Neuberger Berman Group LLC Acquires New Position in Exterran Corporation (EXTN)

Neuberger Berman Group LLC acquired a new position in Exterran Corporation (NYSE:EXTN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 36,308 shares of the energy company’s stock, valued at approximately $969,000. Neuberger Berman Group LLC owned approximately 0.10% of Exterran Corporation as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of EXTN. Louisiana State Employees Retirement System raised its position in shares of Exterran Corporation by 1.6% during the first quarter. Louisiana State Employees Retirement System now owns 12,800 shares of the energy company’s stock worth $403,000 after acquiring an additional 200 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Exterran Corporation by 15.7% during the first quarter. Nationwide Fund Advisors now owns 115,870 shares of the energy company’s stock worth $3,644,000 after acquiring an additional 15,714 shares during the last quarter. Strs Ohio raised its position in shares of Exterran Corporation by 151.4% during the first quarter. Strs Ohio now owns 27,400 shares of the energy company’s stock worth $861,000 after acquiring an additional 16,500 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Exterran Corporation by 38.6% during the first quarter. Wells Fargo & Company MN now owns 80,340 shares of the energy company’s stock worth $2,527,000 after acquiring an additional 22,367 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its position in shares of Exterran Corporation by 6.8% during the first quarter. Great West Life Assurance Co. Can now owns 44,881 shares of the energy company’s stock worth $1,411,000 after acquiring an additional 2,850 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Exterran Corporation from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 29th. BidaskClub upgraded Exterran Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, ValuEngine upgraded Exterran Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Exterran Corporation has a consensus rating of “Hold” and an average target price of $30.00.

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Shares of Exterran Corporation (NYSE:EXTN) opened at 29.78 on Tuesday. The stock’s 50 day moving average price is $26.88 and its 200-day moving average price is $27.93. Exterran Corporation has a 52-week low of $13.28 and a 52-week high of $34.05. The company’s market cap is $1.07 billion.

Exterran Corporation (NYSE:EXTN) last released its quarterly earnings data on Monday, August 7th. The energy company reported ($0.16) earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $330.59 million for the quarter, compared to the consensus estimate of $329.50 million. Equities analysts expect that Exterran Corporation will post $0.09 EPS for the current year.

Exterran Corporation 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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Institutional Ownership by Quarter for Exterran Corporation (NYSE:EXTN)

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