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GABELLI & Co INVESTMENT ADVISERS INC. Purchases New Shares in Exterran Co. (NYSE:EXTN)

Defense World ·  Sep 14, 2022 16:32

GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Exterran Co. (NYSE:EXTN – Get Rating) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 198,000 shares of the energy company's stock, valued at approximately $1,230,000. GABELLI & Co INVESTMENT ADVISERS INC. owned approximately 0.59% of Exterran as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in EXTN. Flat Footed LLC purchased a new stake in shares of Exterran in the fourth quarter valued at $4,492,000. Robotti Robert raised its stake in shares of Exterran by 149.3% in the first quarter. Robotti Robert now owns 1,250,770 shares of the energy company's stock valued at $7,767,000 after acquiring an additional 749,020 shares during the period. Qube Research & Technologies Ltd purchased a new stake in shares of Exterran in the first quarter valued at $3,713,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Exterran in the first quarter valued at $2,336,000. Finally, EHP Funds Inc. purchased a new stake in shares of Exterran in the first quarter valued at $1,935,000. Hedge funds and other institutional investors own 66.33% of the company's stock.

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Exterran Trading Down 6.4 %

Shares of EXTN opened at $4.70 on Wednesday. Exterran Co. has a twelve month low of $2.67 and a twelve month high of $7.70. The company has a debt-to-equity ratio of 4.65, a current ratio of 1.29 and a quick ratio of 1.05. The company's fifty day simple moving average is $4.34 and its 200-day simple moving average is $5.44.

Exterran (NYSE:EXTN – Get Rating) last posted its quarterly earnings results on Monday, August 8th. The energy company reported ($0.25) EPS for the quarter, topping analysts' consensus estimates of ($0.74) by $0.49. The firm had revenue of $221.27 million for the quarter, compared to analysts' expectations of $205.00 million. Exterran had a negative net margin of 11.16% and a negative return on equity of 45.59%. On average, equities research analysts expect that Exterran Co. will post -2.09 earnings per share for the current year.

Exterran Company Profile

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Exterran Corporation, a systems and process company, provides various solutions in the oil, gas, water, and power markets worldwide. The company operates through three segments: Contract Operations, Aftermarket Services, and Product Sales. It offers compression, processing, and treating services through the operation of natural gas compression equipment, and crude oil and natural gas production and process equipment; and water treatment and power generation solutions.

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