Exterran Corp (EXTN) was Downgraded by Scotia Howard Weil to ” Sector Outperform” while Lowering the Price Target of the company shares to $ 20 from a previous price target of $22 . Earlier the firm had a rating of “Focus Stock ” on the company shares. Scotia Howard Weil advised their investors in a research report released on Jun 22, 2016.
On the company’s financial health, Exterran Corp reported $-0.42 EPS for the quarter, missing the analyst consensus estimate by $ -0.51 based on the information available during the earnings call on Feb 25, 2016. Analyst had a consensus of $0.09. The company had revenue of $418.10 million for the quarter, compared to analysts expectations of $398.50 million. The company’s revenue was down -4.4 % compared to the same quarter last year.
In a different news, on Mar 11, 2016, Daniel K Schlanger (Senior Vice President) sold 22,522 shares at $15.61 per share price. According to the SEC, on Mar 11, 2016, Christopher T Werner (Senior Vice President) sold 5,209 shares at $16.75 per share price.
Exterran Corporation formerly Exterran SpinCo Inc. is engaged in compression production and processing products and services serving customers across the world involved in various aspects of the oil and natural gas industry. The Company’s segments include contract operations aftermarket services and product sales. The Company’s product lines include natural gas compression process and treating and production equipment and water treatment solutions. The Company provides its products and services to a customer base which includes companies engaged in various aspects of the oil and natural gas industry such as large integrated oil and natural gas companies national oil and natural gas companies independent oil and natural gas producers as well as oil and natural gas processors gatherers and pipeline operators. The Company conducts its operations in various locations throughout the United States Latin America and the Eastern Hemisphere.