Credit Suisse AG Sells 9,109 Shares of Exterran Corporation (EXTN)
Credit Suisse AG reduced its stake in shares of Exterran Corporation (NYSE:EXTN) by 16.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 46,751 shares of the energy company’s stock after selling 9,109 shares during the period. Credit Suisse AG’s holdings in Exterran Corporation were worth $1,470,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Exterran Corporation during the fourth quarter valued at about $4,295,000. Louisiana State Employees Retirement System boosted its position in shares of Exterran Corporation by 1.6% in the first quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the energy company’s stock valued at $403,000 after buying an additional 200 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Exterran Corporation by 2.7% in the first quarter. State of Alaska Department of Revenue now owns 3,480 shares of the energy company’s stock valued at $109,000 after buying an additional 90 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of Exterran Corporation by 15.7% in the first quarter. Nationwide Fund Advisors now owns 115,870 shares of the energy company’s stock valued at $3,644,000 after buying an additional 15,714 shares in the last quarter. Finally, Strs Ohio boosted its position in shares of Exterran Corporation by 151.4% in the first quarter. Strs Ohio now owns 27,400 shares of the energy company’s stock valued at $861,000 after buying an additional 16,500 shares in the last quarter. 89.71% of the stock is currently owned by institutional investors.
Shares of Exterran Corporation (NYSE:EXTN) traded down 1.59% during midday trading on Tuesday, hitting $24.11. 33,970 shares of the company’s stock traded hands. The stock’s market cap is $862.97 million. The company has a 50 day moving average of $27.11 and a 200 day moving average of $28.68. Exterran Corporation has a 52 week low of $12.73 and a 52 week high of $34.05.
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 analysts’ consensus estimates of ($0.53) by $0.37. The company had revenue of $330.59 million for the quarter, compared to analyst estimates of $329.50 million. Exterran Corporation had a negative return on equity of 5.57% and a negative net margin of 1.45%. On average, equities analysts forecast that Exterran Corporation will post ($0.35) EPS for the current fiscal year.
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EXTN has been the topic of several recent research reports. Zacks Investment Research raised shares of Exterran Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, April 18th. ValuEngine upgraded shares of Exterran Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded shares of Exterran Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $30.00.
Exterran Corporation Company Profile
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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