Prudential Financial Inc. increased its stake in Exterran Corporation (NYSE:EXTN) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,781 shares of the energy company’s stock after purchasing an additional 5,580 shares during the quarter. Prudential Financial Inc. owned approximately 0.34% of Exterran Corporation worth $3,251,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of EXTN. Wells Fargo & Company MN boosted its position in Exterran Corporation by 38.6% during the 1st quarter. Wells Fargo & Company MN now owns 80,340 shares of the energy company’s stock worth $2,527,000 after acquiring an additional 22,367 shares during the period. Great West Life Assurance Co. Can boosted its position in Exterran Corporation by 6.8% during the 1st quarter. Great West Life Assurance Co. Can now owns 44,881 shares of the energy company’s stock worth $1,411,000 after acquiring an additional 2,850 shares during the period. State Board of Administration of Florida Retirement System boosted its position in Exterran Corporation by 4.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 28,314 shares of the energy company’s stock worth $890,000 after acquiring an additional 1,080 shares during the period. American Century Companies Inc. acquired a new stake in Exterran Corporation during the 1st quarter worth about $2,092,000. Finally, Bank of New York Mellon Corp boosted its position in Exterran Corporation by 2.8% during the 1st quarter. Bank of New York Mellon Corp now owns 405,420 shares of the energy company’s stock worth $12,751,000 after acquiring an additional 11,212 shares during the period. 89.92% of the stock is currently owned by hedge funds and other institutional investors.
EXTN has been the subject of several research reports. BidaskClub upgraded Exterran Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Zacks Investment Research downgraded Exterran Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 29th. Finally, ValuEngine raised Exterran Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $30.00.
Exterran Corporation (NYSE:EXTN) opened at 30.33 on Friday. Exterran Corporation has a 52 week low of $13.56 and a 52 week high of $34.05. The company has a 50 day moving average price of $26.94 and a 200-day moving average price of $27.92. The company’s market capitalization is $1.09 billion.
Exterran Corporation (NYSE:EXTN) last issued its quarterly earnings results on Monday, August 7th. The energy company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.53) by $0.37. Exterran Corporation had a negative return on equity of 5.57% and a negative net margin of 1.45%. The firm had revenue of $330.59 million during the quarter, compared to analysts’ expectations of $329.50 million. On average, equities analysts anticipate that Exterran Corporation will post $0.06 earnings per share for the current fiscal year.
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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