Zacks: Exterran Corp. (NYSE:EXTN) Given $20.50 Average Target Price by Analysts
Shares of Exterran Corp. (NYSE:EXTN) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Brokerages have set a one year consensus price objective of $20.50 for the company, according to Zacks. Zacks has also assigned Exterran Corp. an industry rank of 209 out of 265 based on the ratings given to its competitors.
Several analysts have weighed in on EXTN shares. Scotiabank reissued a “sector outperform” rating and issued a $20.00 price target (down from $22.00) on shares of Exterran Corp. in a research note on Wednesday, June 22nd. 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 research report on Wednesday, June 22nd.
Several institutional investors have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. purchased a new position in Exterran Corp. during the second quarter worth about $173,000. Arizona State Retirement System boosted its position in shares of Exterran Corp. by 1.1% in the second quarter. Arizona State Retirement System now owns 18,290 shares of the company’s stock valued at $235,000 after buying an additional 200 shares in the last quarter. Highbridge Capital Management LLC bought a new position in shares of Exterran Corp. during the second quarter valued at about $694,000. Cubist Systematic Strategies LLC bought a new position in shares of Exterran Corp. during the second quarter valued at about $134,000. Finally, AQR Capital Management LLC boosted its position in shares of Exterran Corp. by 51.6% in the second quarter. AQR Capital Management LLC now owns 39,934 shares of the company’s stock valued at $513,000 after buying an additional 13,589 shares in the last quarter. Hedge funds and other institutional investors own 80.31% of the company’s stock.
Shares of Exterran Corp. (NYSE:EXTN) traded down 2.05% during trading on Tuesday, reaching $13.36. 17,746 shares of the company traded hands. The stock has a market capitalization of $469.51 million and a P/E ratio of 9.92. Exterran Corp. has a 12-month low of $10.83 and a 12-month high of $19.36. The firm’s 50 day moving average is $13.94 and its 200-day moving average is $14.07.
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.
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