Shares of Exterran Corp. (NYSE:EXTN) have earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 1-year consensus target price of $20.50 for the company, according to Zacks. Zacks has also given Exterran Corp. an industry rank of 210 out of 265 based on the ratings given to its competitors.
Several research analysts have recently weighed in on the stock. Howard Weil cut shares of Exterran Corp. from a “focus stock” rating to a “sector outperform” rating and decreased their price objective for the company from $22.00 to $20.00 in a report on Wednesday, June 22nd. Scotiabank reissued a “sector outperform” rating and set a $20.00 price objective (down from $22.00) on shares of Exterran Corp. in a report on Wednesday, June 22nd.
Hedge funds have recently made changes to their positions in the stock. Huntington Asset Advisors Inc. acquired a new stake in shares of Exterran Corp. during the first quarter worth approximately $116,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Exterran Corp. during the second quarter worth approximately $134,000. Whittier Trust Co. boosted its stake in shares of Exterran Corp. by 1.2% in the second quarter. Whittier Trust Co. now owns 10,639 shares of the company’s stock worth $137,000 after buying an additional 130 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Exterran Corp. by 239.8% in the second quarter. BlackRock Inc. now owns 10,704 shares of the company’s stock worth $137,000 after buying an additional 7,554 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Exterran Corp. by 88.9% in the second quarter. BNP Paribas Arbitrage SA now owns 11,506 shares of the company’s stock worth $148,000 after buying an additional 5,414 shares in the last quarter. 80.31% of the stock is owned by institutional investors and hedge funds.
Exterran Corp. (NYSE:EXTN) opened at 14.88 on Tuesday. Exterran Corp. has a one year low of $10.83 and a one year high of $19.36. The firm has a 50-day moving average of $14.09 and a 200 day moving average of $14.07. The company has a market capitalization of $522.93 million and a P/E ratio of 11.05.
Exterran Corp. Company Profile
Exterran Corporation is engaged in the provision of 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 product sales.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Exterran Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exterran Corp. and related companies with MarketBeat.com's FREE daily email newsletter.