Stock Mover of The Day: What’s Propelling Exterran Corp to Reach Record High?

Stock Mover of The Day: What's Propelling Exterran Corp to Reach Record High?

The stock of Exterran Corp (NYSE:EXTN) reached all time high today, Nov, 30 and still has $20.42 target or 3.00% above today’s $19.83 share price. This indicates more upside for the $692.40 million company. This technical setup was reported by Barchart.com. If the $20.42 PT is reached, the company will be worth $20.77 million 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. About 34,956 shares traded hands. Exterran Corp (NYSE:EXTN) has risen 14.12% since April 27, 2016 and is uptrending. It has outperformed by 8.89% 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 stock of Exterran Corp (NYSE:EXTN) earned “Focus Stock” rating by Howard Weil on Monday, December 14. Howard Weil initiated Exterran Corp (NYSE:EXTN) rating on Wednesday, November 4. Howard Weil has “Sector Outperform” rating and $26.0 price target.

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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