarter. Invesco Ltd. now owns 235,707 shares of the energy company’s stock valued at $3,352,000 after purchasing an additional 42,174 shares during the last quarter. Finally, Royal Bank of Canada grew its position in shares of Exterran by 19.8% during the second quarter. Royal Bank of Canada now owns 17,841 shares of the energy company’s stock valued at $254,000 after purchasing an additional 2,943 shares in the last quarter. Hedge funds and other institutional investors own 88.60% of the company’s stock.

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.

Further Reading: Why do company’s buyback their stock?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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