EXTN - Exterran Corporation May Remain Weak Before It Catches Growth
Exterran’s short-term weaknesses are not over
Exterran Corporation (EXTN) serves the natural gas processing and the midstream infrastructure business in the energy sector. It also provides aftermarket parts and services. I think EXTN’s stock price will remain shaky or go downward in the short-term. EXTN faces various operational as well as industry headwinds. Its Aftermarket Services segment can remain weak due to unfavorable product mix, while the volatility in natural gas price can delay the natural gas-related project off takes.
On the other hand, EXTN’s strong backlog growth in the past two year