Zacks Investment Research downgraded shares of Exterran (NYSE:EXTN) from a hold rating to a strong sell rating in a research report sent to investors on Saturday, Zacks.com reports.

According to Zacks, “Exterran Corporation is involved in compression, production and processing products and services of the oil and natural gas industry. The company’s product lines include natural gas compression, process & treating and production equipment and water treatment solutions. Exterran Corporation is headquartered in Houston, Texas. “

Separately, Evercore ISI reissued a buy rating and issued a $28.00 target price on shares of Exterran in a research note on Thursday, August 8th.

EXTN opened at $9.84 on Friday. The company has a market capitalization of $363.17 million, a PE ratio of 51.79 and a beta of 1.06. The company has a current ratio of 1.35, a quick ratio of 0.91 and a debt-to-equity ratio of 0.94. Exterran has a 52 week low of $9.71 and a 52 week high of $29.31. The company has a fifty day moving average price of $12.67.

Exterran (NYSE:EXTN) last released its earnings results on Monday, August 5th. The energy company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.07). The firm had revenue of $390.87 million during the quarter, compared to the consensus estimate of $369.15 million. Exterran had a negative net margin of 0.89% and a negative return on equity of 1.63%. As a group, equities research analysts predict that Exterran will post -0.27 EPS for the current year.

In related news, Director William M. Goodyear acquired 5,000 shares of Exterran stock in a transaction dated Friday, August 9th. The shares were purchased at an average cost of $10.67 per share, with a total value of $53,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.50% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in EXTN. Norges Bank bought a new position in shares of Exterran during the fourth quarter valued at about $10,751,000. Renaissance Technologies LLC grew its stake in shares of Exterran by 226.5% during the second quarter. Renaissance Technologies LLC now owns 632,100 shares of the energy company’s stock valued at $8,988,000 after buying an additional 438,500 shares during the last quarter. BlackRock Inc. grew its stake in shares of Exterran by 2.4% during the second quarter. BlackRock Inc. now owns 5,109,282 shares of the energy company’s stock valued at $72,654,000 after buying an additional 120,435 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Exterran by 93.3% during the fourth quarter. Deutsche Bank AG now owns 145,831 shares of the energy company’s stock valued at $2,579,000 after buying an additional 70,390 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in shares of Exterran by 69.3% during the second quarter. Parametric Portfolio Associates LLC now owns 133,647 shares of the energy company’s stock valued at $1,900,000 after buying an additional 54,723 shares during the last quarter. 87.59% of the stock is currently owned by hedge funds and other institutional investors.

Exterran Company Profile

Exterran Corporation, a systems and process company, provides various solutions in the oil, gas, water, and power markets worldwide. The company operates through three segments: contract Operations, Aftermarket Services, and Product Sales. It offers compression, processing, and treating services through the operation of natural gas compression equipment, and crude oil and natural gas production and process equipment; and water treatment and power solutions.

Further Reading: Return On Assets

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