Today’s Market Runner: Could Exterran Corp Lose its Strength? The Stock Reaches 52-Week High

Today's Market Runner: Could Exterran Corp Lose its Strength? The Stock Reaches 52 Week High

The stock of Exterran Corp (NYSE:EXTN) hit a new 52-week high and has $20.31 target or 7.00% above today’s $18.98 share price. The 6 months bullish chart indicates low risk for the $673.03 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $20.31 price target is reached, the company will be worth $47.11M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 41,392 shares traded hands. Exterran Corp (NYSE:EXTN) has risen 15.94% since April 25, 2016 and is uptrending. It has outperformed by 9.93% 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. $26.0 is the highest target while $21 is the lowest. The $23.50 average target is 23.81% above today’s ($18.98) stock price. Exterran Corporation has been the topic of 3 analyst reports since November 4, 2015 according to StockzIntelligence Inc. The rating was initiated by Howard Weil on Wednesday, November 4 with “Sector Outperform”. Howard Weil upgraded Exterran Corp (NYSE:EXTN) on Monday, December 14 to “Focus Stock” rating.

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: Businesswire.com which released: “Exterran Corporation Announces Extensions of Waivers to Credit Facility and …” on November 22, 2016, also Reuters.com with their article: “BRIEF-Exterran Corp announces extensions of waivers to credit facility” published on November 22, 2016, Quotes.Wsj.com published: “Exterran Corp. EXTN (US: NYSE)” on December 17, 2014. More interesting news about Exterran Corp (NYSE:EXTN) were released by: Reuters.com and their article: “BRIEF-Exterran Corp appoints David Barta as CFO” published on October 31, 2016 as well as Prnewswire.com‘s news article titled: “Faruqi & Faruqi, LLP is Investigating Exterran Corporation (EXTN) on Behalf of …” with publication date: April 26, 2016.

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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