BlueMountain Capital Management LLC Increases Stake in Exterran Corp (EXTN)

BlueMountain Capital Management LLC raised its stake in Exterran Corp (NYSE:EXTN) by 7.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,031 shares of the energy company’s stock after purchasing an additional 2,666 shares during the period. BlueMountain Capital Management LLC owned approximately 0.11% of Exterran worth $1,002,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Exterran during the 1st quarter worth approximately $153,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Exterran during the 2nd quarter worth approximately $188,000. Victory Capital Management Inc. acquired a new stake in shares of Exterran during the 1st quarter worth approximately $227,000. Barclays PLC boosted its stake in Exterran by 29.1% during the 1st quarter. Barclays PLC now owns 11,447 shares of the energy company’s stock worth $305,000 after acquiring an additional 2,581 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in Exterran during the 2nd quarter worth approximately $348,000. 87.43% of the stock is owned by hedge funds and other institutional investors.

EXTN traded down $0.34 during trading on Friday, reaching $26.51. The company had a trading volume of 223,505 shares, compared to its average volume of 143,970. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.93 and a current ratio of 1.30. Exterran Corp has a 12 month low of $24.15 and a 12 month high of $33.69. The firm has a market cap of $958.40 million, a P/E ratio of -67.97 and a beta of 0.88.

Exterran (NYSE:EXTN) last announced its quarterly earnings results on Monday, August 6th. The energy company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.06). Exterran had a net margin of 1.14% and a return on equity of 1.70%. The company had revenue of $343.47 million during the quarter, compared to the consensus estimate of $326.75 million. On average, sell-side analysts anticipate that Exterran Corp will post 0.65 earnings per share for the current fiscal year.

Several research firms recently weighed in on EXTN. AltaCorp Capital reissued an “outperform” rating on shares of Exterran in a research note on Tuesday, July 10th. Zacks Investment Research lowered shares of Exterran from a “hold” rating to a “sell” rating in a research note on Monday, September 3rd. Finally, ValuEngine lowered shares of Exterran from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $27.00.

About Exterran

Exterran Corporation engages in the compression, production, and processing of products and services for the oil and natural gas industry worldwide. The company operates through three segments: contract Operations, Aftermarket Services, and Product Sales. Its contract operation services include personnel, equipment, tools, materials, and supplies.

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Institutional Ownership by Quarter for Exterran (NYSE:EXTN)

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