Bank of Montreal Can Has $1.89 Million Position in Exterran Corporation (EXTN)
Bank of Montreal Can increased its position in Exterran Corporation (NYSE:EXTN) by 3,853.0% during the second quarter, Holdings Channel reports. The institutional investor owned 70,877 shares of the energy company’s stock after buying an additional 69,084 shares during the period. Bank of Montreal Can’s holdings in Exterran Corporation were worth $1,892,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the company. Capstone Asset Management Co. raised its stake in shares of Exterran Corporation by 2.0% in the second quarter. Capstone Asset Management Co. now owns 18,881 shares of the energy company’s stock worth $504,000 after buying an additional 370 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Exterran Corporation by 69.5% in the first quarter. AQR Capital Management LLC now owns 294,247 shares of the energy company’s stock worth $9,254,000 after buying an additional 120,639 shares in the last quarter. Gotham Asset Management LLC bought a new stake in shares of Exterran Corporation during the first quarter worth approximately $2,575,000. State Street Corp raised its stake in shares of Exterran Corporation by 19.6% in the first quarter. State Street Corp now owns 881,023 shares of the energy company’s stock worth $27,708,000 after buying an additional 144,099 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Exterran Corporation by 100.4% in the first quarter. Bank of America Corp DE now owns 50,145 shares of the energy company’s stock worth $1,577,000 after buying an additional 25,126 shares in the last quarter. Hedge funds and other institutional investors own 89.71% of the company’s stock.
Shares of Exterran Corporation (NYSE EXTN) traded down 1.40% during mid-day trading on Monday, hitting $25.37. 41,067 shares of the stock were exchanged. The stock has a 50-day moving average price of $27.17 and a 200 day moving average price of $28.74. The firm’s market cap is $908.07 million. Exterran Corporation has a 52-week low of $12.73 and a 52-week high of $34.05.
Exterran Corporation (NYSE:EXTN) last posted its quarterly earnings results on Monday, August 7th. The energy company reported ($0.16) EPS for the quarter, topping 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 business had revenue of $330.59 million for the quarter, compared to analyst estimates of $329.50 million. On average, equities research analysts expect that Exterran Corporation will post ($0.35) earnings per share for the current year.
A number of analysts have recently commented on the stock. BidaskClub lowered shares of Exterran Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Zacks Investment Research lowered shares of Exterran Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 21st. Finally, ValuEngine upgraded shares of Exterran Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target 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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