The stock of Exterran Corp (NYSE:EXTN) reached all time high today, Nov, 25 and still has $20.23 target or 7.00% above today’s $18.91 share price. This indicates more upside for the $663.81M company. This technical setup was reported by Barchart.com. If the $20.23 PT is reached, the company will be worth $46.47M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.91% or $0.17 during the last trading session, hitting $18.91. About 43,246 shares traded hands. Exterran Corp (NYSE:EXTN) has risen 10.50% since April 22, 2016 and is uptrending. It has outperformed by 5.09% the S&P500.
Exterran Corp (NYSE:EXTN) Ratings Coverage
Out of 2 analysts covering Exterran Corporation (NYSE:EXTN), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Exterran Corporation has been the topic of 3 analyst reports since November 4, 2015 according to StockzIntelligence Inc. The rating was upgraded by Howard Weil to “Focus Stock” on Monday, December 14. As per Wednesday, November 4, the company rating was initiated by Howard Weil.
According to Zacks Investment Research, “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.”
More notable recent Exterran Corp (NYSE:EXTN) news were published by: Reuters.com which released: “BRIEF-Exterran Corp announces extensions of waivers to credit facility” on November 22, 2016, also Quotes.Wsj.com with their article: “Exterran Corp. EXTN (US: NYSE)” published on December 17, 2014, Reuters.com published: “BRIEF-Exterran Corp appoints David Barta as CFO” on October 31, 2016. More interesting news about Exterran Corp (NYSE:EXTN) were released by: Prnewswire.com and their article: “Faruqi & Faruqi, LLP is Investigating Exterran Corporation (EXTN) on Behalf of …” published on April 26, 2016 as well as Streetinsider.com‘s news article titled: “Exterran Holdings (EXH) Announces Record, Distribution Dates of Exterran Corp …” with publication date: July 13, 2015.
EXTN Company Profile
Exterran Corporation, incorporated on March 2, 2015, is engaged in the provision of compression, production and processing services and products that support the production and transportation of oil and natural gas around the world. The Firm operates through three divisions: contract operations, aftermarket services and product sales. The contract activities segment provides natural gas compression services, production and processing equipment services, and maintenance services to meet specific customer requirements on assets owned by it. The aftermarket services segment provides a range of services to support the surface production, compression and processing needs of customers, from parts sales and normal maintenance services to full operation of a customer’s owned assets. The product sales segment provides design, engineering, manufacturing, installation and sale of natural gas compression units, and accessories and equipment used in the production, treating and processing of natural gas and crude oil, and engineering, procurement and manufacturing services related to the manufacture of process equipment for refinery and petrochemical facilities, the manufacture of tanks for tank farms and the manufacture of evaporators and brine heaters for desalination plants. The Firm provides its services and products to a customer base consisting of companies engaged in all aspects of the oil and natural gas industry, including integrated oil and natural gas companies, national oil and natural gas companies, independent oil and natural gas producers, and oil and natural gas processors, gatherers and pipeline operators.
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